The country's largest lender SBI today said it had classified Chennai-based jewellery firm Kanishk Gold Pvt Ltd (KGPL) as fraud account in November 2017.
Shares of defence company Bharat Dynamics made a weak debut at the bourses today, falling nearly 16 percent from the issue price of Rs 428.
Realty portal Magicbricks said that its online home festival, in tie-up with SBI, has generated interest from potential 70,000 buyers.
The NCLT adjudicating on insolvency cases requires superior infrastructure that allows NCLT benches to be set up in proportion to firms in the region, SBI said.
The CBI filed charges against a former chairman of Canara Bank and others over allegations that the officials helped a company defraud the bank of about $10.5 million.
SBI and IMGC signed a pact to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers.
The State Bank of India signed a MoU with the India Mortgage Guarantee Corporation to offer mortgage guarantee scheme for prospective non-salaried home loan seekers.
The RBI's decision to discontinue the LoUs or LoC might increase the credit cost for imports as it will lead to a shift towards "other off-balance sheet" products.
Public sector banks want PNB to honour its commitment with regard to LoUs allegedly issued by it to Nirav Modi and its associates, said SBI Deputy MD M S Sastry.
SBI clarified that the number of accounts closed in the bank is higher this year due to the merger and it has nothing to do with maintenance of minimum balance.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months