The plan has received positive feelers from Canara Bank, which, along with others, will together hold 49 per cent. The MFI will be set up with a capital of Rs 100 crore (Rs 1 billion).
R N Subramanian, manager-foreign exchange, Canara Bank, will be the new chairman of the Forex Association of India for the current financial year 2004-05
Canara Bank has offered to help China recover its huge non-performing assets in the banking sector.\n
Today, the economy requires a certain amount of push not just from the monetary policy but also from its transmission: Das.
Sensex ended up 110.10 points at 11,660.79, while Nifty closed up 24 points at 3390.
Collectively, the pack of 12 has posted a 50 per cent rise in profits -- Rs 25,685 crore. On a quarter-on-quarter basis (that is, September over June), the rise is 68 per cent. Public sector banks have never had such a stellar performance, explains Tamal Bandyopadhyay.
Piramal Enterprises' bid for debt-ridden DHFL received the most votes from lenders at the close of the voting process on Friday, sources said. Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital. Voting was done on various parameters, including qualitative and quantitative.
The actress who has been in hibernation for quite some time after India Calling, is back.
Telecom department says spectrum can't be used as collateral because it's government property
Reports suggest state-owned banks have lapped up Rs 40,000 crore, so far, using both bonds and equity instruments. The question, though, is whether there will be a perceptional change for PSB stocks.
At 11.58 am IST, the Sensex is up 59.24 points or 0.47% at 12682.52, and the Nifty up 8.10 points or 0.22% at 3665.4.
The markets opened on a strong note due to continued optimism on the back of expected robust third quarter corporate performances
The markets have opened in the positive terrain on the first day of december, traders have shown their faith in construction, IT, steel, capital goods. The selling pressure was witnessed in oil, auto, telecom stocks.
According to the complaint filed by SBI, the account had become non-performing asset on January 27, 2016.
The markets have opened the week in the positive terrain, traders are bullish on auto, power, bank up. In the morning session, selling pressure was witnessed in IT.
The markets opened strong on account of buying seen in select index pivotals
As many as 104 listed companies have fewer independent directors than mandated by the regulations, according to the figures from Prime Database, reports Sachin P Mampatta.
Anup Sridhar won the men's singles title in the National Badminton championships.
Credit card issuers saw significant erosion of their card base during the July-September quarter as the Reserve Bank of India's (RBI) norms mandated deactivation of cards that have been inactive for a year. The second quarter of the current financial year saw outstanding cards-in-force decline by 2.55 million to 77.7 million. Prior to this, the industry, on an average, was witnessing a net addition of over 1.5 million credit cards a month as players became aggressive on the unsecured lending business after the pandemic.
The trained officers would be able to analyse and scrutinise data on hard disks, track e-mails, extract evidence using Internet and mobile phones and will familiarise themselves with cyber crime-related legislation.
The Bombay Stock Exchange will shift 22 scrips, including Canara Bank, Dena Bank and i-flex from the 'B1' to the 'A' group, from November 3.
Metropolitan Magistrate Anuradha Shukla handed down the sentence after finding Arun Kumar Goenka guilty under Section 138 of the Negotiable Instruments Act.
Parekh was held guilty in the case related to the 1992 stock scam, in which Canbank Financial Services was duped of over Rs 47 crore (Rs 470 million). On April 1, a special court in Mumbai had sentenced Parekh, Hiten Dalal and four others to one year in jail for siphoning off funds from Canbank Financial Services Ltd, a unit of Canara Bank.
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Bank stocks have underperformed in the second quarter of FY'14 with the BSE Bankex declining 18 per cent compared to fall of 1 per cent in the BSE 30-stock index, Sensex, during this period.
As per norms, sanction for prosecution of government employees accused of corruption has to be given within four months' stipulated time.
The government would ensure that in the next two or three years, no student would have to stop education because of financial constraints.\n
Hardik Pandya has been on the road to recovery after going under the knife following a lower-back injury five months ago. Hardik slammed eight fours and 10 sixes in his sizzling innings
Bank CFOs may meet next week to discuss minimum public shareholding and takeover rule issues.
Bankers and economists agree rates will soften, though the quantum would depend on banks' asset-liability profile
The sale of Daewoo assets in Surajpur to Crosslinks, a company floated by former Hyundai executive B V R Subbu and Spicejet promoter Ajay Singh, has hit a legal quagmire with a slew of new players staking a claim for the 205-acre land.
Popat was taken the distance by B R Meenakshi while Saina Nehwal easily beat Trupti Murgunde in the semi-finals of the Senior National badminton championships.
A railway official said a train has been booked for the Dussehra rally from Nanded city in central Maharashtra.
In the domestic market, the cost is a third but in the international market, we are finding it difficult to price it accordingly.
Andhra Pradesh's J B S Vidyadhar beat the national champion in the semi-finals of the Senior ranking badminton tournament.
Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's own Warren Buffet, passed away at the age of 62.
The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery pledged to get Rs 25 crore loan from IFCI, officials said on Monday. The CBI has booked Mehul Choksi, his company Gitanjali Gems and valuers Surajmal Lallu Bhai and Co, Narendra Jhaveri, Pradip C Shah and Shrenik Shah, they said. The central agency has acted on a complaint from Industrial Finance Corporation of India (IFCI) Ltd alleging that Choksi had approached it in 2016 seeking Rs 25 crore working capital loan for which he had pledged shares and gold and diamond jewellery.
