Central Bureau of Investigation on Wednesday registered a record number of 46 cases in a day in connection with its probe in the Rs 10,000-crore Saradha chit fund scam naming Trinamool Congress' sitting Rajya Sabha MP Kunal Ghosh as one of the accused.
The improvement in business conditions promoted job creation, while confidence towards the year-ahead outlook for activity was at a four-month high during March.
Their research paper on aid by rich nations got leaked
Did you know that women can avail for a loan of upto Rs 20 crores to set up a manufacturing business?
They have also been accused of extending loans for criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.
Bandhan financial Services will raise funds via internal accruals.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
High rates of such schemes deter banks from dropping borrowing rates - and thus lending rates
Ananthasubramanian, 55, started her career in 1982 at Bank of Baroda as a specialist officer in the planning stream.
Risks are increasing with 55 times increase in such transactions over the past three years, says a Assocham-PwC report
Many banks are contemplating to set up additional counters for withdrawal to meet the rush
As the House took up the debate on Motion of Thanks on the President's Address, the Bharatiya Janata Party launched a frontal attack on opposition parties specially the Congress for their stance against the CAA, saying they were trying to divide the nation.
Go for high quality and low-to-medium-duration funds in your debt portfolio
Debt fund managers think the Reserve Bank governor might at best go for one rate cut in April.
NSC scores high on all three parameters that conservative investors are seeking -- safety, tax-adjusted returns and liquidity.
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.
Choose insurance from stable companies that have been in the business for a long time
Broader markers outperformed their larger peers.
'Make every trip feel like an escape' says the Uber website. Ironically, it remains to be seen how the company can get away from this controversy.
The West Bengal chief minister also accused the PM of 'removing crucial files' related to demonetisation.
The issuance of NBWs by a court also opens door of seeking Red Corner notices against both of the accused from the Interpol.
The event will also hurt PNB's asset quality in the March 2018 quarter. While the finer details of the fraud have not been provided, making it difficult to gauge the exact impact, analysts say it will dent the bank's financials.
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
V Vaidyanathan, former executive director at ICICI Bank who turned entrepreneur to run Capital First, an NBFC that caters to smaller businesses, tells Pavan Lall in an exclusive interview that his new entity post the merger of Capital First and IDFC Bank which will be called IDFC First will launch by January and cater to a new India with value services.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
'You cannot start an MSME again.' 'It is not like a Yes Bank that someone comes and saves the bank.' Once the shutter is down for an MSME, nobody will come to its rescue.'
Analysts say strengthening bank's capital will boost earnings, bank needs chief with long stint to run show
'The Chinese devalued the yuan initially but then stopped'.
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
'Four times in Indian history, in 1992, 2000, 2007 and now, markets are at 25 times price-earnings.'
New Arunachal Pradesh Chief Minister Kalikho Pul on Thursday proved his majority on the floor of the assembly with the support of 40 MLAs.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
Soon, one will be able to pay utility bills at the local supermarket, while buying groceries, with the RBI allowing the setting up of payment banks.
The State Bank of India has proposed to the RBI to allow it to charge mark-to-market losses on its balance sheet.
Private lender Kotak Mahindra Bank Ltd said on Thursday its board had approved the acquisition of local rival ING Vysya Bank Ltd, in which Dutch lender ING Groep NV owns about 43 per cent, in an all-stock deal.
TCS will have to deliver higher revenues in the succeeding quarter of FY15.
'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.
