New Delhi [India], September 11 (ANI): The Enforcement Directorate (ED) has imposed penalties of Rs 100 Crores on Standard Chartered Bank, Rs 17 Crores on Tamil Nadu Mercantile Bank Limited (TMBL) and Rs 35 Crores on MGM Maran, then Chairman and Director of TMBL after finding them in contra
Mumbai (Maharashtra)/New Delhi [India] Aug 28 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the domestic legal counsel to book running lead managers (BRLMs) in relation to a qualified institutions placement (QIP) by ICICI Bank Limited (ICICI Bank), one of the largest private sector ban
Mumbai (Maharashtra)/New Delhi [India], Aug 18 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the legal counsel to Bandhan Financial Holdings Limited (Bandhan Financial), in relation to sale of approximately 20 per cent shares held in Bandhan Bank Limited (Bandhan Bank) aggregating to Rs
New Delhi [India], May 29 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.
Mumbai (Maharashtra)/New Delhi [India] May 19 (ANI/NewsVoir): Cyril Amarchand Mangaldas advised Axis Bank Limited (Axis Bank) on acquisition of up to 30 per cent stake in Max Life Insurance Company Limited (Max Life) from Max Financial Services Limited (Max Financial) by way of a secondary t
New Delhi [India], May 15 (ANI): The Paytm Payments Bank Limited (PPBL) today announced the launch of 'Cash at Home' facility for senior and differently-abled citizens in the national capital region so that they do not need to step out during this COVID-19 pandemic.
New Delhi [India] April 28 (ANI/NewsVoir): Axis Bank Limited (Axis Bank) and Max Financial Services Limited (MFS) announced the signing of definitive agreements to become joint venture partners in Max Life Insurance Company Limited (Max Life).
New Delhi [India], Feb 26 (ANI/NewsVoir): Max Life Insurance Co Ltd and Yes Bank Limited, India's 4th largest private sector Bank, are celebrating the completion of 15 years of their strategic bancassurance relationship partnership.
New Delhi [India], Oct 3 (ANI): Congress general secretary Priyanka Gandhi Vadra on Thursday termed the Punjab and Maharashtra Cooperative (PMC) Bank Limited crisis as a "scam" and alleged the big people have looted the money.
New Delhi [India], Oct 3 (ANI): Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on United Overseas Bank Limited (UOB) for its failure to comply with the provisions of Section 10B of the Banking Regulation Act, 1949.
Mumbai (Maharashtra) [India], Aug 28 (ANI): Rating agency ICRA has withdrawn the rating for MEP Infrastructure Developers' bank limit of Rs 50 crore due to slower than anticipated progress in six under-construction hybrid annuity mode (HAM) road portfolio.