It won't be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay.
The row over Congress' loan to a company on Friday escalated with the party and Janata Party chief Subramanian Swamy daring each other to file cases as Bharatiya Janata Party waded into the controversy seeking a specific answer whether money was transferred from AICC.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
The petition was filed in 2003 by NGO Centre for Public Interest Litigation.
The probe agency found irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank to the travel firm.
The stress associated with getting a loan and then paying it back can be substantially cut down if you plan well and understand the factors associated with the education loan
What if you could have an option apart from personal loan in times of crisis?
Did the fear of central agencies probing scams involving NCP leaders that forced these politicians to jump ship?
Because a settled account will do more damage to your credit history than you can imagine.
A special court in Mumbai on Saturday remanded ICICI Bank's former CEO and MD Chanda Kochhar and her husband Deepak Kochhar in the custody of the Central Bureau of Investigation (CBI) till December 26 in connection with alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies. The Kochhars were arrested by the probe agency on Friday night after a brief questioning session. The CBI has alleged that they were evasive in their response and did not cooperate in the investigation.
Farmer leader and Lok Sabha member Raju Shetti, who participated in the talks, said he was happy that their demands had been met.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Here are some features you should be looking out for if you want to opt for a business loan...
Based on internal evaluation and legal opinion, the management was of the opinion that the company has the ability to ultimately recover the aforesaid ICDs
State-run banking giant SBI has said it temporarily exceeded RBI-prescribed credit exposure limit for the fourth year in a row in 2011-12 with regard to loans given to Mukesh Ambani-led Reliance Industries (RIL).
Keep these five things in mind when you approach a bank for money to finance your education.
A primer on how to choose correctly between swiping your card and applying for a loan...
The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.
Government may also consider giving relief to some of the worst-affected sectors.
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
Make sure that the person you are buying the plot from is the rightful owner.
Lower interest rate, lower stamp duty and higher chances of loan application being accepted give women an edge over men when fulfilling purchase of their dream home
When one applies for a loan, he/she is almost immediately offered an insurance policy to cover it. These are called Mortgage Redemption Schemes or Loan Protection Covers.
NBFCs are allowed to include registration, stamp duty
Here's what you need to look at to get the best deal from the zillions in the market.
Deepa Gahlot lists some 2023 movies that you need to watch if you haven't already.
If one has to draw a parallel to a home loan, marriage comes pretty close. There is a high involvement of finances, emotions and a long time commitment. But don't let this analogy send your thought trail in a frenzy! Just like marriage, this can turn out to be the best decision of your life.
Currently, the enforcement officers are making seizures of assets directly and indirectly connected to offenders, including jewelers Nirav Modi and Mehul Choksi in the Punjab National Bank fraud and Vijay Mallya in the Rs 9,000-crore IDBI loan case.
The ED probe pertains to alleged financial irregularities in the redevelopment of Patra Chawl, a tenement, and related financial transactions involving his wife and associates.
oans help you achieve your financial goals, even if you do not have 100 per cent of the funds needed for it immediately.
Companies with more than Rs 10,000 crore of debt would seek refinancing.
It's important you keep the following points in mind as you set out to have your name plate on the wall.
State governments, which are striving to achieve 4 per cent growth in agriculture during the 11th Plan period (2007-12), have made a strong pitch for repayment of short-term loans by farmers in case of natural calamities at an interest rate of 7 per cent and not at the regular rate of over 10 per cent as fixed by banks.
Sanjay Kumar Singh speaks to experts to find out if Tata Housings new loan offer should interest you.
The Delhi high court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of $717 million against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies. The high court also said that the moratorium on recoveries from sale of Ambani's assets, as provided under section 96 of the Insolvency and Bankruptcy Code (IBC), would remain in operation for now. This direction came on the application moved by the State Bank of India (SBI) seeking a declaration that the moratorium shall continue to be in effect.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
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