STATE RUN BANKS
Avendus Capital: An unlikely success story of homegrown investment bank
Homegrown Avendus Capital has stitched up an unlikely success story making deals for tech cos.
Merger: E&Y to carry out harmonisation of capital norms of PNB, UBI, OBC
"PNB, the anchor bank, has appointed E&Y as advisor for harmonisatio...
Govt forms society to run centre-funded farmer schemes
“The Farmers’ Welfare Programmes Implementation Society will be free to hire resources...
RBI asks UCBs to report large accounts data almost with immediate effect
The detailed guideline stipulate that the reporting frequency of the CRILC (Central Repository on Information on large Credits)– UCBs return is quarterly to start with.
Share market update: Bank shares slip; Yes Bank dips 3%
The Nifty Bank index was trading 0.71 per cent down at 31626.60.
China and Myanmar 'stand together' despite Rohingya backlash
A 2017 military crackdown on the Muslim minority, which UN investigators have called genocide, forced some 740,000 people over the border into Bangladesh. Beijing has stood strongly beside Myanmar and the Asian giant is now the country's largest investor even as distrust of its ambitions lingers among the public.
Rs 14,000-crore state support plan to strengthen road safety
The programme will be driven by a strict incentive-based structure for states delivering on road safety aspects.
State Bank warns India creating fewer jobs for biggest workforce
India will create 1.6 million fewer formal jobs across government and low-paying sectors, an SBI report said.
Share market update: Bank shares up; Yes Bank rises 2%
The Nifty Bank index was trading 0.43 per cent up at 31961.5 .
US charges 5 over illegal exports for Pakistan's nuclear programme; Islamabad says no information
According to the indictment, between September 2014 and October 2019, the five operated an international procurement network of front companies that existed to acquire US-origin goods for the Advanced Engineering Research Organisation (AERO) and the Pakistan Atomic Energy Commission (PAEC). They exported US-made goods to the two Pakistani entities.
ETRise Top MSMEs Ranking: Inaccurate that MSMEs don’t get finance easily, says banking official
In a panel discussion under ETRise Dialogue, a top official of the Union Bank of India said that MSMEs were getting loans sanctioned by banks, especially under the PSB loans in 59 minutes. The Bank, he said, was proactive in MSME funding.
IBA revises performance-linked scheme, hikes wages to 12.25%, unions reject offer
Under the scheme, the bankers' body has offered to pay 14 extra days of salary for staff of lenders that show a 10-15% increase in operating profit and 21 days for banks that report more than 15% rise in operating profit. IBA was earlier in favour of taking both operating profit and RoA as key metrics for defining organisational performance.
The Week That Was: Airtel shines, Voda tanks; Infy, Piramal on a high; YES hit hard
Here are the top stocks and sectors that created all the buzz on Dalal Street this past week.
Suspected big bank fraud cases to be vetted by panel before probe
The panel will function as the first level of examination for all alleged cases of fraud involving Rs 50 cr or more.
Corporate earnings, budget expectations to drive equities this week: Analysts
Investors in domestic market will closely watch quarterly earnings from companies.
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