Meanwhile, the regulator has also extended the restrictions placed on PMC by three months till March 31, 2021, until the proposals are studied. The crisis ridden Punjab and Maharashtra Co-operative …
Bank
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Following the RBI’s sharp 75 basis point (bps) cut in March and another 40 bps cut in May, the repo rate has come down from 5.15 per cent at the …
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ICICI Bank said it will acquire 9.09 per cent stake in MESPL for cash consideration of Rs 4.5 crore. ICICI Bank on Tuesday launched an online platform to enable foreign …
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According to the technical analysts, if Nifty 50 index gets past 14250 levels, then it may further move to 14350-14400 levels. Nifty futures were trading 32.50 points up at 14,287.50 …
- Business
Stocks to buy in 2021: ICICI Bank, HDFC, among 9 shares that may rally over 55% on economic recovery
The brokerage firm believes that the market will run up ahead of, and in anticipation of, an ensuing economic recovery. Image: Reuters Indian share markets posted an incredible recovery in …
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Photo: Getty Images Last week, Kevin Stefanski and other Browns players and staff tested positive for COVID-19. Stefanski will not coach, and a number of players will not participate in …
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Tier II account of National Pension System (NPS) has outperformed most fixed income investments. With 11.11% returns in the last one year, Scheme G of NPS Tier II has outperformed …
- Finance
PMC Bank case: Bust bank invites bids for sale of yacht, jets owned by promoters of largest borrower
In July 2020, PMC Bank had sought the first round of bids for the two jets and a yacht belonging to the promoters of the Housing Development and Infrastructure (HDIL) …
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With interest rates at historic lows today, investors looking for better-return, fixed-income options can consider tax-free bonds available in the secondary market. These bonds can be a relatively low-risk alternative …
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Approval of shareholders was also obtained in the last AGM for raising of funds in Indian or foreign currency by way of issuance of debt securities up to Rs 5OO …
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The government has held interest rates on small savings schemes unchanged for October-December 2020 even as banks have been on a rate-cutting spree, following the covid-19 crisis. The State Bank …
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Liquidity coverage ratio, a key financial indicator, stood at 115.5% compared with 107.3% in the previous quarter. Yes Bank registered 1.3% quarter-on-quarter (q-o-q) growth in loans and advances to Rs …
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This is with reference to the reply given ( published on November 16, 2020) to a query raised by H S Murlidhar. The query was regarding taxability of interest on …
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Researchers have uncovered an extensive fraud campaign that saw millions of dollars drained from victims’ online bank accounts. The operation was discovered by experts at IBM Trusteer, the IT giant’s …
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Illustration: Eric Barrow (AP) The Bills are loose. Last Sunday, they toyed with the Dolphins like a dog. On Thursday, they were seen dancing to MC Hammer’s “U Can’t Touch …
- Business
Deutsche Bank to pay $125 million to settle U.S. probes into overseas bribes, trading practices
Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted …
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One of the first-ever mobile-first banks is shutting down. After an email notice started to circulate on Twitter earlier in the day, a spokesperson for BBVA confirmed to Engadget the …
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Villagers in Bihar took a man’s corpse to the bank to withdraw money from his account for his funeral. Since the deceased had not named a nominee, bank officials had …
- News
India’s central bank will look at inflation and state of economic recovery for future policy decisions
SINGAPORE — Inflation pressures and the state of economic recovery will guide future policy moves from the Reserve Bank of India, a member of the bank’s monetary policy committee told …
- News
No Country for Palestinians: When Israeli Covid Vaccine Reaches West Bank, Only Jewish Settlers Get Shots
The present Covid-19 vaccine situation in the Israel-Palestine region is a stellar example of how border animosities can jeopardise the immunisation process for crores of lives, even at a time …
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As many as 53 birds, including 46 red-wattled lapwings, three waders and four ducks, were found dead on the bank of Kharo reservoir in Manavadar taluka of Junagadh district on …
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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily. Aukey 20,000mAh Power Bank | $36 | Amazon Prime I’ve been reviewing Aukey products the last …
- Gadgets
Thursday’s Best Deals: LG 4K Monitor, Google Nest Audio 2-Pack, Crash Team Racing, Sunday Scaries CBD Gummies, Style & Co Dress Boots, Aukey Power Bank, and More
An LG 4K monitor and Google Nest Audio 2-pack lead Thursday’s best deals. Promoted Deal: Walmart+ (15 Days) | Free | Walmart Walmart+, the popular retail chain’s recently launched membership, …
- News
Bank holidays 2021: RBI releases holiday list; financial institutions to remain closed on these dates in January next year – India News , Firstpost
In Aizwal, banks will remain closed on 2 January for New Year celebrations as well, while banks in Kolkata will remain non-functional on 12 January owing to Swami Vivekananda’s birthday. …
- News
A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up – India News , Firstpost
The Reserve Bank of India said the quantum of gross NPAs in the 1,539 UCBs increased to Rs 33,010 crore at end-FY20 from Rs 22,093 crore a year ago Representational …
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In the multi-crore Punjab and Maharashtra Cooperative (PMC) Bank scam investigation, Shiv Sena MP Sanjay Raut’s wife, Varsha Raut, has sought more time to appear before the Enforcement Directorate. She was …