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George Mathew
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RBI opposes Govt plan for separate payments regulatorSubscriber Only
October 20, 2018 04:40 IST
Slamming the government’s move to make PRB an independent regulator, the RBI said, “The composition of the PRB is also not in conformity with the announcements made in the Finance Bill by the Finance Minister.”
Sat, Oct 20, 2018Data Storage: As deadline ends, many firms yet to comply with RBI normsSubscriber Only
October 16, 2018 03:30 IST
Payment firms like Visa and MasterCard which currently store and process Indian transactions outside the country fear that shifting the data storage to India will cost them millions of dollars.
Tue, Oct 16, 2018
Data Storage In India: Visa, Mastercard among 15 payment firms yet to comply with RBI normsSubscriber Only
October 12, 2018 02:47 IST
According to top-level government sources, out of about 78 payment firms, around 62 have complied with the RBI directive and set up local data storage systems in India.
Fri, Oct 12, 2018
Under conflict of interest and nepotism cloud, Chanda Kochhar quits ICICI BankSubscriber Only
October 05, 2018 04:30 IST
The board decided to appoint Sandeep Bakshi as Managing Director & Chief Executive Officer. His appointment will be for a period of five years until October 3, 2023, subject to regulatory and other approvals.
Fri, Oct 05, 2018
Sandeep Bakhshi: An ICICI hand for more than 32 yearsSubscriber Only
October 05, 2018 02:45 IST
Bakhshi has extensive experience of leading both corporate and retail businesses across the ICICI Group.
Tue, Dec 01, 2020Chanda Kochhar: The CEO who rose through the ranks at ICICISubscriber Only
October 05, 2018 02:39 IST
Before the story of Chanda’s conflict of interest and quid pro quo broke, pressure had also started building with the divergence in its numbers following the asset quality review by the RBI and build up of bad loans.
Fri, Oct 05, 2018
We tried to bring in strategic investor, special audit, but nothing worked: Ex-IL&FS DirectorSubscriber Only
October 04, 2018 02:25 IST
The ousted board, in a last-ditch attempt, planned a special audit of the group to ascertain the real assets being held by group companies in the wake of a series of defaults.
Thu, Oct 04, 2018
IL&FS mess got deeper but its top risk committee never met in last two yearsSubscriber Only
October 03, 2018 04:55 IST
On Monday, the government said there is deep-rooted mismatch in the debt-equity ratio because of excessive leveraging which has put a question mark on its ability to continue in the hands of the present management.
Wed, Oct 03, 2018
Revamp plan: Government steps in, names a new board for IL&FSSubscriber Only
October 02, 2018 04:42 IST
On September 24 and 26, IL&FS Financial Services had defaulted on repayment of commercial papers. Over Rs 5,700-crore worth of debt is due for repayment over the next one year.
Tue, Oct 02, 2018IL&FS: Institutions get a breather, board revamp to ease pressure on lendersSubscriber Only
October 02, 2018 02:35 IST
When contacted, the top official of a financial institution said: “We have escaped (from bailing out IL&FS) for the time being. It was a good decision by the government to reconstitute the IL&FS board.”
Tue, Oct 02, 2018Annual General Meeting: To stay afloat, Infrastructure Leasing & Financial Services unveils 3-pt strategySubscriber Only
September 30, 2018 01:27 IST
Revamp plan on cards; no concrete plan on funding by institutions; shareholders express concern.
Sun, Sep 30, 2018
IL&FS defaults, NBFC whiplash: understanding the debt market crisisSubscriber Only
September 26, 2018 01:43 IST
The panic in the fixed income market due to the IL&FS default has led to a liquidity freeze, and fund managers say it is putting pressure on the equity markets too, especially on HFC and NBFC stocks.
Wed, Sep 26, 2018
There’s no cause for concern on IL&FS: SBI Chairman Rajnish KumarSubscriber Only
September 24, 2018 03:22 IST
There’s no cause for concern. Some solution will have to be found out. We have much bigger problems in other sectors. Resolution will happen in the IL&FS. IL&FS will have to come out with a package.
