NON BANKING SECTOR
Deloitte to stop offering non-audit services to their audit clients
Earlier this week PwC too said it would stop offering consulting and advisory services to the companies and banks they audit.
These 7 sectors likely to remain immune to coronavirus jitters
Kunj Bansal, Partner & CIO, Sarthi Group, says with the results season over, t...
Non-life insurers register 7.2 pc rise in Jan premium income at Rs 17,226 cr
The 35 insurers' gross premium collection stood at Rs 16,076.28 ...
Global scenario not rosy, will impact MF sector: SEBI official
The official of the Securities and Exchange Board of India said that liquidity is an important benchmark.
SBI MD Arijit Basu bats for greater oversight on banks, sans overreach by probe agencies
With a view to protect prudent decision making of bankers, the government last month took a slew of decisions, including doing away with personal responsibilities of MD and CEO of public sector banks (PSBs) for compliance in dealing with large value frauds committed by bank officials.
Keep some powder dry, invest rest in 4 sectors: Gurmeet Chadha
Look at the last one-year return at the shorter end of the yield curve. Even if we have not taken any duration risk, we have clocked 10-12% kind of a return in the short-term debt category which is almost equal to the Nifty return of last one year, says Gurmeet Chadha, Co-founder, Complete Circle Consultants.
Risk of duopoly in telecom sector higher than before: Analyst
The room for manoeuvre is now very less for operators. The situation is particularly grave for Voda Idea.
Allahabad Bank reports Rs 1,986 crore Q3 loss
Gross non-performing assets (NPA) deteriorated to 18.93% of total advances compared with 17.81% a year back.
SC orders Govt to immediately withdraw DoT order on non recovery of AGR dues
The top court bench headed by Justice Arun Mishra demanded to know from the managing directors and directors of the telecom companies, which had sought a modification of the order, why contempt action shouldn't be taken against them for not abiding by the court order.
With AGR ruling, banks fear surge in bad loans
SC's ruling puts at risk the nearly Rs 30,000 cr loans to Voda-Idea, whose survival is now at serious risk.
Banks will have to pay price if any telco files for bankruptcy: SBI Chairman
SBI chief said the bank is in the "wait-and-watch mode" and the onus of ensuring telecom companies' compliance with the Supreme Court order lies with the DoT under the government. He added that the closure of any corporate impacts the country's economy and, therefore, the endeavour is to prevent the shutting down of any enterprise.
Govt closely monitoring agriculture credit given by banks: FM
The government in Budget 2020-21 has raised the farm loan disbursal target by 11 per cent to Rs 15 lakh crore for the next fiscal and allocated Rs 1.6 lakh crore to implement various plans in agriculture and allied sectors as it chases the goal of doubling farmers income by 2022.
Crisis-hit cooperative bank looks to raise Rs 300 crore in fresh capital
Sri Guru Raghavendra Sahakara Bank’s management proposes measures to RBI for a speedy turnaround
Price Waterhouse to stop offering any non-audit services to their audit clients regulated by NFRA
This essentially means that no PwC network firm would do consulting for tax advisory to any company they audit.
If a bank chief isn't beholden to a FinMin join secretary; he will behave differently, says Montek Singh Ahluwalia
In a conversation with the ToI, the former deputy chairman of the Planning Commission said that If the chairman of a PSB is not beholden to a joint secretary within the finance ministry he will behave differently. I think the time has come to recognise that the bureaucracy in the finance ministry adds no value to the quality of banking.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service