State-owned banks have amassed bad loans faster than private sector lenders.
According to a study by the brokerage division of global financial services major Citigroup, promoter holding went up to 58 per cent in the BSE-500 companies in the second quarter this fiscal from 54 per cent in the previous three-month period. In contrast, FIIs, mutual funds, banks, insurance companies and retail investors cut down their holdings.
Banks raising one-year deposits at 9.75% to meet MF, pension fund redemptions.
For the first time in its history, state-run carrier Air-India will sell its six Airbus A310-300 aircraft to a European bank and lease them back to its fleet for operations, in a sale-and-lease back deal.
"This is a very significant visit," Modi said.
Finance Minister Arun Jaitley on Saturday proposed to infuse Rs 7,940 crore funds next fiscal in the public sector banks.
Raghuram Rajan on Tuesday said the central bank cannot ask them to lower the rates.
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
Rajan sees banks passing on the benefit of lower rates regime to customers.
UTI Mutual Fund will hit the capital markets with initial public offering on Tuesday for its sixth thematic funds including auto, banking and public sector undertakings.
How investors can tweak their fixed income investments to earn more in the current environment.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
NBFCs are allowed to include registration, stamp duty
Taxi booking, shopping and transfer of money will be easy.
As liquid tightening measures were likely to be temporary, any change in lending rates would depend on the length of these measures, according to bankers.
'Debt mutual funds are a good option now because interest rates are coming down.' 'Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'
It is best to invest long-term surplus in stocks or equity mutual funds.
Mukesh Ambani-led RIL, which had a cash chest and marketable securities worth over Rs 90,000 crore (Rs 900 billion) at the end of the last fiscal, is known for very effectively managing its financial resources by placing them in liquid instruments and highly rated securities.
Broking firm Jefferies says Indian financial system is now flooded with the kind of liquidity witnessed in 2005-07 and 2009-10
While stocks are at cheap valuations, the volatility can be unnerving.
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The country has enough forex reserves to meet the demand.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
Bold reforms and prudent monetary and fiscal policies by the incoming Narendra Modi government will help the economy to grow at 6.5-7 percent, says a report.
Reducing policy rates is not enough. The key is to ensure banks lend to credit-constrained borrowers.
The Reserve Bank left interest rate unchanged.
It is a wonder how pervasive and long-lasting the damage can be from a balance-sheet crisis, says Suman Bery.
The first was wholesale funded banks and non-bank finance companies.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
An emergency fund, as the name suggests, is one in which you have three months to six months' salary.
Budget might turn out to be neutral for the sector.
The central bank measures though are also taking a toll on the banking sector, which is heavily reliant on short-term money markets for capital.
The online world is driven by convenience, simplicity and speed.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
IIM-B, professor R Vaidyanathan talks to Shobha Warrier about black money, Mudra Bank and Jaitley's Budget.
Real estate sector cheers reforms in the Budget.
Income from renting of properties is taxed at a flat rate of 10%.
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