Mumbai: Indian Bank is likely to launch a second Swiss challenge auction for the distressed Dharani Sugars and Chemicals account after a change in the deal structure for transferring the loans account to the National Asset Reconstruction Co Ltd (NARCL).The change in the deal structure was necessitated after the government refused to recognise the proposal by the bad loan aggregator earlier because it had envisioned creation of two separate trusts, one of which would exclusively deal with SBI’s claims, two people aware of the developments said.The new proposed structure envisages creation of a single trust which will house the security receipts (SRs) of the account. Unlike previously,…
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Author: newsworm
Deepti Sharma addresses press conference after India vs Australia IDFC First Bank T20I – Cricket World
Deepti Sharma addresses press conference after India vs Australia IDFC First Bank T20I Cricket World
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Bank of Maharashtra top among PSU lenders in loan, deposit growth in Q2 ,Companies News, Business News
State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and deposit growth in percentage terms during the second quarter of the current financial year. The deposit and advances of the Pune-based lender posted an over 20 per cent rise, the highest by any public sector bank during the July-September period. With a growth rate of 23.55 per cent, gross domestic advances of the bank rose to Rs 1,83,122 crore at the end of September 2023, according to published quarterly numbers of public sector banks (PSBs). It was followed by Indian Overseas Bank with 20.29 per cent growth, Central Bank of India (17.26 per cent growth) and UCO Bank with 16.53 per cent…
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Fire breaks out in Canara Bank branch in Lucknow’s Hazratganj – India TV
Image Source : ANI Fire breaks out in Lucknow’s Hazratganj area.
A fire broke out in Canara Bank’s Hazratganj branch on Monday. Employees of the bank were seen getting rescued by firefighters out of the building through windows.
Firefighting operations are underway.
A video of the incident shows massive a blaze erupting in the branch while firefighters continue to rescue employees stuck in the building through windows.
Earlier, a double-decker chartered bus bound for Bihar caught fire, creating panic among the…
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Why IDBI Bank has taken Mumbai Metro One to bankruptcy court | Explained News
After State Bank of India (SBI), IDBI Bank has filed a petition under section 7 of the Insolvency and Bankruptcy Code (IBC) against Mumbai Metro One Private Ltd (MMOPL) for recovery of Rs 133.37 crore dues, including interest.MMOPL is a joint venture of Anil Ambani-controlled Reliance Infrastructure Ltd (RInfra) with Mumbai Metropolitan Regional Development Authority (MMRDA).
What the company says?
In a regulatory filing on Monday (October 30), RInfra said the petition was filed by IDBI Bank before the National Company Law Tribunal (NCLT), Mumbai. MMOPL, which is operating the metro line from Versova to Ghatkopar in suburban Mumbai, is seeking appropriate legal advice and will take all…
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ICICI Bank Share Price Today Live Updates: ICICI Bank Sees Marginal Increase in Price Today, Delivers Strong 5-Year Returns
06:00:08 PM IST, 04 January 2024ICICI Bank Share Price Today Updates: ICICI Bank Stock Price History04:40:27 PM IST, 04 January 2024Announcements Updates: Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAllotment of 92,394 equity shares under ICICI Bank Employee Stock Option Scheme-2000 on January 4, 2024View Announcement04:00:32 PM IST, 04 January 2024ICICI Bank Share Price Today Updates: ICICI Bank Bonus Updates03:30:34 PM IST, 04 January 2024ICICI Bank Share Price Today Updates: ICICI Bank Closes Slightly Higher at Rs 988.65, Registers 0.46% GainICICI Bank closed at a price of Rs 988.65, with a marginal increase of 0.46% today.03:15:55 PM IST, 04 January 2024ICICI…
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Union Bank sets ‘RACE’ goal as its strategy of getting among top 3 PSBs
A. Manimekhalai, MD & CEO of Union Bank of India (UBI), wants Union Bank of India to surpass other Public Sector Banks and take the third-largest Public Sector Bank position in a time of few years. Union Bank of India may even take into consideration buying a bank along the route. Manimekhalai, who became UBI’s first female leader on June 7th, emphasised that the bank has set “RACE” as its aim for the year. Buy Prime Test Series for all Banking, SSC, Insurance & other exams KEY POINTS: Grow RAM (retail, agriculture, and MSME) loans, Improve Asset quality, Boost CASA (current account, savings account deposits), and Increase Earnings. The MD of Union Bank of India wants the bank…
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Source: https://currentaffairs.adda247.com/union-bank-sets-race-goal/amp/
Stocks To Buy: 3 Technical Stock Picks By VLA Ambala For 8th Jan, Monday – Goodreturns
Stocks To Buy: 3 Technical Stock Picks By VLA Ambala For 8th Jan, Monday Goodreturns
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These 5 stocks including HDFC Bank, Bajaj Finance command 71% of the Nifty 50 gains today
While the Indian market staged a robust recovery in today’s trading session after a two-day period of weakness, the strong performance was largely driven by five major stocks – HDFC Bank, Bajaj Finance, Infosys, Axis Bank and Bharti Airtel.
To be precise, these five stocks collectively contributed a substantial 100 points, accounting for 70.79% of the Nifty 50’s overall rally today.
The impetus behind the surge…
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Tata Consumer Products, IndusInd Bank among 5 largecap stocks that hit new 52-week high on Thursday – Top Bets
Adani Ports & Special Economic Zone. Share Price1154.2503:59 PM | 05 Jan 202431.05(2.76%)Tata Consultancy Services. Share Price3737.9004:04 PM | 05 Jan 202471.10(1.93%)Larsen & Toubro. Share Price3521.9003:58 PM | 05 Jan 202463.21(1.82%)SBI Life Insurance Company. Share Price1454.1503:55 PM | 05 Jan 202422.56(1.57%)LTIMindtree. Share Price5947.6503:58 PM | 05 Jan 202481.25(1.38%)Infosys. Share Price1532.5504:04 PM | 05 Jan 202419.85(1.31%)Axis Bank. Share Price1136.9503:59 PM | 05 Jan 202413.55(1.20%)Hero MotoCorp. Share Price3990.3003:55 PM | 05 Jan 202443.36(1.09%)Hindustan Unilever. Share Price2620.0504:02 PM | 05 Jan 202427.50(1.06%)Wipro. Share Price456.6003:59 PM | 05 Jan…
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