More than managing the complexity of a financial system, the biggest challenge of a central banker is to fight politically sponsored populist ideas being rolled out by incumbents time to time to appease their vote bank.
The RBI's fresh missive will push Chief Minister N Chandrababu Naidu into an awkward position as he claimed credit for "achieving" the loan rescheduling.
After the Rs 70,000 crore farm loan waiver in 2008, Indian state-run banks are set to bear the burden of yet another politically sponsored loan waiver programme.<br />
Finance Minister Arun Jaitley is scheduled to hold his first meeting with all the heads of the public sector banks on July 31
SBI is planning to sell shares in its insurance and asset management subsidiaries
In the past too, the government has explored possibilities of merger of weak state-run banks with stronger ones, but the efforts haven't materialised.
Net profit of the bank rose to Rs 1,362 crore, up 17%, in the June quarter, compared with Rs 1,168 crore in the corresponding quarter last year, beating a CNBC-TV18 poll estimate of Rs 1,195 crore.<br />
Your private data and information is now in too many hands and there is almost nothing you can do about it if it falls in the wrong hands. We need a strong privacy protection law to protect citizen data
State-run banks are more prone to bad loans since traditionally they lend to high-risk lending
The bank's provisioning during the quarter stood at Rs 927.61 crore, down 13 percent from a year ago
The RBI has removed a limit which never existed in the first place
Non-banking financial companies or NBFCs do not posses a banking license, but are allowed to provide banking services with the restriction of not taking deposits from the public.<br />
Private equity (PE) firms invested $1,944 million across 88 deals during the quarter ended June 2014, down from the last quarter.
The list has been prepared based on the banks' asset size, subsidiary operations and branch network
The lender witnessed a marginal increase in its bad loans. Gross non-performing assets (NPAs) of the bank rose to 0.33 percent of total loans as compared with 0.22 percent in the corresponding period last year.<br />
NSE Nifty hit a new record high at 7,809 in morning trade lead by gains in Bank of Baroda, Punjab National Bank, SBI and ICICI Bank, while the Sensex rose 144.71 points to 26170.51 after hitting the day's high of 26188.64.<br />
Total provisions of the bank stood at Rs 386.60 crore, down a sharp 46 percent from a year ago
Sources said that the government is considering tax relief for debt-based mutual funds and redemptions in some schemes may even get tax relief.
The central bank has set up an internal committee to examine Islamic banking regulations
For every solemn law, there is a loophole. Mutual back scratching on the stealth is the name of the game.
Reacting to the robust numbers shares of HDFC were up 3.15 percent at Rs 1012 on the BSE
Some of the hurdles for merging HDFC and its bank are gone with the relief given from CRR and SLR requirements. But an immediate merger wouldn't deliver benefits beyond size and valuations
A clearer picture will emerge only after larger state-run banks announce their earnings
HDFC Bank, the country's second largest private sector lender, today disappointed with lower than expected rise in net profit.
Those against it argue that allowing Islamic banking could encourage some of the fundamentalist elements in West Asia to find ways to use Islamic banks to funnel cash for unlawful activities.
The BRICS New Development Bank is not just a bank. It is another signal that the node of economic power is shifting away from the west, and will impact all post-war political and economic institutions
Modi's new comprehensive financial inclusion programme has three major shifts from the one pursued by the previous government.
The RBI has opened not just a window, but several doors for new banks. They will be differentiated, and potentially help bring down banking costs as they threaten the existing bank oligopolies.
The proposed payment banks are mainly transactional banks, while smaller banks, as the name suggest, will cater to tiny companies and small value customer segment.<br />
The Postal department has been fighting hard to enter the banking space, but has consistently failed to do so, caught up in a bitter, long-drawn battle with the finance ministry. Part of the reason why Postbank wants to become a bank is improving its financial prospects.