Solutions to shadow banking risks are well-documented: tightening regulations, extending central banks' cover as lender-of-last-resort, mandating deposit insurance to prevent overnight collapse, controlling trade in highly complex, opaque and high-risk derivatives and changing short-term-funding-long-term-lending business model

That shadow banking was at the core of the financial sector meltdown that led to the Great Recession of 2007-08 is well documented and so is the fact that it remains big and powerful enough to cause serious financial crisis and yet, India and the US continue to promote it

Reliance had broken into the top 100 in 2012 ranking when it was ranked 99th but slipped in subsequent years to rank 215th in 2016. Since then it has risen steadily, according to the ranking

Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of COVID-19

If the subsidiary SBI Capital gets additional voting rights to the extent of its holding at 4.70 per cent, the SBI Group's total voting rights will go up to 30.70 per cent

Sisodia, who is also Delhi's Education Minister, said his government is studying the recently announced new education policy (NEP) in detail

Axis Bank has also submitted a complaint, alleging that some officials of the Cox & Kings had availed loan facilities to the tune of Rs 1,030 crore and cheated the bank by not repaying it

The world's biggest oil exporter said the rapid spread of COVID-19 globally had significantly reduced demand for crude oil, natural gas and petroleum products

PM Modi launched the facility through video-conferencing to startups, agri-entrepreneurs, agri-tech players, and farmer groups for post-harvest management and fostering farm assets

The approved projects include Renuka ji Dam Project (National Project) with an estimated cost of Rs 6,947 crore and five proposals related to flood protection works/anti-erosion measures with estimated cost of Rs 975.70 crore, Thakur said

In his petition filed before HC, Wadhawan, who is presently lodged at the Arthur Road prison in central Mumbai, sought to be shifted to hospitals like Lilavati, Nanavati or Criticare

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The idea came up during a discussion with Nobel laureate and Grameen Bank founder Mohammed Yunus of Bangladesh, and will be confirmed after discussions with the Finance Ministry and the \"highest authority,\" said Gadkari

Following the reduction in rate, the bank's overnight MCLR stands at 7 per cent while the one-month MCLR is 7.05 per cent, whereas the three-month and six-month MCLRs will now be 7.10 per cent and 7.20 per cent

SBI has said that candidates should only fill the application forms once. If they don't comply and fill multiple application then only the last valid (completed) application will be retained

Stock Market News Highlights: HCL Tech, followed by HDFC twins, Infosys, Sun Pharma, ICICI Bank and Kotak Bank were among the top losers on Sensex today, while Asian Paints, UltraTech Cement, Bajaj Finserv, IndusInd Bank and TCS were among the gainers.

Mallya, who is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is presently in the United Kingdom.

Since loan has been declared as \"fraud\", PNB will have to set aside 100% loan amount as \"provision\" as per RBI rules; this can either be done in four quarters or one go

Meanwhile, the chief minister set off for an aerial survey of various embankments situated along the rivers in spate which continued for an hour and a half before his aircraft landed at Darbhanga airport

Share market updates and analysis for August 6: RBI policy announcement, earnings announcements and global cues to set tone for stock markets