On Wednesday, Reuters reported India was considering joining Euroclear, the world's largest securities settlement system, with the condition that only long-term foreign investors trade Indian government debt for now.<br />
Earlier this week Reserve Bank Governor Raghuram Rajan came out strongly against "crony capitalism", saying it kills transparency and competition and hence is harmful to free enterprise, opportunity and economic growth.<br />
Rajan said that if two unhealthy banks are merged, the created entity will also be unhealthy and it could create a bigger problem in the economy.<br />
Bankers accepted money for wrongdoings through middlemen. In several cases bankers either offered loans to corporations violating prudential norms or facilitated illegal transactions involving huge amounts.
Vijay Mallya-promoted Kingfisher Airlines has an outstanding debt of about Rs 4,022 crore to a consortium of banks, led by SBI. <br />
The Central Bureau of Investigation (CBI) on Tuesday said it has found irregularities in the appointment of S K Jain as the chairman and managing director of Syndicate Bank during the regime of United Progressive Alliance government, marking a significant turn in the Syndicate bank bribery case.<br />
The Reserve Bank is looking intoparticulars of more than 34,000 firms allegedly runningbusinesses on lines of Non-Banking Financial Companies
Analysts expect a quarter of the total restructured loans to turn bad in the absence of economic revival
Earlier in June this year, RBI had raised the remittance limit for individuals to $125,000 per year from previous limit of $75,000 and later on eased it further by allowing the use of same for buying immovable property overseas.<br />
Accused Vineet Godha, Puneet Godha and Vijay Pahuja were produced before the court after expiry of their police custody and the agency moved an application saying they be remanded to judicial custody.
The reasons for Bhushan Steel's financial ill-health were not necessarily attributable to genuine industry issues
Net interest income of the bank increased 15 percent to Rs 13,252 crore
With a stable government at the centre and positive growth indicators, bankers are expecting a reversal in the bad loan scenario
Here are three fundamental factors that could lead to Syndicate Bank-like instances in other government banks.
The former chief economist at the International Monetary Fund compared the current global markets to the 1930s - a period marked by the Great Depression.<br />
Net interest income, the core income of the lender, fell by 15 percent to Rs 1,250 crore
Rajan's message is one of calm caution. He believes things are moving in the right direction, but does not want to act prematurely and make a fool of himself in case CPI gets out of hand again
The RBI move is in line with market expectations
A status-quo in the key lending rate is the most likely outcome of today's policy according to majority of the economists
The Securities Laws (Amendment) Bill, 2014, aims to empower capital market watchdog Securities and Exchange Board of India (Sebi) by giving powers such as authority to seek call data records.<br /> <br />
This isn't the first time the top executives at state-run entities have been charged in graft cases. Here are some of the other past instances where top executives from government-owned corporations had run-ins with the law.
The development could result in a significant slowdown in bank lending to corporations in the coming months
We have mollycoddled industrial loans long enough. It is time we read the riot act to our industrialists. Jaitley does not have to legislate afresh. He must ask banks to dust up Securitization Act, 2002.
The jump in net profit cheered investors who pushed up the shares of Union Bank 7.03 percent in the intraday
Some of the bankers, who met Jaitley in Delhi, said the target is as "uphill" task to achieve in a period of one year and there are cost implications on rolling out such large number of accounts in rural areas
Money raised through such bonds will be used to fund infrastructure projects and affordable housing projects in the country.
In the absence of an economic boost and timely removal of structural bottlenecks, there is a clear danger of bad loans emerging from the restructured loan pile.
ICICI Bank posted a net profit of Rs 2,655 crore in April-June beating an estimate of Rs 2,573 crore forecast by analysts in a CNBC-TV18 poll.
The bank's provisions witnessed a sharp 22 percent jump on year
The government is making preparations on war footing to push its mega plan of distributing 15 crore free bank accounts with benefits to unbanked citizens in the far-flung areas of the country.<br />