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The video of a Canara Bank female employee being assaulted by a police constable in Surat went viral Tuesday. The accused was suspended after Sitharaman took up the matter.
The court allows Centre time to file a response on behalf of the RBI and finance ministry after plea says RBI’s 27 March circular didn't serve 'economic justice'.
Banks parked Rs 8 lakh crore per day last week, worried about rise in bad debts and with lack of credit demand from borrowers due to uncertainty triggered by the pandemic.
Dollar funding has become more costly amid turmoil but the price of raising yen has risen more slowly, boosting the appeal of fund-raising in the currency.
Despite warnings, India waited too long to fix the banks, thinking that it had all the time in the world. Now it may be too late.
Cleaning up bank balance sheets might stem current slump, but until lenders see major set of new opportunities, Indian economy won’t return to rapid growth.
The Union Budget 2020 should focus on creating a coherent and viable policy framework for lending to MSMEs, including making it a core business activity for banks.
Banks are expected to benefit from bankruptcy recovery process from Essar Steel, Prayagraj Power Generation, Ruchi Soya and RattanIndia Power.
Ujjivan Small Finance shares climbed as high as Rs 62.80 before closing the session at Rs 56 in Mumbai, up 51% from the IPO price.
Innovative platforms like Amazon, Google, Facebook, and Uber wouldn't have been so successful without the class of silent public technology investment.