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National Insurance Co receives 500 claims amounting to Rs 160 cr post cyclone 'Amphan'
The majority of the claims are from severely-affected West Bengal and nominal from Odisha, she said, adding, a bulk of those have been received from business enterprises, shops and factories.
PFC board clears RS Dhillon's appointment as CMD from June 1
Dhillon's appointment as Chairman and Managing Director will be with effect from the date of assumption of charge of the post on or after June 2020. He would hold the post till the date of his superannuation (May 31, 2023) or until further orders,
- Economy needs support from PSBs: Union Bank chief
- Finance Ministry appoints PR Jaishankar managing director of IIFCL
- Home Credit India lays off 1800 employees
- IBC deferral plan and absence of loan rejig put banks in a fix
- SBI ready with micro market plan, soft launch on June 1
- PNB Housing Finance takes over Vipul Ltd Project after default
- Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 yrs: Fitch
- IDFC First Bank launches video KYC facility for customers to open savings accounts
- Blanket ban on recovery impractical, say bankers
- 10-15% moderation in salaries not to impact lending practice: HDFC Bank
- NCLT approves IL&FS stake sale in GIFTCL to Gujarat government
- Amazon provides free COVID-19 health insurance for its sellers
Blanket ban on recovery impractical, say bankers- 10-15% moderation in salaries not to impact lending practice: HDFC Bank
- NCLT approves IL&FS stake sale in GIFTCL to Gujarat government
- Amazon provides free COVID-19 health insurance for its sellers
- Realtors seek RBI’s intervention on high-cost funding despite rate cuts
- Gold loan volumes surge to record highs amid Covid crisis in India
Banking
RBI slaps Rs 4 crore penalty on Citibank NA and Rs 1.45 crore on three other banks for flouting rules- Economy needs support from PSBs: Union Bank chief
- IBC deferral plan and absence of loan rejig put banks in a fix
- SBI ready with micro market plan, soft launch on June 1
- Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 yrs: Fitch
BANKING/FINANCE STOCKS
NSEBSE
NSE
BSE
| Company Name | Latest | Change | %Change | Volume |
|---|---|---|---|---|
| HDFC Bank | 951.65 | 6.4 | 0.68 | 26512596 |
| ICICI Bank | 331.95 | 5.1 | 1.56 | 60488688 |
| Kotak Mahindra Bank | 1224 | -5.45 | -0.44 | 5497352 |
| State Bank of India | 161.3 | 3.1 | 1.96 | 58368035 |
| Axis Bank | 384.95 | -6 | -1.53 | 51056884 |
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