D K Mittal

The government has started the search for a successor to Insurance Regulatory and Development Authority (IRDA) Chairman J Hari Narayan, who will retire in February next year

FinMin asks PSU banks to end disciplinary cases fast

The finance ministry (FinMin) has issued a circular to all lenders to end the lingering process of disciplinary actions against bank employees. Under the new directives, a banking authority has to institute any inquiry with 15 days while the report has to be finalized within three months with an option of three extensions of one month each.

Spectrum can be a tangible security to raise funds

Telecom regulator Trai has permitted companies to mortgage spectrum to raise funds from banks and a final decision will be taken by the Empowered Group of Ministers (EGoM) which is meeting today, a government official said.

EGoM to decide on spectrum pricing in next meet

An Empowered Group of Ministers, headed by Finance Minister Pranab Mukherjee, will discuss the base price of spectrum, to be auctioned to operators, in its next meet, an official said today.

FM asks public sector banks to manage non-performing assets

Concerned over rising bad loans, Finance Minister Pranab Mukherjee today asked the banks to take steps to manage their non-performing assets (NPAs) which have grown on account of economic downturn.

Need to consider shutting loss-making branches: Bank secy

India needs to consider closing down loss-making branches of state-run banks and insurance companies, said D.K. Mittal, the country's banking secretary.

Govt to inject up to $1.4 bn capital in SBI by next week

India will inject Rs 6,000 crore to Rs 7,000 crore in State Bank Of India by next week, banking secretary D.K. Mittal said on Friday.

CII M&A Summit: Part 1

In the first National M&A Summit, D K Mittal- Secretary, Ministry of Corporate Affairs; Zia Mody - Founder & Senior Partner AZB & Partners and Adi B Godrej- Chairman, Godrej Group expressed their views on the M&A Regulation in India.