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Embattled liquor baron Vijay Mallya Tuesday lashed out at public sector banks for 'double standards' under the current NDA regime for their intervention to bailout Jet Airways while the same lenders made his Kingfisher airlines 'fail ruthlessly'.
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The Economic Times | A Times Internet Limited product
Embattled liquor baron Vijay Mallya Tuesday lashed out at public sector banks for 'double standards' under the current NDA regime for their intervention to bailout Jet Airways while the same lenders made his Kingfisher airlines 'fail ruthlessly'.
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News video | 533 views
In conversation with ET Now's Supriya Shrinate, former RBI Governor Raghuram Rajan says that Bankruptcy code should act as a shadow and should be the last resort for resolution of stressed assets. He says there is a need to shorten the time in the bankruptcy code by ending an endless sequence of appeal and counter-appeal. Listen in
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Watch Raghuram Rajan on Jet bailout- Not necessary for every company to go through IBC With HD Quality
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The Economic Times | A Times Internet Limited product
Vijay Mallya has attacked public sector banks once again. “So much so for branding me a thief who stole PSU Bank money and ran away. Banks have made a substantial recovery in the past and also today. All included in my settlement proposal too. Damned if you do and Damned if you don’t is how I am treated,” he tweeted.
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Watch So much so for branding me a thief who stole PSU Bank money and ran away- Vijay Mallya With HD Quality
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Watch PSU banks underpay at top; ‘I also feel under-paid’ : Raghuram rajan With HD Quality
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Ahead of the monetary policy review, Reserve Bank of India Governor Shaktikanta Das Monday met heads of public sector banks and conveyed to them the regulator's expectation from the banking sector. RBI is scheduled to announce its sixth bi-monthly monetary policy for 2018-19 on February 7. It would be the the first monetary review under the new RBI Governor.
News video | 742 views
Finance Minister Piyush Goyal on Monday reviewed the performance of Public Sector Banks (PSBs) during which they committed themselves to stepping up lending to micro, small and medium enterprises (MSMEs) while also significantly increasing the level of domestic credit growth. The PSBs also agreed step up their efforts to finance the Pradhan Mantri Awas Yojana which is aimed at securing housing for all by 2022.
News video | 624 views
The Finance Ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans. With this funding, the total amount of capital infusion would increase to Rs 1,00,958 crore of the planned recapitalisation of Rs 1.06 lakh crore for PSBs for the current fiscal, according to Financial Services Secretary Rajiv Kumar.
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Watch Bank Recapitalisation- Govt to infuse Rs 48,239 cr in 12 PSU banks With HD Quality
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Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher. The Sensitive Index (Sensex) of the BSE, which had closed at 35,756.26 on Wednesday, opened higher at 35,837 points. Minutes into trading, it was quoting at 35,821.27, up by 65.01 points, or 0.18 per cent. At the National Stock Exchange (NSE), the broader Nifty 50, which had closed at 10,735.45 on Wednesday, was quoting at 10,741.30, up by 5.85 points or 0.05 per cent.
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Watch Sensex, Nifty open flat; PSU banks rally on capital infusion | Feb 21, 2019 With HD Quality
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The Economic Times | A Times Internet Limited product
Stock market struck fresh six-month highs on Tuesday as key benchmarks rose for the seventh straight day amid expectations of a dovish approach from the US Fed. The US monetary policy meeting kicks off today. There has been an ongoing pre-election rally on hopes that the incumbent government would come back to power after the general elections slated next month.
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Watch Sensex rallies for 7th day, Nifty reclaims 11,500; PSU banks shine With HD Quality
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Sensex gains 50 pts, Nifty above 11,850; DHFL down 6% as co defers Q4 numbers
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Watch Sensex gains 50 pts, Nifty above 11,850; PSU banks rally up to 10% With HD Quality
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