A relook at the KYC norms on handling of bulk deposits/ large value term deposits is critical. The reasons that led to the Dena, OBC scams applies to the whole system; hence the solution be worked out at systemic level.
The rise in public sector bad loans and the recent scams involving fraud at Syndicate Bank, Dena Bank and Oriental Bank of Commerce, the Modi government should not longer shun the P word - privatisation
The government and RBI have said state-run banks alone will need over Rs 2.4 trillion capital by FY19 to meet the Basel III capital norms.<br />
Under the subvention scheme, the government shares the interest burden on a loan for the particular target segment and such schemes exist of a slew of sectors, including agriculture.<br />
The Prime Minister announced that the government would be doing away with the Planning Commission.
This compares with a surplus transfer of Rs 33,010 crore last year. The central bank said the transfer will take effect on Monday.<br />
The annual remuneration of telecom major Bharti Airtel's founder-Chairman Sunil Bharti Mittal dropped by about 45 lakh or 1.8 per cent to Rs 23.88 crore in last financial year.
Apart from UK-based Tesco Plc, the government has not received any other proposal for investment in the country's multi brand retail sector so far, Parliament was informed today.
It was alleged that this issuance in April 2007 had resulted in diluting the pre-issue paid-up equity share capital of RIL, but the company repeatedly failed to disclose a key earnings ratio for as many as six quarters.
Rajan, well known within the RBI for pragmatism, now must work with the government of Prime Minister Narendra Modi, which understands the need for and wants a lower inflation, but doesn't see the value in hard targets.
SBI has Rs 6,000 crore exposure to Bhushan Steel
RBI governor, Raghuram Rajan has spoken out once more against competitive monetary policy easing by central banks, especially by the Fed and ECB. In an interview with London based 'Central Banking Journal' he commented on potential global markets crash on the back of competitive central bank easing.<br />
According to the data released by SIAM, domestic passenger car sales stood at 1,37,873 units in July this year as compared to 1,31,257 units in the same month of 2013.<br />
The company will re-start Yamaha Motor India Pvt Ltd (YMI) as the regional control company for India operations.
Market researcher IDC has said Q1 2014 showed signs of growth as compared to a lacklustre Q4 2014, promising hope for the Ethernet Switch and Router Market in India.
By gradually phasing out SLR, the RBI is taking Indian economy out of the so-called financial repression.
The government simply does not have the resources to recapitalise public sector banks to comply with Basel III norms. It will be forced to bring government stakes below 51 percent
India's ultra rich ( individuals with an annual income over over Rs 3 crore) rose 16 percent to 1.17 lakh during 2013-14 with gold and jewellery remaining the single largest area of spend.<br />
The Budget inherited the targeted fiscal deficit of 4.1 per cent of GDP, down from 4.5 per cent in the previous year, the review said.
More than the Fema violation angle, the critical question is whether StanChart attempted to flout the Indian laws to acquire a significant stake in a local bank without the RBI's approval
In the recent years, banks have been risk-averse to lend to the aviation sector on account of its high-risk nature, especially after the Kingfisher loan default
The government has no business to be in the business of public banks or any private company. It must stay away from the Spicejet episode.
RBI alone cannot revive the infrastructure sector on its own. The efforts needed to be complemented by reforms from the part of government
The economy's problems - lower IIP amidst falling prices - may have something to do with expectations. Too much belief that "achche din" will be in the future may be killing present demand
In the wake of growing interest in debt market, capital markets regulator Sebi is considering putting in place a new mechanism for surveillance of debt instruments traded on the stock exchanges.