The RBI, which has no interest or mechanism to get feedback from bank customers, is unaware of this. If made aware, it remains silent, proving that it has no problem in allowing lenders to short-change its customers, says Debashis Basu.
Rajneesh Gupta checks out The Master's unknown records and milestones.
The teenager's simple idea to solve a problem has been developed into an app which launched July 18 in Mumbai.
The RBI, had, earlier in the day, hiked CRR by 0.75 per cent in two tranches, a move, it said, would help flush-out Rs 36,000 crore (Rs 360 billion) from the system.
The BCCI selection committee meeting for the one off Test against Bangladesh was delayed by four hours after joint secretary Amitabh Chaudhary was found ineligible to convene the meeting.
'It will cause problems for people who deal in small amounts of cash.' 'I hope it does not cause law and order problems.'
'When Etihad initiated their bid, it was conditional.' 'They said only if someone takes a 'haircut' would they be interested.'
He is now the first non-Congress chief minister to win a second term in office in the state, seen as a Congress bastion until just five years ago.
This financial world, experts now tell us was sometimes almost a make believe, a maya, which had got disconnected with the real economy of homes and factories.
ICICI Bank's Managing Director and Chief Executive K V Kamath is of the opinion that inspite of the marginal dip in growth India's long-term economic growth potential remains sustainable. However, he said the growth may slip from the previous 10 per cent level to around 8 per cent this fiscal. The services sector, contributing 60% to GDP, will help sustain the growth path. He said present inflation is a supply-side phenomenon and is not due to any over-heating in the economy.
Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.
Employees of public sector banks have called off the strike planned on February 25 and 26
Meet IIM graduate, senior brand consultant and debutant author Karan Bajaj.
The deadly terror attacks, which crippled Mumbai on Thursday also, will not be able to dent the confidence of India's banking and financial system, which, bankers feel, will bounce back to normal soon.
At the prison, both Ranjan and Manglik's cell phones were pressed into service by the CBI. Why the CBI didn't bring its own equipment seems a mystery... Ranjan's cell handset was given to Indrani and Manglik dialed it. Indrani then spoke and her speech, that emanated from the phone, via speaker mode, was recorded.
GoAir reluctant to respond to overtures.
PSB executives said loans to group holding company IL&FS and entities might still be treated as "standard".
Bankers and the markets on Monday read signals that the Reserve Bank of India was likely to continue its tight money policy in Governor YV Reddy's statement that India is vulnerable to oil and foodgrain price shocks.
Bank unions - officers and workmen - had buried their differences and sat across the table on August 29 to work out a fresh deal with the IBA involving a 20 per cent wage hike.
'We will have a well-designed product, and not a compromise.' 'We will make a completely contemporary vehicle, in keeping with consumers' aspirations, not like the Nano, which disappointed them,' Sajjan Jindal tells Shreekant Sambrani.
Ahead of the general elections, a slew of states and also the Centre had doled out sops to the marginalised sections, including the farmers and the poor.
'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.'
As investment bankers in India returned to their offices in India's financial capital, Mumbai, after Christmas and the New Year, they must have suffered from deja vu.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
Banker Meera Sanyal and activist Mayank Gandhi figured in the Aam Aadmi Party's first list of probable candidates released late on Thursday night for forthcoming Lok Sabha elections in Maharashtra while no senior leader's name featured from Delhi and Haryana.
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
Taxpayers are advised to furnish their bank details and electronic clearing system number in their tax returns, so that their refunds can be credited to bank accounts electronically, an official said. "With the Refund Banker scheme in place all over the country shortly, the Income Tax Department envisages no difficulty in processing refund cases," the official said.
'Infusion of fresh capital, handsome growth in deposits and focus on recovery should bring Yes Bank back on the growth path in the next financial year,' observes Tamal Bandyopodhyay.
Essel Propack, Amcore other contenders for $1bn deal.
RBI will not follow US Federal Reserve's cue of cutting rates, as Indian conditions differ greatly from US.
Currently, the fee is Rs 15 per financial transaction. This has been recommended to be revised to Rs 16.50, plus service tax (12%), taking the amount to Rs 18.48.
For financial institutions, it will be an opportunity to provide better lending options. For instance, customers who pay their overdrafts on time will get access to more credit and probably at a cheaper rate.
Manpower, a recruitment firm, is hiring Technical Support Officers, Technical Support Officers and Phone Bankers for US, UK and Australian processes.
The final list of bidders would be finalised only after the interested firms pay the earnest money deposit on June 30.
'People are already talking about what my character will do in Mirzapur season three.'
Finance divisions and CFOs should also "feed" information and insights into the rest of the organisation
