Search For "banks"
Sensex down 156 pts, PNB shares plunge 14 pct
Updated : 7 years, 10 months ago IST
New Delhi [India], May 16 (ANI): Market indices recovered in evening trade on Wednesday with the Sensex down about 156 points, after a significant plunge in the morning, following correction in banks stocks after Punjab National Bank (PNB) reported a massive loss in the fourth quarter of FY
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Sensex, Nifty plunge in morning trade
Updated : 7 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 16 (ANI): Market indices saw a significant plunge in Wednesday morning trade, following correction in banks stocks after Punjab National Bank (PNB) reported a massive loss in the fourth quarter of FY 2017-18.
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Banks need to understand jewellery sector: Suresh Prabhu
Updated : 7 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 12 (ANI): Union Minister of Commerce and Industry Suresh Prabhu on Saturday said the need of the hour is to have a banking system that understands the jewellery business properly in the country.
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Vijay Mallya loses over Rs 10,000 cr lawsuit in UK court
Updated : 7 years, 10 months ago IST
London [United Kingdom], May 9 (ANI): Liquor Baron Vijay Mallya faced a major setback on Tuesday after he lost a lawsuit filed in London by a consortium of Indian banks seeking to collect the amount of Rs. 10,000 crore amid allegations that he committed massive fraud.
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ASSOCHAM calls for urgent fixing of twin balance sheet problem
Updated : 7 years, 11 months ago IST
New Delhi [India], April 29 (ANI): Inability of the banks, reeling under the mammoth problem of non-performing assets (NPA) to lend, coupled with lack of appetite for fresh investment by highly indebted India Inc. has resulted in most of the industry sectors reporting negative growth in depl
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Cash crunch will negatively affect growth rate: Chandrababu Naidu
Updated : 7 years, 11 months ago IST
Vijayawada (Andhra Pradesh) [India], Apr. 27 (ANI): Amid a furore over a reported cash crunch, Andhra Pradesh Chief Minister N. Chandrababu Naidu said currency shortage will have a negative impact on the growth rate and society.
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Bankers clear Ebix resolution plan for Educomp
Updated : 7 years, 11 months ago IST
New Delhi [India], April 25 (ANI): A 27-member Committee of Creditors (COC) consisting of 24 Educomp Solutions Limited (ESL) banks and lenders and three lenders of its subsidiary Edu Smart Services Private Limited (ESSPL) has recently cleared a proposal for the sale of ESL to Nasdaq-listed E
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Shaktikanta Das endorses formation of 'holding company' for PSBs
Updated : 7 years, 11 months ago IST
New Delhi [India], April 25 (ANI): Former economic affairs secretary Shaktikanta Das claimed that it was time to set up a 'holding company' for public sector banks (PSBs), in the wake of the recent economic reforms.
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PNB moves Hong Kong HC against Nirav Modi
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 21 (ANI): Following the recent multi-million dollar scam involving several banks, the Punjab National Bank on Saturday moved the Hong Kong High Court against absconding jewellery designer Nirav Modi.
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IOB inks information utility pact with NeSL
Updated : 7 years, 11 months ago IST
Chennai (Tamil Nadu) [India], Apr. 21 (ANI): Indian Overseas Bank (IOB), one of the leading public sector banks, on Friday entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL).
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Loan default: DPIL directors presented before CBI court
Updated : 7 years, 11 months ago IST
Ahmedabad (Gujarat) [India], Apr 18 (ANI): The directors of Vadodara-based Diamond Power Infrastructure Ltd (DPIL), Amit Bhatnagar and Sumit Bhatnagar, were presented before a special Central Bureau of Investigation (CBI) court on Wednesday, in connection with an alleged fraud of Rs 2654 cro
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Twin balance sheet problem nearing resolution: ASSOCHAM
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 15 (ANI): The long-pending problem of twin balance sheets of banks and highly leveraged corporate firms is likely to be resolved reasonably in the forthcoming quarters, the ASSOCHAM said on Sunday.
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