BUSINESS
Axis Bank reappoints Shikha Sharma as CEO and MD for another 3 years
Earlier this week, a news report suggested that Tata Sons’ Chairman N Chandrasekaran has sounded out Sharma to hire her as head of Tata’s financial services vertical. The bank had strongly denied the reports
BUSINESS
DCB Bank posts 38% rise in Q1 FY18 at Rs 65 crore; NPAs inch up
Gross non-performing assets (NPAs) showed a slight uptick the ratio at 1.74 percent of total advances while net NPA ratio edged up to 0.92 percent
BUSINESS
Gujarat High Court to continue hearing Essar Steel insolvency case tomorrow
The Gujarat High Court will be hearing Essar Steel's plea today challenging the Reserve Bank of India's order directing lenders to refer the debt-laden company to the National Company Law Tribunal.
BUSINESS
Essar Steel vs RBI: Gujarat High Court postpones hearing case to July 12
Lawyers say order may be in favour of RBI as the bankruptcy code is clear that no civil court shall entertain any such matter.
BUSINESS
SBI cuts interest rate on home loans above Rs 75 lakh
State Bank of India (SBI), country’s largest lender cut interest rate on home loans above Rs 75 lakh by 10 basis points (bps) to 8.60 percent.
