Edelweiss unit raises Rs 525 crore from Sanaka Capital, others
The proposed investment in the business is subject to regulatory approvals.
Expansion of bank membership on agenda of BRICS Summit
The summit will suggest BRICS, or the New Development Bank (NDB) board, to consider ex...
Are millennials spawning next wave of NPA piles for banks?
The number of millennials, opting for a new loan grew 58% as against a 14% growth ...
Twitter seeks public input in Hindi and other languages on fake photos and videos
Twitter said synthetic and manipulated media is any photo, audio, or video that has been significantly altered or fabricated in a way that intends to mislead people or changes its original meaning. These are sometimes referred to as deepfakes or shallowfakes.
Pay-to-performance may make it tough for banks to lure top talent
The mandate, intended to motivate the top management and make it more responsible, may instead end up reducing the lure of banking sector among domestic and global professionals, some experts warned even while others welcomed the new pay guidelines based on “pay for performance principle”.
Commodity outlook: Natural gas bleeds; here is how others will fare today
Here is how SMC Global expects commodities to trade today.
Unable to pay outstanding dues as banks have stopped lending: Amrapali buyers
The Supreme Court has clearly stated that buyers must deposit outstanding dues if they want their homes. However, home buyers are unable to get the remaining amount of their home loans disbursed as banks have stopped lending to Amrapali projects.
Bank of Baroda integrates 30,000 employees of Vijaya, Dena Banks in 7 months
To begin with, BoB brought the entire set-up under a four-tier structure that it originally had, created more zones and regions, and adopted a unified reporting structure. “This exercise we did in April helped smoothen the other business processes and systems that had to be aligned,” said Roy.
Buzzing stocks: YES Bank, Vodafone Idea, Ashok Leyland, Bank of Baroda
The NSE Nifty index was trading 3.20 points up at 11,911.35.
Stock market update: Private banks advance; YES Bank climbs 4%
The Nifty Private Bank index was trading 0.48 per cent up at 17,077.25.
EOW arrests two auditors in connection with PMC Bank scam
The Economic Offences Wing (EOW) on Monday arrested two auditors in connection with PMC Bank scam and will produce them in Court today seeking their police remand.
Inverse rotation between Nifty and Bank Nifty: Will it end private banks’ dream run?
6 out of the 8 private bank stocks in Nifty Bank have performed better than public banks.
Supreme Court points to law to bar pleas on other disputes
The Supreme Court shut the door for fresh litigation to alter status quo of sites such as those in Kashi and Mathura, which have also seen discord over worship after giving the disputed land to Hindus and a separate five acres for construction of a mosque in Ayodhya.
Share market update: PSU bank shares mixed; Bank of Baroda up 3%
The Nifty PSU Bank index was trading 0.83 per cent up at 2457.30 around 10:46 am.
Moody’s downgrades outlook on SBI, HDFC Bank, Infosys, TCS and 17 others
Moody’s has downgraded outlook on companies from IT, infrastructure and oil & gas sectors.
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