The solution to this problem lies only in making the system more efficient, he said.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
Day 2: Syed Firdaus Ashraf attempts to deposit Rs 500, 1,000 notes in his bank account.
Governments that do not respect central banks' independence will sooner or later incur the wrath of the financial markets, ignite economic fires, and come to rue the day they undermined an important regulatory institution; their wiser counterparts who invest in central bank independence will enjoy lower costs of borrowing, the love of international investors, and longer life spans, said Acharya, who will return to the New York University's Stern Business School in August.
The Reserve Bank of India on Tuesday cut the bank rate by 0.25 per cent to 6 per cent with effect from close of business hours.
Unlike many peers in the VC space, LSE grad Juneja doesn't have an entrepreneurial background but is said to be strong in finance skills
The meeting is expected to chart a road map for cleaning up their balance sheets and boost credit flows, reports Somesh Jha.
'When Arnab Goswami announced on TV, it's over, it's done, dad patted me with love and said congrats.' 'I broke down' Nakshatra Bagwe, a 'proud gay' film-maker and activist from Mumbai, tells Rediff.com's Divya Nair.
The interim dividend will help Narendra Modi-led government partly bridge the deficit its budget had developed after the announcement of a Rs 75,000 crore a year cash dole scheme for small farmers.
RBI may be inclined to impose severe restrictions on lending in the coming quarters.
According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
At other bank ATMs, the customers of these banks will be charged beyond three transactions.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
It was unclear how bankers were deciding which jewellers to support
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
"Since 2014, I have never given him any appointment to meet me and the question of his having met me does not arise," Finance Minister Jaitley said in a Facebook post.
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
Aam Aadmi Party leader Arvind Kejriwal hosted a Rs 20,000 per plate dinner for young professionals, diamond merchants and bankers in New Delhi kick-starting the party's fund-raising campaign for the Delhi Assembly elections.
First case filed after new norms come into force, NCLT admits plea.
The newly-announced cabinet is expected to take oath on Monday at the President's House.
'For years, the RBI has been warning banks on probable frauds in bank guarantees and advised them to exercise due care.' 'PSB staffers feel their jobs are secured, hence there is no need to be vigilant and exercise financial prudence.'
Farhan Azmi, son of state Samajwadi Party chief Abu Asim Azmi, on Tuesday said he was in the reckoning to contest against sitting Congress Member of Parliament and Union minister Milind Deora from the posh Mumbai South constituency in the upcoming Lok Sabha polls.
'In many parts of the country, the empty nest-and-empty-nest egg story is a painful boom-to-bust saga.' 'Among the old and young, it is hitting pockets hard, in a linked chain of debt-laden banks, corrupt politicians and builder mafias and disastrous government policies,' says Sunil Sethi.
Switzerland makes public 2,600 dormant a/c; 4 from India.
In August, RBI allowed 11 business houses to start a payments bank.
Syed Firdaus Ashraf goes to the bank to withdraw cash, a day after high denomination notes were withdrawn, and encounters a veritable battlefield.
'Toll system can never end though the rates may vary from time to time. Toll is my brain child'
Slow credit off-take to put pressure on margins
Consolidation is happening because of a prolonged slowdown in residential sales which has also brought down the business of brokerages.
This start-up connects diners with regional cuisines that restaurants do not serve.
No longer an in-house task; hiring legal eagles is now becoming norm for M&As, fundraising
NHAI to pull plug on Rs 3,000-crore ventures for poor show
Duly paying your education loan installments on time, each month, is the best thing that could be done to maintain a good CIBIL TransUnion Score.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
Police custody of the prime accused in the Sheena Bora murder case -- Indrani Mukerjea, Sanjeev Khanna and Shyamvar Rai -- was on Saturday extended till September seven by a local court.
Hitting out at the Aam Aadmi Party, Bharatiya Janata Party on Thursday alleged the alternative politics promised by the outfit has "faltered" and the country is being presented with "gimmickry" and the "road to anarchy" instead.
Signs of financial stress were visible when the airline reported a loss of Rs 10.40 billion.
The events of September 24 have not only earned the country a whole lot of interest but also showed the world how a lot more can be accomplished with a shoestring budget.
