Banks general
RBI cuts repo rate by 25 bps to a 5-year low of 6.5%
05 Apr 2016
RBI said the move has been guided more by a continued slackness in the domestic economy and the perceptions of downside risks to recovery in some advanced economies
State-run banks lose over Rs30,000 cr to frauds between FY12 and FY15: Report
26 Mar 2016
Finance ministry documents show most of these losses are due to frauds involving losses of over Rs1 lakh or more
Liquor baron Vijay Mallya said to have left India
09 Mar 2016
The banks seem to have acted a bit too late as, according to some reports, Mallya might have already received $40 million of the $75 million severance package from Diageo
Govt to set up panel on PSU bank consolidation
07 Mar 2016
Mergers are also seen as an easy option to offsetting ballooning losses at state-run lenders that hold more than two-thirds of assets in the country’s banking industry and about 85 per cent of non-performing loans
SBI seeks Vijay Mallay’s arrest; DRT reserves order on recovery plea
05 Mar 2016
DRT judge Benakanahalli took up the case on priority basis in order to secure the first right on the $75 million severance package that Mallya will be getting for quitting Diageo-owned United Spirits (USL) as its chairman
Govt, RBI working closely to resolve banks’ NPA issues: Jayant Sinha
05 Mar 2016
Speaking at the second Gyan Sangam, the minister said the finance ministry and the RBI have already strengthened the mechanism through which banks can resolve assets even on an interim basis
Latest articles
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Hariman Sharma lets apple travel to India’s warmer climes
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Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.
The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES
Crypto Currencies Trying To Undermine Global Financial System
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US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.
As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
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
By Kiron Kasbekar | 23 Oct 2024
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
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
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?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
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