The top 50 exposures, amounting to Rs 7.8 trillion, of government-registered non-banking financial companies (G-NBFCs) constitute about 40 per cent of corporate credit within the NBFC sector, indicating concentration risk, according to the Reserve Bank of India's report "Trend and Progress of Banking in India 2022-23". Notably, all the 50 are tied to the power sector, a domain fraught with inherent challenges, the report said. The report highlighted recognising the escalating systemic importance of G-NBFCs, the Prompt Corrective Action (PCA) framework had been expanded to include G-NBFCs excluding those falling within the base layer.
Of the 15 car manufacturing companies in India, eight have a market share of below 2 per cent, raising questions about their long-term future in a competitive market that has already seen Ford Motors and General Motors slam the door on India.
The Supreme Court on Monday sought response of former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman husband Deepak Kochhar on a plea of the CBI challenging the interim bail granted to them by the Bombay high court in a loan fraud case. A bench of Justices Aniruddha Bose and Bela M Trivedi issued notice on the plea of the CBI and sought the response of the couple in three weeks.
The decision to play the match behind closed doors was taken in the wake of rising COVID-19 cases in and around Mohali and also taking into account that most of the Indian players will be linking up with their respective IPL squads just after the end of the second Test in a bubble-to bubble transfer.
Will the young gun survive Virat Kohli's comeback?
The Supreme Court on Tuesday questioned the CBI over not objecting to repeated extension of the two-week interim bail granted in January this year to former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman husband Deepak Kochhar in a loan fraud case. A bench of Justices Aniruddha Bose and Bela M Trivedi asked Additional Solicitor General SV Raju, appearing for the CBI, as to why the probe agency did not resist repeated extension of interim bail granted to them by the Bombay high court on January 9. "This order is of January 9 and interim bail was granted for only two weeks. Why have you not resisted? Why are you permitting it to continue for such a long period?
The petition came up for hearing before a bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula which granted time to the petitioners' counsel to place certain judgments on record.
England's county cricketers will forgo 1 million pounds ($1.24 million) in prize money and take pay cuts in April and May to help protect the domestic game during the COVID-19 pandemic, the Professional Cricketers' Association (PCA) has said. England's centrally contracted men's players have already donated an initial 500,000 pounds to the ECB and selected good causes,
Bangladesh won the Champions Trophy warm-up match by seven wickets.
on-up Anmolpreet Singh dished out an unbelievable exhibition of power-hitting before India seamer Arshdeep Singh used all his experience to power Punjab to their maiden title triumph in the Syed Mushtaq Ali Trophy T20 tournament after a 20-run win over Baroda in Mohali on Monday.
The arbitration of any court is legally binding and the government) can approach the Singapore high court.
With an estimated cost of over Rs 500 crore, BCCI is planning a massive upgrade to the stadiums, ahead of the ODI World Cup in October-November in India.
Kohli has smashed 8,007 runs from 100 Tests at a remarkable average of 50.35.
Green top scored for Australia scoring 61 off 30 balls hitting eight fours and four sixes. Matthew Wade too scored an unbeaten 45 off 21 balls to take the World Champions across the finish line.
Kailash Avhad told Rediff.com that when he appeared before DCP Sandeep Palve, the police officer expressed anger at his RTI applications, caught him by the collar, banged his head against the wall and rained blows behind his ear. He then forced Avhad to touch his feet in apology.
BCCI uploaded a video where Virat Kohli can be seen carefully listening to what Yuvraj Singh is saying.
Punjab Kings, who have been guilty of throwing it away in the past, are making a conscious effort to raise their game as the tournament progresses.
Narayan Jagadeesan followed up his double ton in the previous game with a magnificent triple century to help Tamil Nadu declare their first innings
The prices of the tickets per day has been kept at Rs 1250 (Grand Terrace), Rs 750 (E-Executive), Rs 500 (D Corporate) and Rs 100 respectively.
RBI may be inclined to impose severe restrictions on lending in the coming quarters.
The Cabinet on Wednesday gave in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank in line with the Budget announcement earlier this year. The central government and LIC together own more than 94 per cent equity of IDBI Bank. LIC, currently the promoter of IDBI Bank with management control, has a 49.21 per cent stake. The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the strategic sale of IDBI Bank, an official statement said on Wednesday.
Vihari capitalised on the opportunity by playing a knock of 58
The tweet did not just accurately predicted Kohli's score, but also the wicket-taker
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
The Madras high court on Thursday ordered issuing notice to deposed All Indi Anna Dravida Munnetra Kazhagam leader and former Tamil Nadu Chief Minister O Paneerselvam and his relatives on a criminal revision case initiated on its own, relating to their discharge in a disproportionate wealth case by a trial court in 2012.
Maxwell scored unbeaten five runs and picked two wickets to help his club Fitzroy Doncaster secure a win over Geelong. On the other hand, Maddinson played a knock of 58 for St Kilda to beat Casey-South Melbourne.
Royal Challengers Bangalore pacer Mohammed Siraj grabbed four wickets to lead his side to a 24-run win over Punjab Kings.
The recapitalisation, the finance minister said, will enhance the lending capacity of state-owned banks and help them come out of RBI's Prompt Corrective Action framework.
Match-fixing seems to have spread its root deep into English county cricket with at least two more players and an official reporting approaches by bookmakers to the Professional Cricketers' Association, according to media reports.
New norms are in place to strengthen regulations for this set of lenders which has been playing a critical role in Asia's third largest economy, notes Tamal Bandyopadhyay.
The Saurashtra all-rounder said this performance has boosted his confidence immensely.
The Punjab Police said a comprehensive security plan has been worked out for the Mohali match against Pakistan.
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
The Supreme Court on Thursday upheld the validity of the Tamil Nadu law allowing bull-taming sport "jallikattu" in the state.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
Hardik Pandya said that the team was not able to execute its plans and deliveries.
Images from the IPL 2023 match between Punjab Kings vs Kolkata Knight Riders in Mohali on Saturday.
The interim finance minister said the Insolvency and Bankruptcy Code was helping in recovery of non-performing loans.
After a career spanning nearly 36 years as cricket administrator, Inderjit Singh Bindra decided to withdraw from the cricket affairs and in his place PCA vice-president and senior IAS officer, DP Reddy took over with immediate effect.
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
