Banks general
Cabinet clears SBI’s merger of associate banks, BMB
15 Jun 2016
The merged entity will have an asset base of Rs37,00,000 crore (over $555 billion), 22,500 branches, 58,000 ATMs and a customer base of over 500 million
Blow to Mallya as special PMLA court declares him proclaimed offender
14 Jun 2016
A person can be termed a proclaimed offender in a criminal case if the court has reasons to believe that the accused against whom a warrant of arrest has been issued has absconded or is concealing himself so as to avoid arrest
RBI lets banks restructure bad loans into debt and equity
14 Jun 2016
Ridding banks of bad loans that are now at a 15-year high of around Rs8,00,000 crore is crucial to reviving economic growth in India’s $2 trillion economy
SBI quietly working on merger framework for subsidiaries: report
13 Jun 2016
SBI managing director V G Kannan is reported to be heading the team formed under the supervision of associate and subsidiaries department, and if everything goes well, the merger process is likely to begin in 3-4 months, says the report
No legal basis for attaching properties, says Mallya
13 Jun 2016
Mallya, a former Rajya Sabha member and chairman of United Breweries Group, said the ED’s move seems to have motives and that it would make it difficult to raise money to repay loans to banks
Swiss govt supports action against tax dodgers
09 Jun 2016
RBI leaves rates unchanged, experts see cuts in August
07 Jun 2016
As widely expected, the RBI kept its policy interest rate unchanged at a five-year low of 6.50 per cent, but signalled the prospect of a cut later this year if monsoon rains dampen upward pressure on food prices
Jaitley blames higher bad loan provisioning for banks’ losses
06 Jun 2016
The finance minister said bankers themselves would suggest a mechanism for "commercially prudent" settlement of bad loans, which in effect would mean skirting RBI directives
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The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.
The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)
The remarkable Ratan Tata
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One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
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COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
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Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
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