'This government has always been fiscally conservative. It never resorted to fiscal profligacy.'
Surplus liquidity in the banking system as measured by absorption of excess funds by the Reserve Bank of India (RBI) fell sharply at the end of the last week due to outflows on account of advance tax payments. According to the RBI data, the net liquidity absorbed by the central bank on September 16 was at Rs 3,243.57 crore, much lower than the average of Rs 56,809.92 crore in the preceding four days of the week. The average absorption of funds by the RBI so far in September is at Rs 1.13 trillion, against the average of Rs 1.2 trillion in the previous month, the data showed.
For the banking system a new cycle starts in FY2024. It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
RBI Governor Shaktikanta Das kept the red flag on cryptocurrencies flying, warning that the next financial crisis can be triggered by private cryptocurrencies if such speculative instruments are allowed to grow.
RBI said a total of 8,707 frauds involving Rs 1 lakh and above were detected during 2019-20 involving an amount of Rs 185,644 crore.
'India has entered an economic super-cycle driven by a housing cycle turnaround.'
Defying trends, the country's largest private sector lender, HDFC Bank, has shifted its asset mix significantly towards high-rated segments. As a result, its wholesale-to-retail mix has tilted heavily in favour of wholesale, even at the cost of margins. Further, it is even looking to ramp up its branch network, with an aim to service clients within a 1-2 km radius rather than the current 5-6 km radius.
The haunting loneliness of Lag Ja Gale... the declaration of both love and war in the rebellious Pyaar Kiya To Darna Kya... the song of freedom and aspiration in Aaj Phir Jeene Ki Tamanna Hai... the naughtiness in love with Baahon Me Chale Aao...
Flush with liquidity, banks are eager to lend. And, therein lies the problem, warns Tamal Bandyopadhyay.
Jubilee's irresistible celebration of cinema and all its good, bad, ugly ways lives up to its title, applauds Sukanya Verma.
World Championships bronze medallist Sen had earlier advanced to the men's singles semi-finals after his opponent Lu Guang Zu of China gave a walkover.
Collectively, the pack of 12 has posted a 50 per cent rise in profits -- Rs 25,685 crore. On a quarter-on-quarter basis (that is, September over June), the rise is 68 per cent. Public sector banks have never had such a stellar performance, explains Tamal Bandyopadhyay.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
The move will to a large extent speed up the monetary transmission process--which is banks passing on the rate cuts that the Reserve Bank announces to their borrowers without much delays--something that has been missing all these while and something that the RBI has been unhappy with.
From Madhuri's Ek Do Teen to her most recent number, Dil De Diya in Radhe: Your Most Wanted Bhai, the actress has enhanced so many of Bollywood's item numbers with her presence.
Legendary singer Lata Mangeshkar, who was in the intensive care unit of Mumbai's Breach Candy Hospital, passed away on Sunday morning. She was 92.
The drop in net interest margin will separate the men from the boys, explains Tamal Bandyopadhyay.
Javed Akhtar is among the millions who believe that Lata Mangeshkar's voice is therapeutic.
'For the next two years, we expect the bulk of earnings growth contribution from sectors like financials and energy, where the outlook remains positive, while the sectors which are linked to domestic consumption and are currently witnessing strains on margins have low salience for Nifty earnings.'
Sukanya Verma toasts the man, the movies and the many, many, MANY memories he's made on big screen through 80 Amitabh Bachchan moments.
The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday and asserted that it is difficult for any central bank to anticipate the future more accurately. Earlier this month, Monetary Policy Committee (MPC), the central bank's rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle policy meeting. It was also the first rate hike after August 2018, amid spiralling inflation.
'For those who like romance in their music, I suggest they search for this song.'
Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report.
The Begusarai MP said the 'wyavastha (dispensation)' is responsible for the problems being faced by the people in the current situation.
Fitch Ratings has cut India's economic growth forecast to 8.7 per cent for the current fiscal but raised GDP growth projection for FY23 to 10 per cent, saying the second COVID-19 wave delayed rather than derail the economic recovery. In its APAC Sovereign Credit Overview, Fitch Ratings said India's 'BBB-/Negative' sovereign rating "balances a still-strong medium-term growth outlook and external resilience from solid foreign- reserve buffers, against high public debt, a weak financial sector and some lagging structural factors". The 'Negative' outlook, it said, reflects uncertainty over the debt trajectory following the sharp deterioration in India's public finances due to the pandemic shock.
Despite sleeping barely four hours in the past two days speedster Ishant Sharma kept India in the fight with three New Zealand wickets in the first Test even as he struggled hard to deal with "jet-lag".
'If the third wave of Covid infections is as bad as the second one, the market may get very polarised with a preference for blue-chips with low volatility.'
After a contraction in the current financial year, India's economy is forecast to bounce back with a sharp growth rate of 9.5 per cent next year provided it avoids further deterioration in financial sector health, Fitch Ratings said on Wednesday. The coronavirus pandemic will lead to shrinking of the already slowing economy in 2020-21 that started in April. Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year.
The Economic Survey seems convinced that 2019-2020 saw the bottom of the economic cycle, points out Abheek Barua, chief economist, HDFC Bank.
International Monetary Fund Chief Economist Gita Gopinath tells Indivjal Dhasmana high-frequency indicators for the third quarter of 2021 indicate momentum in economic recovery in India.
In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.
Anand marked the first of Hrishikesh Mukherjee's 3 historic collaborations with Rajesh Khanna, the other two being Bawarchi and Namak Haraam. Anand is without a shred of doubt Rajesh Khanna's career's finest performance. Just how he got the role is story of its own, reveals Subhash K Jha.
Modi was addressing a rally after laying the foundation stone of 594-km-long Ganga Expressway in this Uttar Pradesh district.
Fitch had last upgraded India's sovereign rating from BB+ to BBB- with a stable outlook on August 1, 2006.
Tharoor was asked by a Pakistani journalist as to how the political fortune of the Indian government was impacted by the rising COVID numbers. He said it was paradoxical as the government was "not doing well" in dealing with the pandemic and people realise that, but polls suggest that it has not hurt the BJP politically as it should.
Sebi has now said any default of payments of interest or principal on loans taken from financial institutions, including banks, will have to be disclosed if it continues beyond 30 days.
Surge in UPI transactions is because of an increased consumer interest in making bill payments and recharging mobile phones online, and purchase of non-essential goods on e-commerce platforms.
Android RULES! Windows, iOS BB10 lag behind.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
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