NCLAT to hear IDBI’s insolvency plea against Zee Entertainment today

A three-member bench of the National Company Law Appellate Tribunal (NCLAT) is scheduled to hear the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment on December 6 (today).

The case was earlier brought up for hearing on November 8 and adjourned after the counsel appearing in the matter sought the deferment to complete pleadings, as per a PTI report.

The CaseIDBI Bank has filed a…
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Source: https://www.livemint.com/companies/news/nclat-to-hear-idbis-insolvency-plea-against-zee-entertainment-today/amp-11701825919449.html

ICICI Pru Life Share Price: ICICI Pru Life shares decline 1.19% as Sensex climbs

Shares of the ICICI Prudential Life Insurance Company Ltd. traded at Rs 535.05 on BSE at 01:35PM (IST) on Friday, down 1.19 per cent from previous close. The scrip quoted a 52-week low price of Rs 380.95 and a high of Rs 615.55. Earlier, shares of the company saw a gap up opening in the morning. A total of 14,797 lakh shares changed hands on the counter till 01:35PM (IST). The stock of ICICI Prudential Life Insurance Company Ltd. commands a market value of Rs 77811.37 crore. The stock traded at a price-to-earning (P/E) multiple of 85.8, while the price-to-book value ratio stood at 6.23. Return on equity (ROE) was at 8.09 per cent, according to exchange data. In the BSE500 pack,…
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Source: https://m.economictimes.com/markets/stocks/stock-watch/icici-pru-life-shares-decline-1-19-as-sensex-climbs/amp_articleshow/106757254.cms

Punjab National Bank among 8 bank stocks with high NPAs – Top Banking Picks

Infosys. Share Price1612.7504:05 PM | 12 Jan 2024118.55(7.94%)Oil And Natural Gas Corporation. Share Price223.4004:05 PM | 12 Jan 202411.56(5.46%)Tech Mahindra. Share Price1308.0504:05 PM | 12 Jan 202458.65(4.70%)LTIMindtree. Share Price6237.0504:05 PM | 12 Jan 2024277.11(4.65%)Tata Consultancy Services. Share Price3882.8004:05 PM | 12 Jan 2024147.25(3.95%)Wipro. Share Price465.4504:05 PM | 12 Jan 202417.25(3.85%)HCL Technologies. Share Price1540.8004:05 PM | 12 Jan 202456.00(3.78%)Tata Consumer Products. Share Price1159.0004:05 PM | 12 Jan 202439.75(3.56%)State Bank of India Share Price633.6004:05 PM | 12 Jan 202413.40(2.17%)Larsen & Toubro. Share Price3568.8004:05 PM | 12 Jan…
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Source: https://economictimes.indiatimes.com/markets/stocks/news/punjab-national-bank-among-8-bank-stocks-with-high-npas/top-banking-picks/slideshow/106807238.cms?from=mdr

Bank of Baroda Launches the NCMC RuPay Prepaid Card for Seamless Payments across Public Transport, Tolls, Parking and Shopping

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Bank of Baroda Launches the NCMC RuPay Prepaid Card for Seamless Payments across Public Transport, Tolls, Parking and Shopping

Mumbai (Maharashtra) [India], January 12: Bank of Baroda (Bank), one of India’s leading public sector banks, today  announced the launch of the National Common Mobility Card (NCMC) RuPay Reloadable Prepaid  Card. Aligned with the “One Nation, One Card” initiative, the Bank of Baroda NCMC RuPay Platinum  EMV chip-enabled Contactless Prepaid card is an inter-operable and multi-purpose transport card  that can be used across…
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Source: https://www.ahmedabadmirror.com/bank-of-baroda-launches-the-ncmc-rupay-prepaid-card-for-seamless-payments-across-public-transport-tolls-parking-and-shopping/81870056.html

