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BusinessToday.In
May 13, 2021
Through an order dated May 10, 2021, the central bank has prohibited the co-operative lender from carrying on banking business, with effect from the close of business on May 13, 2021


Sumant Banerji
New Delhi, May 12, 2021
Ethanol blending promises to open up a sizeable market for the domestic sugar industry to utilise excess production, without hurting farmer interest


Anand Adhikari
New Delhi, May 12, 2021
Institutional investors, who always focussed on G (governance), are now increasingly engaging with investee companies on the E (environment) and the S (social) part


BusinessToday.In
May 10, 2021
Megastar Amitabh Bachchan  laid down a list of charity work done by him without revealing the amount in his recent blog


Joe C Mathew
May 9, 2021
With over 5,000 free and paid customers logging in on the platform since January 2021, the growth momentum of Stupa Sports has continued even amidst the pandemic.


PTI
May 9, 2021
The government consolidated ten PSU banks into four in the last financial year, bringing the number of nationalised banks to 12.


PTI
May 6, 2021
If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per cent of a sick company's outstanding loans


BusinessToday.In
May 6, 2021
RBI Governor Shaktikanta Das announced had a Rs 50,000 lending programme to ramp up COVID-19-related healthcare infrastructure amid massive second wave ravaging India


BusinessToday.In
May 5, 2021
The extent of respective shareholding to be divested by the Government of India and LIC shall be decided at the time of structuring of transaction in consultation with RBI.


Anand Adhikari
May 5, 2021
The measures announced by the Reserve Bank Governor Shaktikanta Das are timely and directed at certain segments


BusinessToday.In
May 5, 2021
Das had announced on April 7 the RBI will put in place what is termed as a \"secondary market G-sec acquisition programme\" or G-SAP 1.0 for 2021-22.First purchase of Rs 25,000 crore in April received an enthusiastic response from market


BusinessToday.In
May 4, 2021
In their divorce petition, the couple asked the court to divide their communal property, business interests and liabilities as set forth in their separation contract.


Anand Adhikari
New Delhi, May 3, 2021
The two-decade-old asset reconstruction industry with over two dozen players will now have the first public sector Asset Reconstruction Company ( ARC), to be set up by the state-owned banks. The government felt the need for setting up a new ARC to clean up the books of the public sector banks (PSBs), which are saddled with bad loans. While more players in the bad loan market are always welcome, there is also a need for empowering the ARCs for faster resolution. The recovery track record of existing private ARCs is not very encouraging. Partly, capital constraints come in the way. The regulatory framework, which restricts ARCs in many areas, is also one of the reasons for ARCs to grow and resolve the bad loans.  In a timely move, the RBI has decided to review the existing legal and regulatory framework. Anand Adhikari, Executive Editor, Business Today shares a checklist of measures and regulatory relaxations that are a must for making ARCs more effective.Also Read: Maintain business resilience, manage risks wisely: RBI Guv tells NBFCs


BusinessToday.In
May 3, 2021
The India business of Citi includes retail banking, wealth management, credit cards and mortgages. It also has a presence in the distribution of financial services products, investment banking operations and treasury and trade solutions


Anand Adhikari
April 29, 2021
There are over a dozen ARCs in the private sector, though only 3-4 dominate the bad loan resolution business; more freedom and flexibility is needed to strengthen them


Rajeev Dubey
New Delhi, April 29, 2021
As unsuspecting Central and state governments wound up the massive emergency Covid-care hospitals across the country in January and February, they had no inkling that Covid-wave II was already building up across the country


Ashutosh Kumar
New Delhi, April 29, 2021
Centre hopes to monetise public sector assets such as land, roads and railways to finance an infrastructure push. But where is the model to achieve the Rs 2.5-lakh-crore target?


Anand Adhikari
New Delhi, April 29, 2021
Unsecured personal loans, credit cards, business banking, and MSME loans are emerging as new breeding ground for banks NPAs. How serious is the problem?


BusinessToday.In
April 28, 2021
Bank Holidays May 2021: As per the RBI, banks in most states will remain shut on May 14 on account of Eid-Ul-Fitr. Besides, some banks will also observe holidays on Akshaya Tritiya, Labour Day, Buddha Pournima, Id-Ul-Fitr, and Jumat-ul-Vida


BusinessToday.In
April 28, 2021
To avoid such frauds, State Bank of India (SBI) has warned its customers against scanning QR codes unless the objective is to make a payment


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