Tag: Bank
SBI Logs 4-fold Jump In Q4 Net Profit At Rs 3,581 Crore
State Bank of India (SBI) on Friday reported a four-fold jump in its net profit for the January-March quarter of financial year 2019-20 at Rs 3,581 crore. ....
World Bank Projects Global Economy To Shrink By 5.2% In 2020
The global economy is on track to shrink by 5.2 per cent this year amid the COVID-19 pandemic, the deepest recession since the Second World War, the World Bank Group said in its latest Global Economic Prospects. ....
Yes Bank Case: ED Raids Five Locations In Mumbai
The Enforcement Directorate (ED) on Monday carried out searches at five locations in Mumbai in Yes Bank money laundering case. ....
Noida's 'roti Bank' Fed 3 Lakh People 18.2 Lakh Breads In Lockdown
To feed the poor, the Noida Authority in tandem with scores of housing societies served 18.2 lakh rotis (breads) to over 300,000 people, who were pushed into deep distress due to months-long nationwide lockdown. ....
Crisis In Hospitality, Aviation To Prolong: SBI Official
As the pandemic and the resultant nationwide lockdown severely affected economic activities in the country, a senior official of the State Bank of India (SBI) has said that the financial crisis in the hospitality, tourism and aviation sectors will be prolonged compared to the other sectors.....
CBI Probe Into Rs 180 Crore Fraud On Banks
The Central Bureau of Investigation (CBI) has registered a case on a complaint from State Bank of India against Indore based-private company Indison Agro Foods Limited and its three Directors Vijay Kumar Jain, Mahendra Kumar, and Devraj Jain and unknown public servants on the allegations of cheating and defrauding the bank to the tune of approximately Rs 180.15 crore. ....
ICICI Bank Sells 3.6% Stake In ICICI Lombard For Rs 2,250 Crore
ICICI Bank on Friday sold 3.6 per cent stake in ICICI Lombard General Insurance Company for around Rs 2,250 crore. ....
HDFC Bank Cuts Interest Rates On Loans By 20 Bps
The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect.....
Yes Bank's Rs 15K Crore Further Public Offering Opens On July 15
Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000 crore. ....
Yes Bank To Trim Corporate Portfolio, Focus On Retail Loans
Yes Bank will focus more on giving retail loans and to MSMEs and will trim its corporate loan portfolio. ....
