More than a dozen corporates, including big names such as Aditya Birla Group, M&M, L&T, as well as state-owned PFC, LIC and India Post, are likely to apply to the Reserve Bank for licence to open banks.
RBI said the improvement in asset quality was driven by state-run lenders which saw a drop both in both GNPA and in the net NPA ratios.
Suriya Loganathan achieved a golden double, winning the 5,000 metres, at the 52nd National Open Athletics Championships in Chennai on Thursday. The Tamil Nadu lass, who had earlier got the better of Asian Games gold medallist Preeja Sreedharan in the 10,000 metres, held off a strong challenge from Railways' O P Jaisha and LIC's Monika Athare to emerge triumphant.
Companies which have been dropped from the list include Tata Motors, Hindustan Unilever, MRF, Glaxo SmithKline Consumer Healthcare, Pfizer, Dr Reddy's Labs, Glenmark Pharmaceuticals, HDFC and Kotak Mahindra Bank
'No commercial bank will be allowed to fail. There is nothing to worry about.'
Railways sprinter Merlin K Joseph smashed the 13-year-old national record in women's 100m race in the semi-finals on Sunday, but could manage only a bronze in the finals on the second day of the 53rd National Open Athletics Championships in Ranchi.
'I have been advising investors since the last couple of months to at least take their capital out.' 'Most of the people have made 50-60 per cent in the market, if not more, they must at least take their capital out.'
'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'
The largest financial institution, LIC, led the list of companies that paid up their advance tax this morning, with a spike in the amount to Rs 1,200 crore (Rs 12 billion) from Rs 1,070 crore (Rs 10.70 billion) a year ago, a senior income tax official said in New Delhi on Thursday.
Singh's wife Pratibha Singh was also summoned as accused.
The hectic buying by domestic institutions, as also by some top-shot brokers in their proprietary accounts, was in sharp contrast to heavy selling of stocks by foreign portfolio investors
Failure to sell Air India, IDBI may have prompted a change in strategy.
Cabinet set to approve broadened framework this week; market route to be pursued as well.
Junior national champion Aravindh Chithambaram, pulled off a big surprise by defeating compatriot and GM Deep Sengupta in the 4th Mayor's Cup International Chess Tournament in Mumbai on Saturday.
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings.
A first in 7 years, the combined institutional investor flow stands at Rs 69,000 crore in 2016-17
Film and television actor Arif Zakaria shares his tips on money and relationship mantras.
Japan's Orix Corporation, which was in talks with Reliance Industries (RIL) to sell its 23.87 per cent stake in Infrastructure Leasing and Finance Company (IL&FS), has bowled a googly.
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
Eyebrows were raised on Monday in political circles after the Maharashtra Navnirman Sena chief Raj Thackeray visited the Bharatiya Janata Party office in Mumbai and met the party's Maharashtra President Sudhir Mungantiwar.
Oil major ONGC on Tuesday said the government's holding in the company has come down by 4.91 per cent to 69.23 per cent following stake sale last week. Prior to the Offer for Sale, the government had 74.14 per cent stake in ONGC.
The reaction from Planning Commission Deputy Chairman Montek Singh Ahluwalia comes a day after the Central Bureau of Investigation arrested LIC Housing Finance CEO Ramachandran Nair and seven other senior bankers on charges of corruption and criminal conspiracy.
RBI would alert banks to exercise caution on their exposure to the real estate sector according to the process usually followed, sources said.
Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.
Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check
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The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
CBI officials, however, said no such evidence had so far been found. CBI, on receiving a tipoff from its sources, found that a private financial services company, its chairman and managing director, and other associates were allegedly bribing senior officials of public sector banks and financial institutions for facilitating largescale corporate loans.
Biggest ever share sale by any private or public sector co in India.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
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