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Latest Articles in financial institutions

BBB Invites Bids For Conducting Background Verification Of Candidates

The firm will prepare a candidate verification report for every aspirant to provide the necessary inputs to the BBB members before the interactions of the individual personages with the bureau,

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RBI Asks Banks To Shift From LIBOR To Alternative Reference Rates By Dec 31

The RBI has also advised the financial institutions to cease using the Mumbai Interbank Forward Outright Rate (MIFOR), a benchmark which references the LIBOR, latest by December 31, 2021.

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U GRO Capital Performs Strongly In The Pandemic Ridden FY21

The total AUM of the company for FY2021 grew by 53% to ₹ 1,317 Cr as on March 2021 compared to ₹ 861 Cr in March 2020.

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Cabinet Approves Pact Between India, St Vincent And The Grenadines For Tax Info Exchange

The agreement also contains tax examination abroad provisions, which provide that a country may allow the representatives of the other country to enter its territory to interview individuals and examine records for tax purposes.

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IDBI Bank Strategic Sale: Govt Invites Bids From Merchant Bankers, Legal Firms

The transaction advisor will also assist in preparation of all documents like Preliminary Information Memorandum (PIM), organise roadshows to generate interest among the prospective buyers and suggest measures to fetch optimum value.

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Sebi Exempts Heineken International From Open Offer Obligation In UBL Case

The exemption is subject to certain conditions, including the proposed acquisitions should be under the relevant provisions of the Companies Act, 2013 and other applicable laws.

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IDBI Bank Invites Bids To Divest Stake In Asset Reconstruction Company

Arcil was incorporated in 2002 and is owned by banks like SBI, IDBI, ICICI, PNB and strategic foreign investors such as Avenue India Resurgence Pte Ltd.

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Micro Mobility Solutions To Reduce Traffic

Yulu Co-founder and CEO Amit Gupta talks about the tech-driven mobility platform that helps reduce urban pollution

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SBI Invites Bids From Arcs For Two Accounts For Recovering Rs 409 Cr

Kamachi Industries has an outstanding of Rs 355.93 crore against the bank and Tantia Agrochemicals owes Rs 53.52 crore.

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Intellect Launches Magic Aadhaar, An AI Powered Comprehensive Aadhaar Processing Solution

The solution further masks the first 8 digits of the Aadhaar Number, leaving the last 4 digits open and it is capable to run as a Real Time API or in bulk processing mode on the stored documents.

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Budget pegs FY22 disinvestment target at Rs 1.75 lakh crore

Budget pegs FY22 disinvestment target at Rs 1.75 lakh crore

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2020 In Review: Industry Reactions

The pandemic has transformative impacts on many businesses. Despite all the challenges due to the situation, many people have jumped into startups.

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China Issues Rules On Social Credit System Amid Public Concerns

The country has been developing a complex social credit system using data and other information to help assess the trustworthiness of individuals, companies and government entities, to help deter commercial fraud, tax and debt evasions.

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BOJ Loads Up $6 Billion In Ammunition In Rare Move To Combat Market Turmoil

Japanese financial institutions have repeatedly faced dollar funding strains in times of market stress, though the BOJ's dollar-funding operations have drawn little demand in recent months as markets remain stable.

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Bigbloc Construction completes major expansion; plant at full capacity

Bigbloc Construction completes major expansion; plant at full capacity

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