The administrator says it is duty-bound to present all plans before CoC which is in the process of verifying if the plans are compliant. Administrator to appeal against the order with NCLAT. Torrent's counsel tells the count that rules cannot be abandoned for value maximisation.
It might be better to have a group of different friends who bring something unique to your life rather than have only one best friend.
HDFC Bank will leverage Microsoft Azure to consolidate and modernise its enterprise data landscape through a Federated Data Lake to scale its information management capabilities across enterprise reporting and advanced analytics, using artificial intelligence.
Bank of Maharashtra said that its gross advances grew nearly 22% year-on-year to Rs 1.57 lakh crore, while privately owned Federal Bank reported 19% rise to Rs 1.71 lakh crore. Smaller lenders such as South Indian Bank, CSB and Dhanlaxmi too reported high credit growth numbers a day before indicating that credit demand has been quite broad based.
Bank of Maharashtra said that its gross advances grew nearly 22% year-on-year to Rs 1.57 lakh crore, reflecting improved demand for loans with the Indian economy showing stability despite global headwinds.
The Department of Personnel and Training (DoPT) has extended the Leave Travel Concession (LTC) block year 2018-2021 for a period of three months for central government employees.
Data available till November 18, 2022, show the outstanding loans to the services sector at ₹33.15 lakh crore, up 21.3% in one year. Outstanding loans to the industrial sector rose 13.8% in the same period to ₹32.94 lakh crore.
RBI said state-owned SBI along with private sector lenders ICICI Bank and HDFC Bank have been placed under the same bucketing structure as in the 2021 list of D-SIBs.
The Reserve Bank of India on Monday said that the State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs). The RBI announced SBI and ICICI Bank as D-SIBs in 2015 and 2016 while HDFC Bank was added to the list as on March 31, 2017.
In an e-auction conducted under the Challenge Mechanism, Torrent had presented a resolution plan for Reliance Capital Ltd (RCL) with a net present value of Rs 8,640 crore, while Hinduja's offer was Rs 8,110 crore.
Like any other investment, it is important to consider the tax implications of mutual fund investments before making them.
Public sector banks have outperformed private banks in the recent past. Banks also expect margin trajectory to remain robust, while an improving asset-quality resolution should provide further fuel to profitability.
The bank asked the field functionaries to ensure that the branches conduct need-based selling of insurance products with strict compliance to the Assessment of Suitability and Appropriateness Framework (ASAF) and sourcing of business is undertaken for 100 per cent KYC compliant accounts.