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BusinessToday.In
November 21, 2020
The central bank cited the flouting of the norms laid down under the Sarfaesi (Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest) Act and the willful violation of the RBI's pointers


PTI
November 21, 2020
Sodexo is slapped with the highest fine of Rs 2 crore; PNB and QwikCilver Solutions Rs 1 crore each; PhonePe Rs 1.39 crore; Muthoot Vehicle & Asset Finance Rs 34.55 lakh; and Delhi Metro Rail Corporation Rs 5 lakh


Anand Adhikari
November 20, 2020
Sources reveal the private bank has an exposure of Rs 90 crore in one of the loan accounts of Pune-based loss-making firm Bilcare Ltd. This loan was converted into a zero coupon non-convertible debenture (NCD) by the bank with no repayments scheduled for the first five years


PB Jayakumar
November 20, 2020
Since the pandemic, India has created a robust regulatory and collaborative ecosystem and partnerships between various stakeholders under the National Biopharma Mission (NBM) to speed up vaccine development


Rukmini Rao
November 20, 2020
Kiran Mazumdar-Shaw, Chairperson of Karnataka's Vision Group on Biotechnology & Biocon group said that even if the current growth trends continue to be impacted by COVID-19 hiccups, Karnataka is estimated to reach $42 billion by 2025


Niti Kiran
November 20, 2020
Looking at the way demand has come back in the economy and positive sentiments in the market, experts expect the trend to continue for the upcoming quarters to see more companies improving their ability to service debt in the future


BusinessToday.In
New Delhi, November 20, 2020
Rating agency ICRA in its latest report has stated that the contraction in India's Gross Domestic Product (GDP) may narrow down to 9.5 per cent in the second quarter of the current financial year; ICICI Bank has launched a fully digital EMI plan, to be made available at leading retail stores, in partnership with Pine Labs; As COVID-19 cases rise in Delhi, Chief Minister Arvind Kejriwal announced on Thursday that the fine for not wearing a mask in public has been increased from Rs 500 to Rs 2,000. Watch this and more on News Blast.Also Read: RBI to open doors to Tatas, Birlas, Ambanis to set up banks


BusinessToday.In
November 20, 2020
The researchers also found that the URLs used for media are sequential and predictable, making it easier to predict the next URL in the hexadecimal sequence


Rupa Burman Roy
November 20, 2020
Among sectors, barring media and pharma, all the sectors closed in green territory, with banking, financials, IT, and FMCG closing above 1% each


Anand Adhikari
November 20, 2020
Large industrial houses like Aditya Birla group, Bajaj group, Mahindra and Mahindra, and Tata Sons already have large NBFCs with more than a decade of operations. In fact, these NBFCs are bigger than many mid-sized banks in the country


Manoj Sharma
November 20, 2020
Our estimate of Q2 FY21 is aligned with the economic growth seen by various economies in Q32020; GDP contraction halved in Q3 compared to Q2 for select 18 economies, say SBI Ecowrap report


Anand Adhikari
November 19, 2020
There is some hope with the new merger partner DBS Bank. But the bad loan story is not over yet as many fear the skeletons would tumble out of the closets in the months to come


Anand Adhikari & Rajeev Dubey
November 19, 2020
Jupiter Capital continues to hold a significant part of its holding in Lakshmi Vilas Bank


PTI
November 19, 2020
The Centre told a bench headed by Justice Ashok Bhushan that it is not a case of no action and no further indulgence may be given even if the petitioners say that there could be better option on this issue


Prasanna Mohanty
November 19, 2020
While India is firmly focused on AatmaNirbhar Bharat for a V-shaped recovery, its key fiscal numbers show the economy is slipping with falling capital expenditure, muted consumption and higher precautionary savings


BusinessToday.In
November 18, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


Rajeev Dubey
New Delhi, November 18, 2020
Reserve Bank of India (RBI) on Tuesday announced that Lakshmi Vilas Bank had been placed under moratorium by the Union Ministry of Finance till December 16 this year. The decision by the central government, at the request of the RBI, was prompted by a \"steady decline\" in Lakshmi Vilas Bank's financial position over the last three years. Watch as Rajeev Dubey, Editor, Business Today explains the direct impact of the decision on bank customers.Also Read: Lakshmi Vilas Bank under moratorium: What does it mean for depositors?


PTI
November 18, 2020
RBI said the penalty has been imposed for non-compliance with its directions contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016


PTI
November 18, 2020
Moody's said India and Indonesia are DBS' core foreign markets where it is actively growing its digital banking services, and had more than 3 million digital bank customers in these two markets at the end of 2019


Manoj Sharma
November 18, 2020
Scores of Lakshmi Vilas Bank customers have gone on panic mode since the moratorium was imposed; Manoharan says the bank has made adequate measures to provide cash to all customers within the prescribed limit


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