It is to be seen if SBI under Setty, who will have a three-year term, can ride the economic cycle to take SBI to new heights, navigating some of these challenges.
'Lack of self-control over spending leads to a credit card debt trap.' 'People think they have money and spend using a credit card, but when it's time to pay, they realise they don't have the money.'
Manpreet Singh foresees an unprecedented fifth Olympic appearance for himself in the 2028 Los Angeles Games before he calls time on his career.
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
The Reserve Bank of India (RBI) has recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation (SRO) in the fintech sector, the central bank announced on Wednesday. The banking regulator received three applications for fintech SRO. Of the remaining two applications, one has been returned by the RBI with a provision for resubmission after meeting specific requirements, while the third application is still under examination, said Governor Shaktikanta Das at the Global Fintech Fest in Mumbai.
He credited PCI chief coach Satyanarayana for providing great equipment, facilities, and preparation to the athletes.
Bajaj Auto is gearing up to launch clean-energy vehicles including another motorcycle powered by compressed natural gas (CNG), showcase ethanol-powered motorcycles and three-wheelers next month, as well as launch a new Chetak platform early next year, as it closes in on hitting 100,000 monthly sales from clean-energy vehicles this festival season. In an interview with CNBC-TV18, Bajaj Auto managing director Rajiv Bajaj said these initiatives were part of the firm's broader goal to achieve monthly sales of 100,000 clean-energy vehicles this festival season.
'Opportunity is there in each segment of the market. There is opportunity in affordable and specifically governed by government initiatives as well as for housing for all.'
Markets regulator Sebi has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from the company. Sebi has imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with the securities market including as a director or Key Managerial Personnel (KMP) in any listed company, or any intermediary registered with the market regulator, for a period of 5 years.
'He placed my journey above his and offered his companionship with utmost loyalty, dedication and honesty. If not for him, I cannot imagine being here, continuing my fight and taking each day head-on.'
Some of the fintechs that will get impacted include Cred, Paytm, Phonepe and Amazon Pay, among others.
Analysts are of the view that long-term investors could continue to hold the stock, irrespective of the MSCI development.
'The consensus was that the debate was between looking backward and looking forward.' 'Trump, with his great enamourment of his own 'achievements,' was obviously looking backward, while Harris, nearly 20 years his junior, was focussing on the future, with hope,' notes Shreekant Sambrani.
About 1.2 trillion tax evasion cases have been detected and as many as 59,000 entities identified for verification in order to ascertain whether they are fake.
Following a review of peer-to-peer (P2P) platforms, certain issues -- including high non-performing asset levels, significantly high balances in escrow accounts, and non-compliance with net owned fund and disclosure requirements -- came to the RBI's attention.
The new asset class (NAC) proposed by the market regulator could see diverse product offerings with high-risk strategies across equity and debt if the mutual fund (MF) industry's recommendations are incorporated into the final regulations. While the Securities and Exchange Board of India (Sebi) has suggested relaxations in investment norms for NAC compared to traditional MFs, some fund houses are advocating for further relaxations in concentration norms, greater flexibility in leverage, and the ability to invest in securities currently outside the MF domain, such as unlisted debt papers and debentures, sources reveal.
'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'
Nothing is going to change in a hurry unless attitudes change and punishments are speedy and fair, notes Ramesh Menon.
TT ace Sharath Kamal eyes administrative role while charting 'roadmap' ahead
'In the case of corporate credit, especially to AAA borrowers, lenders will have to take a fresh look at pricing.'
'They take more risk against me and there's a chance always of getting a wicket there.'
'Asset allocation should be driven much more by long-term factors rather than the market scenario at any particular point in time.'
For her a competition, be it the World Cup or the Paralympic Games, is just an extension of her training regimen, which has to be followed to the tee.
Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks. During deliberations on the deposit mobilisation, she said that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably, and asked banks to make concerted efforts to garner deposits by conducting special drives.
Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent.
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
Ajit Pawar also said he was "not interested" in contesting elections anymore.
The record lies with first prime minister Jawaharlal Nehru who did the honours 17 times from 1947 to 1964.
The PCB said the difficult decision had been taken due to the ongoing construction work at the venue
'I have funded myself for tournaments until Nov last year, after which I was sent with the Indian team for tournaments as I met the selection criteria to make the team. I was included as part of TOPS scheme only after qualifying for the Paris 2024 Games till the Olympic Games, that's it.'
Edtech firm Think and Learn, which owns Byju's brand, has not paid the July salary to employees as the company was unable to access its accounts due to a temporary stay granted by the Supreme Court on the NCLAT's decision, a top official said on Tuesday. On August 2, the National Company Law Appellate Tribunal (NCLAT) approved the Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against Byju's.
A summary of Indian athletes' showing at the Paris Paralympics on Friday, September 6.
Rohit has earned laurels in white-ball cricket, and his impressive tally speaks volumes about his prowess in limited-over cricket.
Muhammad Yunus proved that he was neither an armchair economist nor a slogan mongering political activist, but a doer destined to do what Mahatma Gandhi said -- to remove every tear from every eye, recalls Rup Narayan Das.
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
Bindra praised Manu for patching up with coach Jaspal Rana and for working in tandem for her success.
Rohit can play for at least two more years, Virat may be five: Harbhajan Singh
'Investors should consider small and midcaps only if they can handle volatility and have a longer investment horizon.'
TVS Motor Company met expectations in terms of revenue and posted a strong margin performance in Q1FY25. The key drivers were material cost savings and a better mix. The domestic demand outlook looks good with a rural rebound but geopolitical uncertainties in key export markets may dent overall growth.
'The Casa ratio is at 33.4 per cent, which has to keep improving. Right now, there is a bit of liquidity pressure in the market.'
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