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bad news from banking sector now taking a toll on indian economy and modi




scandals, bad debts, atm cash shortages — india’s banking system has experienced them all in recent months and the bad run is starting to have repercussions for both the broader economy and prime minister narendra modi. india’s nearly $1.7 trillion formal banking sector is coping with $210 bil...



how banks must use insurance to cover risks




the indian banking sector has been attracting lot of public attention of late. be it the recent fraud reported at a major public sector bank, npa resolution, the need for recapitalisation and the impact on fiscal deficit or rising cyber-crime. but before we look into various risk issues, let me make...



congress to take pnb fraud issue to people; rope in other parties




with the pnb banking scam gaining traction, congress on saturday decided to put all its might to "expose" the nda government's "complicity" in the fraud and also rope in other like-minded parties to corner prime minister narendra modi in parliament.leading from the front, congress president rahul ga...



bring out white paper on banking system: congress to nda




the congress on sunday claimed "fraudsters" were linked to the "highest echelons" of the bjp-led nda and urged the government to bring out a white paper on the banking system which it said had witnessed scams involving over rs 61,000 crore in the last five years."bank frauds are tumbling out of the ...



foreign control over indian banks should be reviewed, says y v reddy




former reserve bank of india (rbi) governor y v reddy made a strong pitch for curbing foreign presence in the indian banking space, arguing that most of the shareholdings of india’s private sector banks are with foreigners, even as they are known as indian banks. “the current policy of ownership...



news digest: bank branch additions, sebi on mcx insider trading, and more




branch additions drop as modi govt's digital push changes banking sector the government’s digital push, the rising use of technology in back-end processes, and the growing market for financial technology products have changed the banking landscape. the reserve bank of india’s (rbi’s) may 2017 ...



'fraudsters' were linked to the 'highest echelons' of nda, alleges congress




the congress today alleged, "fraudsters" were linked to the "highest echelons" of the bjp-led nda and urged the government to bring out a white paper on the banking system which it said had witnessed scams involving over rs 610 billion in the last five years. "bank frauds are tumbling out of the clo...



weak banks and corporates leave indian economy vulnerable: imf




the international monetary fund (imf) on wednesday said a combination of weak banks and corporates leave india vulnerable to a tightening of the global financial conditions, as it pressed for more steps to ensure good capitalisation in public sector banks.a recent study, according to international m...



gdp growth rate underlines india unstoppable story: shah




bjp chief amit shah today cited the acceleration in the growth rate of the country's gdp to assert that it underlined the "india unstoppable" story under prime minister narendra modi and described the growth in the manufacturing sector as a very positive sign.the reforms by the bjp-led central gover...



nirav modi’s $1.8 bn scam will leave the banking sector in disarray




want create site? find free wordpress themes and plugins.above: nirav modi/photo courtesy: facebook  even as another multi-billion dollar shady deal within the indian banking sector comes to light through the rs 11,292 crore ($1.8 billion) scam by diamond merchant nirav modi, political parties have...



'not surprised that bhagwat drew same conclusions'




echoing sentiments of rss chief mohan bhagwat, former finance minister yashwant sinha on wednesday said agriculture, unorganised sector, including workers and small businesses, youth and the middle class are the most stressed out due to the sagging economy.in an extensive interview with the dh, sinh...



markets live: sensex turns flat, nifty slips below 10,050; sbi top loser




1:55 pmnifty slips below 10,050 in noon dealstop five losers dragging the index down source: nse1:29 pmbuzzing stockstate-run dena bank rose as much as 4.3 percent to its highest since september 26 after the bank sold shares to institutions to raise between rs 2.75 billion rupees and 4.25 billion ru...



india, us to work on saving jobs




prime minister narendra modi and us president donald trump will try to seek a common ground on saving and creating jobs when they meet in washington on june 26.modi is likely to tell trump that indian companies not only created jobs in america, but professionals from india also contributed to the us...



india on course for 8% plus growth, says jaitley




india is firmly on course to achieving over 8 per cent growth and becoming the world's 5th largest economy, finance minister arun jaitley said today.it has achieved an average growth of 7.5 per cent in the first three years of the modi government, he said.the gdp (gross domestic product) growth of 6...



demonetisation helped formalising large part of economy: modi




the demonetisation of high-value currency notes along with a series of other reform measures have resulted in formalising a large part of the indian economy, prime minister narendra modi said here today.in an address at an asean business forum, modi also highlighted rolling out of the goods and serv...



proof of concept: govt should consider a test case for bank privatisation




the state-controlled section of india’s banking sector continues to be a major problem for policy makers. not only is its slow credit growth delaying the revival in private sector investment, which is crucial for the economy’s return to a higher growth trajectory, but also recent revelations abo...



modi cites gdp to blunt note ban attack




prime minister narendra modi on wednesday cited the q3 gdp figure to defend his note ban decision and launched a veiled attack on his predecessor manmohan singh for predicting that the decision would spell doom for the economy.“the gdp figure shows that those who are from harvard and oxford have l...



ten years on: the financial crisis in numbers




on 9 august 2007 the french investment banking giant bnp paribas "barred investors from accessing money in funds with subprime mortgage exposure", says the financial times.see related is household debt leading us to a new financial crisis?bnp cited a "complete evaporation of liquidity", hinting at ...



economy may take up to 24 months to recover: deloitte india chairman




companies face many tax woes in india, yet deloitte india chairman p r ramesh tells dilasha seth and indivjal dhasmana, why they fare worse in other tax jurisdictions. edited excerptshow long do you think it will take for the economy to recover?  the defining moment in the past ten months was demon...



economy strong and in right direction: pm




the fundamentals of the indian economy are strong and in the right direction, said prime minister narendra modi in dahej.“despite strict initiatives, country’s economy is on track and in the right direction. the forex reserves of the country have risen from $ 300 billion to $ 400 billion. many e...



manmohan slams modi for 'stifling dissent', says bank fraud has quadrupled




former prime minister manmohan singh on monday launched a scathing attack on the modi government for its "disastrous policies" and "economic mismanagement", and said the country was facing crises that were avoidable. singh attacked the government over a series of banking sector frauds, saying the mo...



bs banking round table: msmes big opportunity for 2018, like retail earlier




are non-performing assets (npas) the biggest challenge for the indian banking system at present? or is there too much stress on ‘recognition’ of npas rather than recovery? state bank of india (sbi) chairman rajnish kumar agrees npas are a key challenge but he is also worried about data security ...



pm 'singularly responsible' for damage to economy: sharma




senior congress leader anand sharma today said india was in a real danger of slipping into economic depression and accused prime minister narendra modi of being "singularly responsible" for the damage by his "reckless" decisions.sharma, in a statement, demanded that the government release a white pa...



international labour day: profiling the indian workforce




rapidly catching up with china to become the most populous country in the world, india, with 1.3 billion people running a $2.4 trillion economy, is the world’s fastest growing economy at the moment. the indian economy is led by the services sector, but the workforce composition is still led by agr...



your money: don't over-allocate to banking sector funds




trending on bs you are here: home » pf » news » investmentstaurus mf to approach sebi on bilt defaultbusiness standardfunds may take a breather after 54% return over past yearsanjay kumar singh  february 28, 2017 last updated at 23:32 istyour money: don't over-allocate to banking sector funds"> ...