The EIB has supported long-term investment across India that has helped the country harness renewable energy, strengthened industry and reduced carbon emissions.
As per the proposal, the banking sector deposits which have not been claimed for 10 years or more will be transfered to 'Depositor Education and Awareness Fund Scheme'.
Tax shortfall: Finmin asks banks to deposit March TDS by month end.
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
India's economy grew at 7.6 per cent in 2015-16.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.
'The Street is divided on when we could recover from demonetisation.' 'The government believes it is a pain at best for two quarters.' 'Some analysts feel the impact could be felt for two-three quarters and some that it could last for 12 to 15 months.' 'Investors are stuck in a no-action zone.'
Today, it holds $131 billion in assets under management.
Raghuram Rajan's 'surgery' uncovers more bad loans
Banking secot to see major changes by 2020.
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Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
Bahujan Samaj Party chief Mayawati on Sunday cautioned voters that neither an Samajwadi Party-Congress alliance nor a united SP can check Bharatiya Janata Party and that only her party would render a crushing blow to Modi government by defeating the saffron party in Uttar Pradesh so that it does not take "immature" steps like the note ban.
2013 foreign currency non-resident deposits to mature in Sep-Nov
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
On February 22, 2013, the Reserve Bank of India issued guidelines on 'Licensing of New Banks in the Private Sector'.
Percy Mistry says things at market regulator Sebi are also in bad shape.
The revival of long-term growth is highly dependent on the revival of private investment.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
India Inc has high hopes from the upcoming Budget.
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
'Lending to Mr Mallya was the bankers' season ticket to corridors of power and glamour. Borrowing from them was like a favour Mallya did to them,' says Shekhar Gupta.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
The Nifty had hit its third successive record high of 7,922.70 today.
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
If the high security notes introduced in 2015 were kept in the system, the pain due to demonetisation can be ameliorated to a certain extent. But unfortunately, such thought process have no place in the hasty demonetisation decision.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
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