Intellect signs ₹80-crore deal with Indian Bank to deploy cash management system

Intellect Design Arena Ltd, the Chennai-based FinTech company for financial and insurance clients, has signed a ₹80 crore, five-year deal with Indian Bank to deploy Intellect’s eMACH.ai powered Cash Management System. This will bolster the bank’scorporate banking modernisation, said SV Ramanan, Chief Executive Officer, India and South Asia, Intellect Design Arena Ltd. The partnership is a pivotal moment – adding another feather to Intellect’s growing footprint in the Indian BFSI industry, rendering the capabilities of a cognitive enterprise for revolutionising transaction banking.
Digital transformation
Indian Bank, with a network of 4,900 ATMs and 5,798 domestic branches,…
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Source: https://www.thehindubusinessline.com/info-tech/intellect-signs-a-80-crore-deal-with-indian-bank-to-deploy-cash-management-system/article67626758.ece/amp/

NFO Alert: From objective to risk, all you need to know about HDFC Nifty PSU Bank ETF

HDFC Mutual Fund announced the launch of the HDFC Nifty PSU Bank ETF, an open-ended scheme replicating/tracking the Nifty PSU Bank index.

The scheme opened for public subscription on January 12, 2024, and will close on January 23, 2024. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.

What kind of a mutual fund scheme is this?This is an open-ended…
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Source: https://www.livemint.com/mutual-fund/hdfc-mutual-fund-nfo-alert-from-objective-to-risk-all-you-need-to-know-about-hdfc-nifty-psu-bank-etf/amp-11705080609006.html

Axis Bank Stocks Live Updates: Axis Bank Trades at Rs 1124.0 with a 0.16% Decrease in Price

06:01:09 PM IST, 12 January 2024Axis Bank Stocks Updates: Axis Bank Stock Price History04:06:52 PM IST, 12 January 2024Axis Bank Stocks Updates: Axis Bank Bonus Updates03:30:55 PM IST, 12 January 2024Axis Bank Stocks Updates: Axis Bank Closes at Rs 1119.05 with a 0.6% DecreaseAxis Bank recorded a closing price of Rs 1119.05, experiencing a slight decline of 0.6% during the trading session.03:15:36 PM IST, 12 January 2024Axis Bank Stocks Updates: Axis Bank Trades at Rs 1119.8, Registers -0.53% Change Today and Impressive 65.98% 5-Year ReturnsAxis Bank is currently trading at a price of Rs 1119.8, with a decrease of 0.53% compared to the previous day. Over the past five years, the…
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Source: https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/axis-bank-stocks-live-updates-12-jan-2024/amp_liveblog/106745480.cms

Indian Overseas Bank Introduces RuPay Select Debit Card with Luxury Benefits

Indian Overseas Bank (IOB) unveiled all new RuPay Select Debit card via tweet.IOB said in the post that Rupay Select debit card will provide with “luxury, convenience, and security, all in one card.”The introduction of the RuPay Select debit card will offer users with gym memberships, free health check up, complimentary golf lessons, spa services, and lounge access in selected domestic and international airports.
Eligibility Criteria
One is required to have a savings bank account or a certificate of deposit (CD) with IOB, maintaining an average daily balance of ₹ one lakh.Cash withdrawal limit is set to ₹50,000. Daily limit for usage in merchant establishments (PoS) is set at…
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Source: https://www.thehindubusinessline.com/money-and-banking/indian-overseas-bank-introduces-rupay-select-debit-card-with-luxury-benefits/article67040321.ece/amp/

Mumbai Festival partners with SBI, Signpost India, Aerion Group, and EaseMyTrip

The Mumbai Festival, a cultural phenomena Mumbai is set to witness, welcomes four entities – State Bank of India, the Indian Bank; Signpost India, a digital out-of-home (DOOH) player; Aerion Group and EaseMyTrip.com, one of India’s online travel tech platforms, as their partners.
The inaugural edition of this annual event, promoted by the Department of Tourism, Government of Maharashtra, will boost tourism and establish Mumbai as an evergreen tourist destination. The nine days will feature cultural festivals, music, dance and cinema events, and food festivals to bring communities together.
Joining the Mumbai Festival as its banking partner is the State Bank of India (SBI), a…
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Source: https://mediabrief.com/mumbai-festival-partners-with-sbi-signpost-india-aerion-group-and-easemytrip/