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Bank of India shareholders approve Rs 8,000-cr fundraising via various modes
State-owned Bank of India on Saturday said it has received shareholders' nod for raising up to Rs 8,000 crore through various modes, including issue of equity shares.
Shareholders approved the fund raising plan at the extra-ordinary…
TaxWatch: Some wealthy Americans are already prepping their finances for a Joe Biden presidency —…
San Francisco accountant Scott Hoppe had a client who was planning to stretch the sale of founder shares in a tech-sector company over a three-year period.
Instead, the client compressed the installment sale into a one-shot transaction this…
DHFL auditors discover fraudulent transactions worth Rs 14,046 cr
The administrator of DHFL - R Subramaniakumar - has moved an application in the National Company Law Tribunal (NCLT) based on the findings of the of transaction auditor
TopicsDHFL | auditors | frauds
Subrata…
PNB hikes repo-linked lending rate by 15 bps to 6.8%, effective from Sept 1
The country's second largest lender Punjab National Bank (PNB) on Monday hiked its repo-linked lending rate (RLLR) by 15 basis points (bps) to 6.80 per cent.
TopicsPunjab National Bank | repo rate | Lending Rates The…
CRISIL upgrades YES Bank’s certificates of deposit from ‘A2’ to ‘A2+’
YES Bank's total deposits increased to Rs 1.17 trillion (including CD) as on June 30 from Rs 1.05 trillion as on March 31
TopicsYES Bank | Crisil | sbi
Abhijit Lele | Mumbai Last Updated at August 28,…
We are not risk-averse, but only careful and prudent, say bank CEOs
Most bankers who participated in the Business Standard Unlock BFSI 2.0 webinar event held on Thursday felt that they expect better indicators of the economy in the third quarter of the financial year
TopicsIndian banking…
ICICI Bank will offload 2% in ICICI Securities to attain 25% public holding
Private sector lender ICICI Bank on Wednesday said it plans to offload two per cent in broking and investment banking arm ICICI Securities.
The move is towards meeting the 25 per cent minimum public shareholding (MPS) requirement.
Some…
RBI calls for deep-seated, wide-ranging reforms for sustainable growth
Cautioning that India's potential output may undergo a structural downshift following the pandemic, the Reserve Bank on Tuesday made a strong case for deep-seated and wide-ranging reforms to regain losses and return to the path of…
PNB expects 4-6% credit growth this fiscal, says Mallikarjuna Rao
Punjab National Bank on Monday said its overall credit growth is likely to be at around 4-6 per cent in the current fiscal year as it expects the economy to return to normalcy from October onwards.
TopicsPunjab National…
After micro loans, housing finance to be next key focus for Bandhan: MD
Having stabilised the ship after some reverses on its flagship micro loans due to demonetisation and the humbling experience with large corporate exposures, Bandhan Bank now wants to focus on the home loan segment, a top executive has…