Mon, Sep 24, 2018
Free fallSubscriber Only
September 23, 2018 00:10 IST
With the rupee hitting an all-time low of 72.98 against the US dollar on September 18, The Indian Express examines what a weak currency means for the national economy — and personal finance.
Sun, Sep 23, 2018
Shareholders of IL&FS yet to decide on bailoutSubscriber Only
September 20, 2018 00:42 IST
The promoters and shareholders are expected to reveal their funding plan by September 29. IL&FS has indicated that it was open to the idea of bringing in a strategic investor to put the group back on track.
Thu, Sep 20, 2018
BoB, Dena Bank, Vijaya Bank Merger: Bankers say consolidation good for public sector banksSubscriber Only
September 18, 2018 01:33 IST
Vijaya Bank posted a 43.3 per cent decline in net profit at Rs 144.34 crore for June quarter even though NPA ratio improved. In absolute terms, gross NPAs however rose to Rs 7,579.11 crore as on June 30, 2018 against Rs 6,812.21 crore a year ago.
Tue, Sep 18, 2018
Kerala floods: Insurers receive Rs 1,500-crore billSubscriber Only
September 13, 2018 01:19 IST
Claims due to floods are just 7.5% of the losses, showing the poor insurance penetration in the country.
Thu, Sep 13, 2018Videocon loan case: No RBI clean chit yet to ICICI Bank, says still ‘engaged’, probe is ongoingSubscriber Only
September 10, 2018 04:54 IST
Chanda Kochhar is on leave pending an independent investigation by retired Supreme Court judge, Justice B N Srikrishna, into various allegations against her and the bank.
Fri, Oct 05, 2018
Pradhan Mantri Fasal Bima Yojana: Farmers wait up to 18 months for claimsSubscriber Only
September 10, 2018 00:34 IST
Two years after the launch of the PMFBY, majority of farmers are still not aware of the scheme.
Mon, Sep 10, 2018
‘Kerala’s economy likely to bounce back by December’Subscriber Only
September 05, 2018 00:54 IST
The maximum impact was witnessed by the businesses that have been physically damaged. Also, people who have Rs 100 to spend will spend Rs 90 on building back, said Shyam Srinivasan.
Wed, Sep 05, 2018
RBI: Loan defaults by small businesses double in a yearSubscriber Only
September 03, 2018 05:00 IST
RBI said that the bulk of loan defaults, which rose from March 2017, is accounted by public sector banks which had a share of 65.32 per cent in outstanding loans to small units, down from 66.61 per cent in the previous year.
Mon, Sep 03, 2018
Demonetisation-hit Urjit Patel pushes forward Raghuram Rajan era reformsSubscriber Only
September 03, 2018 03:26 IST
Urjit Patel, who succeeded Raghuram Rajan, had to witness the hardship faced by millions of citizens as they scampered to deposit demonetised notes in various banks’ branches and struggling to withdraw cash.
Mon, Sep 03, 2018
Long-term motor insurance: SC rejects insurers’ plea; buyers to shell out more from todaySubscriber Only
September 01, 2018 01:25 IST
The GI Council also pointed that the entire industry is now busy settling claims on account of Kerala floods which has triggered claims worth over Rs 1000 crore.
Sat, Sep 01, 2018
RBI circular on bad loans: Rs 3 lakh crore loans to come under IBC for resolutionSubscriber Only
August 25, 2018 05:37 IST
As much as Rs 3 lakh crore worth of loans of 70-80 companies is likely to come in for resolution under the Insolvency and Bankruptcy Code (IBC) starting early next week.
Sat, Aug 25, 2018
Maharashtra ranks 13 in ‘ease of doing business’Subscriber Only
August 25, 2018 04:13 IST
While Maharashtra has interest payments as a slight concern, it retains its position as the state that attracts the highest FDI and private investment.
Sat, Aug 25, 2018Journalism of Courage
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