Banking (India)

The CEO of one of India's biggest banks is being forced out

One of India's most prominent bankers is being forced out of his job after more than 14 years.<p>Yes Bank announced Friday that India's central bank had ordered its founder and CEO Rana Kapoor to step down in January 2019.Its shares crashed nearly 30%, wiping around $3 billion off the bank's market …

Business (India)

RBI announces norms for joint priority sector lending by banks, NBFCs

The sharing of risks and rewards between these entities should be in a manner that enables appropriate alignment of respective business objectives, …

Business (India)

Where are the "good days"? Challenges mount for Modi

NEW DELHI/BHOMADA, India (Reuters) - Narendra Modi swept India's 2014 general election with the slogan "Achhe din (good days) are coming".<p>Four years later, as Prime Minister Modi mobilises to win re-election in May, he and his Bharatiya Janata Party (BJP) are being buffeted for a lack of jobs, …

Business (India)

Chidambaram slams govt for its ‘heavy-handed’ approach towards NPA

In its Financial Stability Report (FSR), the RBI has said stress in the banking sector continues as gross non-performing advances (GNPA) ratio rises …

Reserve Bank of India

Google Pay clarifies on privacy policy, following Paytm's notice to NPCI

Just a day after Indian payments behemoth Paytm’s notice to Indian retail payments organisation National Payments Corporation of India (NPCI) raising …

Google Pay

Reserve Bank of India alert as NBFCs stare at debt defaults

Non-banking finance companies are facing a tough time with regard to recovery from big projects and that the Reserve Bank of India is aware of their …

Bank of India

This Chennai bank is the perfect case study on how to crush the bad loans problem

<b>Indian Bank is the rare public sector bank with the least NPAs and consistent record of reporting profits.</b><p><b>New Delhi:</b> For years, mid-sized and smaller …

Business (India)

Yes Bank shares tank 29%

Shares of private sector lender Yes Bank tanked almost 29% on Friday after the Reserve Bank of India (RBI) extended the term of its managing director …

Business (India)

Fitch raises India's 2018/19 growth forecast to 7.8 percent: statement

NEW DELHI (Reuters) - Fitch Ratings has upwardly revised its forecast for India’s economic growth to 7.8 percent from 7.4 percent for the current financial year ending in March 2019, it said in a statement on Friday.<p>A labourer works on the construction site of a residential building in Mumbai, …

Business (India)

Audio master: AR Rahman’s 1990 masterwork ‘Thiruda Thiruda’ is still stealing hearts

‘Chekka Chivantha Vaanam’ marks AR Rahman’s fourteenth soundtrack for Mani Ratnam. Here’s to their second collaboration.<p>In the early 1990s in …

Entertainment (India)

Interest Rates Of Key Banks On Fixed Deposits Below 1 Crore Rupees

Leading banks like State Bank of India (SBI), ICICI Bank, HDFC Bank and Bank of Baroda (BoB) offer the facility of opening a fixed deposit.<p>Bank fixed …

Business (India)

Fitch raises India's FY19 GDP growth forecast to 7.8%

New Delhi, Sep 21 (IANS) US multinational Fitch Ratings on Friday raised India's GDP growth forecast for the current fiscal to 7.8 per cent, up from …

Business (India)

Data privacy, digitisation are growth drivers, says Dell EMC official

Heightened awareness about data in the backdrop of tougher privacy policies and the government’s digitisation push are factors driving growth for D

Online Privacy

The new normal

Government, industry will have to live with rising crude prices, strong rupee and now, expensive credit.<p>By: | New Delhi |<p>There were three things …

Business (India)

Sebi allows NRIs, resident Indians, OCIs to invest in India via FPI route

Indians allowed to invest through LRS route; regulator says KYC compliance for FPIs has to be as per PMLA

Business (India)

Banks up the ante to cover cost of cyber attacks

Express News Service<p>BHUBANESHWAR: Having paid heavily for cyber attacks like the one on Cosmos Co-operative Bank, lenders are increasingly opting for …

Cyber-attacks

IL&FS Fin Bawa Resigns: IL&FS Financial Services Chief Ramesh Bawa Resigns Amid Financial Troubles

Earlier, ICRA had junked IL&FS Financial Services’ commercial papers worth Rs 4,000 crore to default. It has a standalone debt of Rs 17,000 crore.<p>The …

Financial Services

Sensex crashes 1,100 points, recovers in wild trade: 10 points

DHFL shares ended 42% lower at Rs 351, recovering from a nearly 60% intraday drop.<p><b>New Delhi:</b> It was a nerve-wracking day for investors. The benchmark …

Stock Markets

India stock market slides as financials slump

India's stock market, as measured by the S&P BSE Sensex benchmark, fell as much as 3%--its biggest intraday move in more than four years--after a …

Stock Markets

Three-day property expo begins

Living Spaces - 2018, a three-day property expo presented by <i>The Hindu</i> Group, took off at Codissia Trade Fair Complex on Friday.<p>Inaugurating the fair, …

Business (India)

Investors Look Past Trade War Amid Risk-On Sentiment: EM Review

Emerging-market stocks, currencies and bonds were unfazed by an escalation in the U.S.-China trade dispute, rising for a second week as the dollar …

Central Banks

RBI Must State Upfront Why It’s Asking CEOs Like Yes Bank’s Rana Kapoor To Go

Snapshot<p>The RBI is not exempt from giving us its reasons for nudging two of India’s most celebrated bank CEOs towards the exits, when both have …

Business (India)

QBiz: SEBI Eases KYC Guidelines; Sudden Plunge in Stock Market

1. Relief for FPIs as Sebi Eases KYC Guidelines<p>The Securities and Exchange Board of India (Sebi) on Friday, 21 September, relaxed know-your-client …

Business (India)

Inc42 Media's answer to What's the future of Blockchain in India?

If we look at the Blockchain technology from the law of diffusion of innovation, it is currently in ‘Early Adopters’ category and looking to hit the …

Blockchain

SBI Clerk (Junior Associates) Main Result out at sbi.co.in. Check Now!

The SBI Clerk (Junior Associates) Main Result is crucial for the participants as these are the marks based on which the merit list will be prepared …

Business (India)

IL&FS Financial Services MD & CEO Ramesh Bawa, independent directors quit

Heads have started rolling at crisis-ridden Infrastructure Leasing and Financial Services (IL&FS) group. Ramesh Bawa, managing director and chief …

Financial Services

Rupee Rises For Second Day, Closes At 72.20 Against Dollar: 10 Things To Know

The rupee touched its highest level in more than two weeks to return to 71 levels against the US dollar on Friday.<p>The rupee rose 17 paise against the …

Business (India)

Post-crisis measures damaged stability of emerging markets | Financial Times

Merryn Somerset Webb’s article (“ A post-crisis cure that has stored up economic pain”, FT Weekend, September 15-16), is interesting if only because …

World News

Small savings expected to be an attractive alternative to bank deposits, says ICRA

Credit rating agency ICRA expects small savings schemes to provide an attractive alternative to bank deposits in the coming months.After remaining un

Business (India)

PSS Amendment: Why Does Govt Want Payments Board To Be Made Independent Of RBI?

The Payment and Settlement Systems Act 2007 (PSS Act 2007), despite having gone through a series of amendments, <b>continues to remain a point of</b> …

Business (India)