'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
Nultiple regulators are probing the nexus of scamsters with diamonds after a state-run bank got defrauded of $1.8 billion by designer jeweller Nirav Modi.
A large number of public sector bank employees, as a matter of routine, do not "take" promotions so that they are not transferred out of their hometowns. The eastern region is famous for this, but it is a common practice everywhere, says Shyamal Majumdar.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
The latest updates on the fallout of one of the most daring strikes carried out by the Indian Army, attacking terrorists across the Line of Control in Pakistan-occupied Kashmir.
Kejriwal blames Sukhbir Badal for blast, while Sukhbir, Amarinder blame the AAP chief for it.
Amid reports of an increase in infiltration bids, the Centre on Tuesday directed the Border Security Force to set up a real time intelligence sharing grid and seal all vulnerable points along the Indo-Pak border.
Seventy army installations, including camps, bunkers and posts, have been hit by the devastating floods in the Kashmir Valley but security forces have swiftly relocated the damaged and washed out posts to plug the gaps in the sensitive border areas.
'If there is a technical issue and the borrowers can resolve it within 30 days, you don't have to go through the bankruptcy court.' 'If the borrower is expecting a large disbursal of a facility or expecting a payment or receivables, in such cases it becomes practical to give a window for taking care of such circumstances. 'If banks had aggregated the assets and benefited with a long relationship with borrowers and now when assets get into a trouble, it is incumbent on banks to find resolution and take responsibility.'
In view of the threat perception, the Delhi Police is on the highest level of alert to secure the national capital.
India will issue multi-city short-term visas to Pakistani cricket fans willing to watch their team play during the forthcoming World Twenty20 tournament, including a high-voltage rescheduled match against the hosts in Kolkata.
State capitals and major cities across the country have seen security being beefed up at vulnerable places and key installations.
This is the fifth consecutive day that coronavirus infections have increased by more than 15,000. There has been a surge of 3,38,324 infections from June 1 till date.
Gurmeet Ram Rahim also made an appeal to his followers to go back to their homes, a development which may come as a big relief to security personnel.
India has made arrangements to evacuate all its nationals, mainly students, from violence-hit Ukrainian city of Lugansk to Kyiv, top officials said.
While the formation of a holding company will not outright privatise State-owned banks, officials believe it will help the Centre deflect criticism arising out of the latest banking scams.
The Union Health ministry put the number of positive cases at 82, eight more since Thursday night, which includes the woman and a 76-year-old man from Karnataka who became the country's first coronavirus fatality besides 17 foreign nationals, Health Ministry officials said.
'The Himmatsinghji Report is still 'missing'.' 'It is a great loss for the knowledge of India's borders.' 'It would have an immense value at a time China is bound to shift its attention to other border fronts in the Himalayas,' notes Claude Arpi.
In fresh controversy to the already tainted Indian Premier League, a Rajasthan Royals player has claimed to have been approached by a Ranji player to fix Indian Premier League matches.
Authorities alerted people to avoid staying outdoors and L-G ordered to halt all civil construction activities across the city till Sunday.
With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order.
Around 40,000 Delhi Police personnel, 190 coys (companies) of Central Armed Police Forces and 19,000 Home Guards have been deployed for smooth conduct of election in the national capital, officials said.
Akal Takht head Gurbachan Singh's customary address on the occasion of Diwali drowned in the din on Wednesday amid slogan shouting by Sikh hardliners, even as parallely "appointed" jathedar of Akal Takht also managed to address the gathering but was arrested soon after.
'It can't be a coincidence that he and his family, uncles and all, vanished from India only days before the scam was discovered.'
Jonny Bairstow's composed 89 helped England survive some atrocious top order shot-making and reach 268 for eight at close of play on the first day of the third Test against India on Saturday.
Reserve Bank of India Governor Raghuram Rajan had said recently that there was "no need" to set up a separate bad bank to deal with stressed assets of public sector lenders.
The BJP, however, reacted sharply to Gandhi's remarks saying the Congress leader will do well worrying more about his constituency.
'When people who are safe in their homes think that everything is peaceful -- 'kuch nahi ho raha hai' -- it is because a band of soldiers has already stopped that from happening and the anti-nationals have been neutralised.'
Vijay Keshav Gokhale's tenure as foreign secretary promises to guide India's external affairs along paths never taken before, says K P Nayar.
Manish Kumar Sinha has also alleged that the complainant in the case, businessman Sana Sathish Babu, had told him that Union minister Haribhai Parthibhai Chaudhari had been paid bribes to the tune of several crores of rupees for alleged help in matters related to CBI.
The gross NPAs of some public sector banks, including State Bank of India and Punjab National Bank have crossed 4 per cent of the total assets at the end of March, 2013.
'Shastri told General Chaudhuri, 'I want to reach Lahore before they enter Kashmir'.' 'Today, many regard this initiative of Shastri as the first surgical strike.' A revealing excerpt from Dr Sandeep Shastri's Lal Bahadur Shastri: Politics And Beyond.
Reduce the government stake in public sector banks to 33 per cent, recommends A K Bhattacharya
Decades apart, but the drama linked to the two appears similar, says Nivedita Mookerji.
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
The finance minister has said that United Bank has managed to reduce its non-performing assets.
Towering effigies of 10-headed demon king Ravana, his son Meghnad and brother Kumbhakaran crackled in fiery splendour marking the triumph of good over evil as gusto and fervour marked Dussehra festivities across the country.
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
The Indian Army, the Border Security Force, Hindu temples and the people of India, all have been targetted by fidayeen from Pakistan.
The Central Bureau of Investigation has questioned T K A Nair, advisor to Prime Minister Manmohan Singh, in connection with alleged irregularities in allocation of coal blocks, which included granting of a block to Hindalco at Talabira despite it being rejected by a screening committee of the coal ministry.
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