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States rope in pvt hospitals to fight coronavirus

In the past one week alone, Rajasthan, Madhya Pradesh, Chhattisgarh, and Andhra Pradesh have issued orders to take over private hospitals in some districts. Sohini Das, Vinay Umarji and......

India readies for massive testing exercise after lockdown

The ICMR is working on a war footing to develop the testing ecosystem -- especially for the screening blood tests.NIV, Pune, is in the process of validating antibody-based screening kits.The ICMR......

If not for loan recast, banks' NPAs would have touched 20-year high

The major beneficiaries of loan recasting will be sub-Rs 500 crore corporate exposures and retail exposures, which were earlier expected to see the highest increase in NPAs in percentage terms.......

Collections, cash flows of top-3 realtors hit in Q1

However, both developers as well as analysts are hopeful that these business metrics will pick up once activity resumes. Collections from customers, cash flows, and sales realisation went south......

With OCEN, small businesses have access to instant loans

The protocol aims to "democratise" lending, reduce costs of credit, and ensure accessibility of credit to small companies and street vendors, according to Nandan Nilekani. IMAGE: Labourers work in......

PM asks bankers to ensure stable credit growth

During a three-hour long virtual meeting with CEOs of large public and private sector banks along with heads of NBFCs, the prime minister assured them that the government is ready to take all steps......

IT biggies are favourite defensive bets in Nifty50

The combined weight of IT companies in the benchmark Nifty 50 index is now at a five-year high of 15 per cent as these companies continue to outperform the broader market. Information......

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Insurer ICICI Lombard in talks to buy Bharti AXA

ICICI Lombard, which has an 8.4% market share and is owned 51.89% by ICICI Bank Ltd, underwrote a gross premium of Rs 3,302.19 crore in the June... ...

https://www.hindustantimes.com/business-news/insurer-icici-lombard-in-talks-to-buy-bharti-axa/story-s7TaYwvfayq00XfGJktbZP.html

If not for loan recast, banks' NPAs would have touched 20-year high

The major beneficiaries of loan recasting will be sub-Rs 500 crore corporate exposures and retail exposures, which were earlier expected to see the... ...

http://www.rediff.com/money/report/if-not-for-loan-recast-npas-would-be-at-20-yr-high/20200810.htm

IMC Chamber of Commerce and Industry appoints new banking committee members

The committee, aimed at addressing current problems included other bigwigs like Zarine Daruwala CEO Standard Chartered Bank, Amitabh Chaudhry, CEO... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/imc-chamber-of-commerce-and-industry-appoints-new-banking-committee-members/articleshow/77468125.cms

ICICI Bank launches QIP with floor price of ₹351.36 per share

RIL’s financial services assets spike; indicate big plans are in the works ...

https://www.thehindubusinessline.com/markets/stock-markets/icici-bank-launches-qip-with-floor-price-of-35136-per-share/article32319323.ece

ICICI Bank takes possession of Mantri Developers#39; corporate office

ICICI Bank had issued a demand notice on November 22, 2019 to Mantri Dwellings to repay ₹53.62 crore within 60 days ...

https://www.moneycontrol.com/news/real-estate/icici-bank-takes-possessionmantri-developers39-corporate-office_14150421.html

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