RBI imposes penalties on nine cooperative banks for violating compliances
The Reserve Bank of India has imposed monetary penalties on nine cooperative banks on account of various contraventions or non...
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BFSI
RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability
RBI Governor Shaktikant Das will meet the heads of public sector banks on November 16 to discuss the issue of...
Read moreACRE offers to buy LIC’s Rs 3,400 crore Reliance Capital bonds
An Ares SSG Capital-backed asset reconstruction company (ARC) has given a binding offer to Life Insurance Corporation (LIC) to acquire...
Read moreGujarat-based NBFC tops NARCL bid for consolidated construction
ujarat-based NBFC Raj Radhe Finance has offered Rs 130 crore to take over the debt of EPC company Consolidated Construction...
Read morePunjab & Sind Bank to take call on Rs 300 crore QIP in fourth quarter: MD Saha
State-owned Punjab & Sind Bank would take a call on raising equity capital through qualified institutional placement (QIP) after taking into account third quarter...
Read morePrima facie termination of Kochhar as ICICI CEO valid, says HC; won’t get post retirement benefits
The Bombay High Court on Thursday said the termination of Chanda Kochhar from the post of CEO of ICICI Bank...
Read moreBanks to tap intelligence agencies before loans to ex-defaulters
Banks will now tap intelligence agencies for their inputs at various stages of a loan cycle in the case of...
Read moreKairus Shavak Dadachanji buys stake in Shrem InvIT
Kairus Shavak Dadachanji, chairman of the Dadachanji Group of Companies invested Rs 156 crore through a bulk deal as the...
Read moreJulius Baer strengthens its onshore India team
Foreign wealth manager Julius Baer has further strengthened its onshore India team, by onboarding Akul Juneja as Managing Director Senior...
Read moreInsurance contracts have very little option for consumers except to sign on dotted lines: Supreme Court
Insurance contracts prepared by an insurer have very little option or choice for a consumer, except to sign on the...
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