The company offers its retail customers housing and non-housing loans

In the year-ago fortnight, bank loans had stood at Rs 96.20 trillion and deposits at Rs 124.83 trillion

Besides SBI, other members of the consortium that has been cheated are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank

RBI had earlier announced a three-month moratorium on loans by banks to NBFCs.

Rana Kapoor and his family members allegedly got benefits worth Rs 4,300 crore through the companies controlled by them as kickbacks for sanctioning huge loans, the ED has alleged.

For overnight, one month, three months and six months, MCLR have been reduced to 7.40 per cent, 7.50 per cent, 7.60 per cent and 7.70 per cent, respectively.

State Bank of India, ICICI and some lenders are trying to resurrect the ‘bad bank’ plan.

The Covid-19 crisis is expected to have a heavy impact on the economy and many corporates have been cutting salaries. Some have also retrenched staff, with the unorganised sector being hit the most. The unemployment rate in India touched 27 per cent in the week to May 3, according to think-tank CMIE.

The RBI has allowed banks to extend moratorium to borrowers of term loans of all kinds for three months -- March, April and May. "SBI has taken a decision to extend the moratorium allowed by RBI to the NBFC sector which is facing severe problem of cashflow," Khara said.

The borrowers represented the micro, small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors, which was indicative of an economic revival, said finance minister Nirmala Sitharaman’s office in a tweet on Thursday.

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.

In the previous fortnight which ended on April 10, 2020, bank credit had grown by 7.20 per cent and deposits by 9.45 per cent.

“Anyone who has not been able to pay because of the moratorium, we have taken care to not report them to rating agencies,” Yes Bank managing director Prashant Kumar said. “Customers cannot be penalised for that.”

​​​The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said.

A `Bad Bank' is being touted as the panacea for industry’s ills, yet again.

On Monday, the front-month US WTI benchmark crashed into negative territory for the first time ever in history

Move spurred by unprecedented decline in demand; WGC is also working with large institutions for a bullion exchange in India, and with assaying centres to build consumers' trust

MCX said that it had settled the contract according to the formula in the contract, which has been followed for the last 15 years

Variables such as nominal gross domestic product (GDP), central bank balance sheets, or official gold reserves will remain the key determinants of gold prices.

Report points to the possibility of grains being hoarded by farmers and traders to be sold at a later date when mandi operations and logistics normalise

RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year

The crude oil situation has made investors running for cash and dumping commodities

Normally, farmers anticipate a huge bump in demand during the February-May season due to weddings and other such occasions

Margin now fixed at 100%, with Rs 95,000 per lot as absolute minimum. So if crude falls below Rs 950, the margin will continue to be based on the price of Rs 950

Global holdings of physically-backed gold ETFs and similar products jumped by 298 tonnes during the March quarter - the highest quarterly inflows for four years

Investment demand, though lower by 17%, was relatively better as sentiments towards equities turned negative and investors turned to gold's liquidity and safe haven status

Supplies remained unaffected and no unusual spike in prices says Mandi Chairman; 15 confirmed cases registered so far

A disruption in supply chain means that the arrival of commodities across the nation's main mandis remained a cause of concern

The coronavirus cases in Maharashtra have reached 12,296, including 2,000 discharged cases and 521 deaths.

Many schools across Nepal have made it mandatory for students to learn Mandarin lured by the Chinese government's offer to cover salaries of teachers who teach the language, a media report said on Saturday.

Initial investigation by the CBI into the multi-crore scholarship scam reveals a deep-rooted nexus between government officials, private institutions and public sector banks to siphon-off funds meant for poorest of the poor students. Students belonging to Scheduled Castes and Minorities were also deprived of scholarships to pursue basic education.

The Directorate General of Health Services (DGHS) on Monday informed the Supreme Court on Monday of its inability to "amicably" resolve the "stray vacancies" issue in connection with postgraduate medical courses in private medical colleges across the country. Nearly 450 seats are yet to be filled.

Even as the Yogi Adityanath government in Uttar Pradesh is trying to promote Sanskrit in a big way by issuing press statements in this language, the number of students who wish to study it is falling alarmingly.

Britannia Industries Ltd has launched a Store Locator service to enable consumers to find their favourite Britannia products in stores nearby.

Dairy major Amul has written to the central government requesting clarifications on claims made by local authorities, and even some factions of the Gujarat government, that consumption of chilled products like ice-cream spread coronavirus.

The maker of Saffola and Parachute oil said consumption habits are evolving due to current situation, and its new launch will help bridge the gap in kitchen hygiene. Marico had earlier entered the hand hygiene segment by extending Mediker brand.

Salt farmers are predicting a shortfall as lockdown has truncated the production cycle.

Fresno, CA : Alliant International University, California School of Professional Psychology, 2008

Cham : Springer, 2020

New York : The Guilford Press, [2020]