Dk Mittal

Pratip Chaudhuri, former CMD of State Bank of India, says banks are circumspect because once you call up a loan, there is no chance of it ever coming back to health, and obviously valuations of stalled businesses are very low

Aadhaar Bill to enable reach of subsidies to people: DK Mittal

DK Mittal, Mission Director, Direct Benefit Transfer (DBT) scheme and former Secretary, Financial Services, commends the government's move and calls it an innovative step forward.

Nobody is being denied benefits minus Aadhaar: DK Mittal

Discussing implications of the SC move by making Aadhaar “not mandatory” to avail of services, DK Mittal, Mission Director, DBT Scheme, and Former Financial Services Secretary, said certain pilots are being initiated to link food subsidy to DBT.

Prabhu meets investors to discuss Rly projects' framework

Though Prabhu welcomed investments in the sector, he made it clear that Railways will continue to be owned by the government.

Govt must go Satyam-way, get NSEL board replaced: DK Mittal

According to DK Mittal, the government should now move together and go to the Company Law Board to get the NSEL board replaced by another management which ultimately turned around the company.

Experts' cheer mixed on RBI‘s bank-licence guidelines

DK Mittal, former secretary finance-services, Mohit Saraf of Luthra & Luthra and Bobby Parikh, chief mentor, BMR Advisors offer their perspectives on the guidelines, on CNBC-TV18, and the extent of impact on the banking sector and the economy as a whole.

Disinvestment in Oil India, NTPC soon: Mittal

Government is likely to come out with 10 percent stake sale offer of Oil India in the second fortnight of this month, followed by NTPC's issue in the first 14 days of February, a Finance Ministry official said today.

NTPC, Oil India issues may do well: Kotak Invst Banking

V Jayasankar of Kotak Investment Banking says he expects NTPC and Oil India issues to be successful.

NTPC, Oil India issues likely in January: Divestment secy

Divestment secretary DK Mittal says NTPC issue is likely in second half of January or early February. He also expects Oil India issue in first half of January. "Oil India issue is likely before NTPC," he adds.

Govt to finalise Rs 15K cr fund infusion in PSBs this week

The government today said it will decide about Rs 15,000 crore capital infusion in the public sector banks to shore up their capital base this week.

Mittal given addl charge of Disinvestment Department

Secretary in the Department of Financial Services D K Mittal has been given additional charge of the Disinvestment Department.

Govt allows LIC to hold up to 30% in companies

Hard pressed to meet the Rs 30,000 crore disinvestment target, the Finance Ministry today permitted the state-owned Life Insurance Corporation to invest up to 30 percent in a company as against the earlier ceiling of 10 percent.

IRDA will decide on insurance reforms: Finserv Secy

Financial services secretary DK Mittal clarified that despite ministerial-level talks, the final call on reforms in the insurance sector rests with the insurance regulator.

FinMin secy DK Mittal's grandstanding irks bankers, RBI

Two weeks back, a strong statement by RBI governor D Subbarao on the government's dictatorial style of exercising ownership in state-owned bank triggered mixed reactions among bank bosses.

FinMin ask PSBs to restrict bulk deposits to 15%

The Finance Ministry has asked public sector banks not to accept bulk deposits beyond 15% of total deposits to improve asset-liability management.

Agencies playing God; no need to downgrade banks: DK Mittal

Financial Services secretary DK Mittal says the downgrade of some of the Indian banks by ratings agencies recently wasn‘t justified.

Interest Rates: Not ordered a cut but advised a relook, says bank secy

Refuting reports that the government has ordered PSU banks to lower rates, banking secretary DK Mittal told CNBC-TV18 that they have only "advised" PSU banks to "re-look" at their rates which are higher than private banks.

SBI not to go for rights issue this fiscal: FM official

India's top lender State Bank of India will not raise funds through a rights share issue this fiscal year and the government, the largest shareholder, will capitalise the bank by other means, Banking Secretary DK Mittal told reporters on Wednesday.

To ask Rs 14K cr more to recapitalise PSU banks: Bank Secy

The meeting to discuss the recapitalisation of SBI has ended without any decision being taken. The matter will probably up when the committee meets later this week, reports CNBC-TV18's Aakansha Sethi.

Govt to infuse up to $1.6 bn in SBI by March: Official

The government will infuse Rs 45 billion to Rs 80 billion (USD 919.7 million to USD 1.6 billion) of funds in top lender State Bank of India (SBI) by March 2012, DK Mittal, secretary of financial services said on Thursday.

MCA keen on RoC focusing on regulatory responsibilities

With the entire process of registering a company set to go online by July, the Registrar of Companies (RoC) could see a change in its role.

Nod for forming new co within 24 hours: MCA secy

The Ministry of Corporate Affairs is set to make the registration of new companies much faster than before.

Expect to clear most M&A cases in 30 days: CCI

The government has notified sections five and six of Competition Act giving a major fillip to Competition Commission of India.