Bank holidays vary in several states, depending on festivals being observed in respective states or notification of certain occasions in those states

Stock Market Updates Today: Sectorally, except for IT and pharma index, all the other indices ended with decent gains. Private, PSU Bank and financial indices closed 3% higher today.

PNB Housing Finance Ltd had informed about its plan to raise tier I capital up to Rs 1,800 crore through various modes including QIP, preferential issue of shares or a rights issue

The victim of cyber fraud, Rohit Sood, claimed that a person called Trisha Watson called him up in September 2020 and said she was representative of the firm. The firm said that his CV had been shortlisted

Azim Premji, who donated Rs 7,904 crore in 2020 (Rs 22 crore a day) said individual and personal philanthropy must be separated from the company's CSR donation

SBI YONO Merchant app will enable millions of merchants to accept digital payments through mobile led technology

PMC Bank bid: The potential consortium of investors includes Germany-based Alfa Pharma GmbH, Investment Fund (Mauritius), NexPact (Mauritius), Global Com Fin Investment LLC (Dubai) and Delhi-based Avtar Instalments

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Currently, there exists a window for retail investors where they can place their buy and sell orders through intermediaries, but participation remains low

Last month, PMC Bank administrator A K Dixit in a letter to customers and stakeholders had informed that three prospective investors were given time till February 1, 2021 for submission of their final offer

Finance Minister Nirmala Sitharaman in her Budget speech announced that depositors will have an 'easy and time-bound' access to deposits if a bank gets liquidated

Aditya Birla Fashion buys 51% stake in Sabyasachi for Rs 398 crore Aditya Birla Fashion and Retail Limited (ABFRL) has signed a definitive agreement to buy 51 per cent stake in designer brand Sabyasachi for Rs 398 crore. The deal is expected to be closed in late-February or mid-March, the company said in a regulatory filing. Meanwhile, the ABFRL platform will complement brand Sabyasachi on its journey to becoming a global luxury house out of India Reliance signs $15 million deal with Isra...

The Bombay High Court had on Monday refused to grant bail to Kapoor.

ED claims that HDIL allegedly siphoned off Rs 160 crore to many companies belonging to Viva Group on garb of commission

BharatPe has so far raised around Rs 250 crore in debt funding, which would help catapult its lending business and provide credit to merchants

The YES Bank launched this programme during the SME Carnival from January 18-22, 2021 across the private lender's MSME focused branches across India

Bird flu outbreak:  The states affected by bird flu in India are Kerala, Rajasthan, Madhya Pradesh, Himachal Pradesh, Haryana, Gujarat, Uttar Pradesh, Maharashtra, Delhi, Uttarakhand, and Chhattisgarh

On January 16, Bharat Pe and financial services firm Centrum had jointly submitted a bid to the Reserve Bank of India to acquire PMC Bank

The BharatPe-Centrum combine is one of the four bidders that have made submissions to the Reserve Bank of India for acquiring PMC Bank. The other bidders include UK's Liberty Group and two independent business houses

Reserve Bank of India Governor Shaktikanta Das said that it was imperative to identify the root causes of stress rather than addressing the symptoms