Invesco has moved NCLT against Zee Entertainment for failing to announce date for EGM to remove CEO Punit Goenka; Invesco owns 17.88% and is largest shareholder in ZEEL.
The coronavirus pandemic has only accelerated India’s need to have 4-5 more SBI sized banks, Finance Minister Nirmala Sitharaman said.
SBI Card sells Rs 200 cr of bad loans to Encore ARC in Q1 of FY22; the credit card company of SBI plans to sell a similar amount in Q2.
Bank of Maharashtra celebrates 87th Foundation Day
Banks led by SBI have called on the government to give debt-laden Vodafone Idea more time to clear its tax dues and spectrum fees.
RBI explains modus operandi of such fraud cases; advises customers not to share account details or passwords with unidentified persons or agencies.
Supreme Court also says resolution plan submitted to NCLT by lenders cannot be modified or withdrawn by resolution applicant.
Punjab National Bank’s board has approved raising up to Rs 6,000 crore by issuing bonds.
Tamilnad Mercantile Bank, which has a past record of governance lapses, has filed with Sebi to raise capital through IPO.
Federal Bank has launched its credit card, in association with global card network Visa.
RBI slaps fine of Rs 25 lakh on Axis Bank for violation of certain provisions of KYC norms; penalty based on deficiencies in regulatory compliance.
NCLAT
agrees to hear PNB’s plea that its claim amount in Jet Airways’ resolution plan
has been ‘arbitrarily’ reduced by RP.
Shanti Lal Jain will head Indian Bank for 3 years from the date of assumption of office on or after 1 September.
The Reserve Bank of India may launch its first digital currency trial programs by December, RBI Governor Shaktikanta Das told international business news channel CNBC in an interview.
Out of the 16 banks who made presentations for managing the country’s largest IPO, those who made it to the list also include Axis Capital, Kotak Mahindra Capital, ICICI Securities and Bank of America.
