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Latest Articles in Banking Finance

Adar Poonawalla Exits Panacea Biotec; Sells Entire Stake For Rs 118 Crore

As per BSE block deal data, Poonawalla sold 31,57,034 scrips he held in the firm at a price of Rs 373.85 per share, taking the total deal value to Rs 118.02 crore.

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Canara Bank Registers Rs 1,011 Cr Profit In Q4

Total income on a standalone basis during January-March rose to Rs 21,522.60 crore as against Rs 14,222.39 crore in the year-ago period, Canara Bank said in a regulatory filing.

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NBFCs Double-Digit Growth In Q2, Q3 Of FY21 Points To Resilience: RBI Article

The profitability of NBFCs dipped in the immediate aftermath of the COVID-19 in the first quarter of 2020-21, as businesses suffered economic losses due to nation-wide lockdowns.

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Federal Bank Standalone Net Jumps 59 % To Rs 478 Cr In Mar Quarter

Total income on a standalone basis, however, was down at Rs 3,832 crore in Q4FY21, as against Rs 4,108 crore in the corresponding quarter of FY20

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Yes Bank To Sell Property Of E Commerce Magnum Solution For Recovery Of Rs 345 Cr

The e-auction will take place under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act.

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Govt Appoints Vandita Kaul As Nominee Director On Board Of Bank Of India

Bank of India has a total of eight members on its board, including the MD and CEO Atanu Kumar Das, its four executive directors, one nominee director each from the government and the RBI and one shareholder director.

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RBI Cancels Licence Of West Bengal-Based United Cooperative Bank

United Co-operative Bank has been prohibited from conducting the business of 'banking' which includes acceptance of deposits and repayment of deposits with immediate effect.

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World Bank Estimates That Full Recovery Will Take 5 Years: Chirag Mehta. Sr. Fund Manager- Alternative Investments, Quantum AMC

In an interview with BW Businessworld, Chirag Mehta. Sr. Fund Manager- Alternative Investments, Quantum AMC, talks about industry, US economy, vaccine and more

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Banks To Remain Shut On 13-14 May

However, all the online service including online transactions, mobile banking and ATMs services will be accessible.

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Four Habits That Can Damage Your Mutual Fund Portfolio

While mutual fund investing is relatively simple in principle, there are in fact a few all too common mistakes that can wreak havoc on your portfolio and negate your chances of making good returns from them. Be careful to not make these mistakes.

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SBI CGM Nair To Be CEO Of National Asset Reconstruction Company

Finance Minister Nirmala Sitharaman in the budget for 2021-22 had announced that an asset reconstruction company or a bad bank would be set up to consolidate and take over existing stressed assets of lenders and undertake their resolution.

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Yes Bank Appoints Indranil Pan Chief Economist

Pan and his team will provide strategic and policy-level inputs for the bank, based on macroeconomic developments at global and national level, a statement said.

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PC Jeweller Case: Sebi Fines, Bars 4 Individuals, 1 Entity From Securities Mkt

The individuals and entity facing the action are Shivani Gupta, Sachin Gupta, Amit Garg, Balram Garg and Quick Developers Pvt Ltd (QDPL). A fine of Rs 20 lakh has been imposed on each of them.

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Jana Small Finance Bank Launches I Choose My Number Feature

The allocation of the account number chosen by the customer will be subject to availability of the requested number

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J&K Bank Defers Board Meet On Proposed Rs 500 Cr-Capital Infusion From State Govt

Stock of J&K Bank traded at Rs 26.10 apiece on BSE, up 2.76 per cent from previous close.

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