Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
A bench of Justice Vibhu Bakhru, which later decided to hear the matter on Thursday again, also said that the ailing airlines can be allowed to be represented by a lawyer in the proceedings to be conducted by the PSU bank against it.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
Indeed, this is one policy area where the Modi-led government is different from the one that was headed by Atal Bihari Vajpayee.
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
The steep fall in rupee came on a day when the Reserve Bank of India in its first quarter review of monetary policy kept the all key rates unchanged but cut the gross domestic growth forecast to 5.5 per cent for FY'14 from 5.7 per cent earlier.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
Mixed global cues and decline in crude oil prices further dent the sentiments.
The global brokerage firm believes that CRR cut is likely to help cut lending rates and revive growth sentiments.
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
The market sentiment was also impacted by mixed global cues as setbacks for a healthcare overhaul in the US raised doubts over prospects for a range of reforms backed by President Donald Trump.
The consolidated entity can target good growth FY18 onwards, analysts say.
'Under Modi Ji's 'Jan Dhan Loot Yojana', another scam!' he tweeted.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Have conviction in your bets and use stop-loss as a defence mechanism to curtail losses.
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Banks had a tough time in recovering loans from corporates in 2014.
Banking services are likely to be affected for the next four days as employees of PSU banks plan to go on a zone-wise relay strike beginning with Southern region from Tuesday, after wage revision talks failed.
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Jaitley said growing at 8-10 per cent for a significant number of years will help India find an answer to poverty.
A fall presents an opportunity to buy rate-sensitive stocks.
In the last fiscal, the government had originally budgeted a dividend income of Rs 27,178 crore (Rs 271.78 billion) from PSUs.
The comments come about a week after PSU bank employee unions went to a four-day relay strike to press for early revision of wages.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
The short answer, as usual, is I don't know. But this is what could happen in the next one year...
Oil tanked to a 7-year low as OPEC decided to maintain production.
With inflation down, the government's twin deficits are largely under control.
The gross non-performing assets of public sector banks rose to 6.03% at the end of June.
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
Price correction over post-election peaks could throw disinvestment calculations awry.
Most expect the Budget to be path-breaking.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
'Then why should people like us face this inconvenience?'
Government hits back, tells rating agency to introspect on processes.
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