The central bank has ordered lenders to clean up balance sheets by March 2017
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
New technologies such as block chain are throwing up new opportunities; so the axe is bound to fall on those who are still stuck in the past and not reskilling themselves, says Shyamal Majumdar.
It is also learnt that Deutche bank has initiated a search for a new head of its private wealth management business in India
This was the second consecutive yearly outflow from such funds.
At gross level, MFs mobilised Rs 43.67 lakh crore (Rs 43.67 trillion) in August.
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
The strong inflow in MF schemes coincided with a gain in BSE's benchmark Sensex by two per cent last month.
Bollywood starlet Rakhi Sawant who is contesting from Mumbai North West seat has declared herself an "illiterate" with total assets of Rs 14.69 crore.
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
Firebrand Aam Aadmi Party leader Shazia Ilmi has declared a liability of Rs 59,000 as power bill dues even as she holds assets of over Rs 4.42 crore.
Gold exchange-traded funds (ETFs) have further lost favour among Indian investors.
Many of India's sleepy state banks don't have the management capacity they need to tackle bad debts and deals at the same time, says Una Galani.
Reliance Industries will announce its unaudited financial results for the third quarter ended December 31, 2003 on Thursday, January 29, 2004.
Out of the 167 candidates, 54 are crorepatis. Manipur Election Watch and Association for Democratic Reforms ADR said.
The RBI is exploring ways to allow banks more flexibility in loan restructuring.
Bank of Baroda is likely to merge its housing finance arm with itself in view of duplicating loan portfolio and increased cost of deposits and the need to maintain separate capital adequacy for BoB Housing Finance.
The Attorney General said that Mallya has not disclosed full details of his assets.
Among India's capital-starved local banks, Essar is viewed as too big to fail.
What was recovered from Bhajiawala family: Rs 1.45 crore cash, of which about Rs 1.05 crore was in new currency notes, bullion worth Rs 1.49 crore, gold jewellery valued at Rs 4.92 crore, other ornaments worth Rs 1.39 crore and silver ingots priced at Rs 1.28 crore.
The parents of Brazil forward Neymar have denied any wrongdoing after a judge froze 188.8 million reais ($47.6 million) of the player's assets in a tax evasion case.
The Shiv Sena is leading currently in terms of criminal candidates. Out of the 14 declared by them in the first list 12 have a criminal background, as per the Association for Democratic Reforms.
National Demorcatic Alliance ministry's list of assets is fairly wide -- from land and property to vehicles and, for quite a few, guns. Nivedita Mookerji reports
According to highly placed AICC sources, yesteryear Tamil actress Khusboo is being tipped to be the next president of the Tamil Nadu Congress Committee.
As per the latest data available with the Securities and Exchange Board of India, there was a net outflow of Rs 59,726 crore (RS 597.26 billion) in June as against a net inflow of Rs 1,46,094 crore (RS 1,460.94 billion) in the previous two months.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances