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Sensex, Nifty gain as HDFC Bank earnings boost financials

by pallanus | Jul 20, 2020 | Business News

India’s biggest private-sector lender, HDFC Bank on Saturday reported a 20% rise in first-quarter profit, sending its shares up as much as 3.33% in early trade. India’s biggest private-sector lender, HDFC Bank on Saturday reported a 20% rise in first-quarter profit,...

ED to file second chargesheet in Yes Bank case tomorrow

by pallanus | Jul 12, 2020 | Business News

The Enforcement Directorate (ED) probing the Yes Bank case is expected to file the second chargesheet in the case on Monday. The chargesheet, according to sources, will be against 10 to 13 accused persons and entities. The ED had arrested Kapil and Dheeraj Wadhawan,...

ED attaches Rana Kapoor, Wadhawans’ properties worth Rs 2500 crores in Yes Bank case

by pallanus | Jul 9, 2020 | Business News

The Enforcement Directorate on Thursday attached properties worth Rs 2500 crores in connection with the Yes Bank case. These properties belong to the bank’s founder Rana Kapoor along with Diwan Housing Finance Limited (DHFL) promoters Kapil and Dhiraj Wadhawan,...

Vijay Mallya’s settlement offer rejected by SBI-led bank consortium

by pallanus | Jul 9, 2020 | Business News

SBI-led banks’ consortium represented by Barrister Marcia Shekerdemian argued that they are not secured creditors as claimed while Mallya’s legal representative, Philip Marshall, said they should be pursuing the security that banks held over the United Breweries...

The bank also said that the reduction in three-month MCLR is in line with its External Benchmark-based Lending Rate.

by pallanus | Jul 8, 2020 | Business News

The public lender said it is reducing Marginal Cost-based Lending Rate (MCLR) by 5-10 basis points to 6.65 per cent for short-term loans from July 10.  SBI said that the reduction in three-month MCLR is in line with its External Benchmark-based Lending Rate. (Photo:...
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