The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
Public sector banks have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend may have a positive bearing on their balance sheets in the coming quarters. In the June quarter, Bank of Maharashtra (BoM) and State Bank of India (SBI) were in the lowest quartile as far as Gross Non Performing Assets (NPAs) and net NPAs were concerned, according to an analysis of the quarterly financial numbers published by the public sector lenders. Cumulatively, all the 12 public sector banks reported a profit of about Rs 15,306 crore in the three months ended June, registering an annual growth of 9.2 per cent. However, leading public sector lenders -- SBI and PNB -- posted lower profits in the June quarter.
Led by the ICC's head of events, Chris Tetley, and Board of Control for Cricket in India Tournament Director M V Sridhar, a joint team which arrived in the city on Sunday night, visited the stadium in the morning, carried out an inspection and met with PCA officials.
'Look at what he has achieved in all format of the game, not just Test cricket, where he has been fabulous.'
Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9,086 crore of funding, followed by Allahabad Bank with Rs 6,896 crore.
The Supreme Court, which is hearing a challenge to a Tamil Nadu law allowing jallikattu, on Wednesday observed that the "ultimate question" perhaps might be whether the bull-taming sport, dubbed by many as cruel to animals, can be allowed in any form.
The petitioners challenging a Tamil Nadu law allowing bull-taming sport Jallikattu argued in the Supreme Court on Tuesday that when the law prohibits cruelty to animals there cannot be an amending Act which perpetuates cruelty.
England cricketers -- both men and women -- will undergo anti-racism training courses this year after a survey revealed that more than one-third of black, Asian and minority ethnic (BAME) players have faced the prejudice in the game.
This is his 'Test' and for Kohli, a century to mark a 'century' is something he would be craving
Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.
'Let them put their house in order first.' 'Let the RBI first rectify themselves.'
The PCA plan covers various suggestions or measures to recover non-performing assets (NPAs), reduce costs, boost capital, downsize risk-weighted assets, and improve profitability, among others. The LVB management is in the process of implementing all of these, said sources.
With Ravindra Jadeja unavailable because of injury, will India include the left-handed Rishabh Pant over Dinesh Karthik who is a designated finisher in the squad?
The pitch of the third Test between India and Australia will not be of the same character as the last two matches in Chennai and Hyderabad, claimed Punjab Cricket Association (PCA) official.
Punjab's daily COVID-19 count has been relatively low and on Tuesday, 635 new cases were recorded which pushed the active tally to 4853.
Kohli holds the record for most Test appearances as India Test captain (68) and he also holds the record for most Test wins by an Indian captain (40). Only Graeme Smith, Ricky Ponting, and Steve Waugh have won more matches than Kohli as captain in Test cricket.
In a significant decision aimed to encourage players to hone and perfect their skills first, Punjab Cricket Association has decided not to give NOC to any player registered with the PCA under the age of 21 years who play in T20 game for any club/team/institution including the cash-rich and glamorous IPL.
Security at the PCA stadium in Mohali was tightened on Monday as the Pakistan cricket team went through the grind during a practice session ahead of Tuesday's ICC World Twenty20 match against New Zealand.
The government has already announced infusion of Rs 10,086 crore in Bank of India, Rs 5,500 crore in Oriental Bank of Commerce and Rs 2,159 in United Bank of India.
Out of these seven PSBs, Bank of India is likely to get the highest amount of Rs 10,086 crore, followed by Oriental Bank of Commerce, which might get Rs 5,500 crore through recapitalisation bonds
At present, perpetrators of such acts often get away unscathed as the penalty for the first time offender is just Rs 50 under the Prevention of Cruelty to Animals (PCA) Act, 1960.
India Test regulars like Cheteswar Pujara and Ishant Sharma have also thrown their hat into the ring with base prices of Rs 50 and Rs 75 lakh respectively.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
Yuvraj had announced his retirement from all forms of cricket last June.
Punjab Cricket Association has requested former India all-rounder Yuvraj Singh to come out of retirement and become a player-cum-mentor of the Punjab team in domestic cricket.
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
RBI says haste in easing norms for banks harmful to economy.
Bye-laws of resident associations preventing apartment owners or occupiers from keeping pets of their choice at home or accessing elevators and other common facilities are "illegal" and "unenforceable in law", Kerala High Court said on Tuesday.
The Supreme Court on Tuesday held as invalid and unconstitutional the legal provision which makes sanction of competent authority mandatory for the Central Bureau of Investigation to probe a corruption case against an officer of joint secretary-rank or above, saying it has the propensity of shielding the corrupt.
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans.
Yuvi came out to bat when Robin Uthappa's wicket fell and he provided the late flourish allowing India to post 218 runs on the board. India went on to beat England by 18 runs.
Ignored for India's first Test against the West Indies at home, Harbhajan Singh was named captain of the Punjab Ranji Trophy team that will take on Uttar Pradesh in their opening encounter at Mohali, beginning November 3.
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
# India performed a hat-trick of bilateral series wins against England at home for the first time -- 5-1 in 2005-06, 5-0 in 2008-09 and 3-0 in 2011-12.
Balbir Singh Sr met MS Dhoni four years ago when the Indian team was at the PCA stadium in Mohali ahead of their World T20 tie against Australia. Singh wanted to convey his good wishes to the team before the game.
Former Attorney general Soli Sorabjee earlier in the day said that the Jallikattu Bill will pose a serious constitutional challenge.
The England and Wales Cricket Board (ECB) has cancelled contracts of the players who were due to participate in the inaugural edition of 'The Hundred' which was pushed to next year due to the coronavirus pandemic. The new 100-balls-per-side format, to be played by eight teams in separate men's and women's tournaments, was scheduled to be held between July 17 and August 15 but had to be postponed because of the pandemic.
The Indian skipper said the innings was so "special" that everything kept coming off while he admitted to being under pressure.
