In an interview to CNBC-TV18, Krishnan ASV of SBICAP Securities shared his views and readings on banking space.
The move will benefit nearly 25 crore of the bank's customers.
Bank of India recovered non-performing assets (NPAs) worth Rs 7,000 crore. In an interview with CNBC-TV18, Dinabandhu Mohapatra, MD and CEO of the company shared his views and outlook for NPAs going ahead.
PNB, the second-biggest Indian state-run lender, uncovered in January the alleged fraud in which certain bank officials were suspected of colluding with Modi and Choksi to issue fraudulent letters of undertaking (LoUs) for their firms to raise loans from overseas branches of mostly Indian banks.
Tata Sons, the holding company of the Tata Group is selling a small stake in its crown jewel Tata Consultancy Services (TCS). This will help Tata Sons raise around Rs 8,000 crore, which it can then use to invest in other group companies. In an interview with CNBC-TV18, Ravi Menon, Analyst-IT Services at Elara shared his views and outlook on the same.
The company currently is running at 85 percent capacity utilisation, said Ravi Jhunjhunwala, Chairman & MD, HEG.
After Axis Bank, HDFC Bank and Tata Motors, Bata India is the fourth company related to whom the regulator has passed an order in the high-profile case of leakage of sensitive financial details prior to formal announcement of quarterly results.
The bank said it was lead bank of the consortium in case of two group companies of Sterling Group and the exposure to these companies is Rs 578.57 core and Rs 568.35 crore.
The transaction is expected to close in the second quarter of 2018.
The SBI had filed a complaint with the CBI in this regard alleging that its NRI Seawoods branch in Navi Mumbai had issued a Foreign Travel Cards for which the prepaid application is provided by Yalamanchili Software Exports Ltd and database support resources are provided by MPhasis, they said.
The decision will be taken at the company's board meeting scheduled on Thursday.
The Resolution Professional has been directed by the Committee of Creditors to take further necessary actions in the matter, the filing said.
A bench headed by Chief Justice Dipak Misra also imposed a cost of Rs 25 lakh on J M Financial Asset Reconstruction Company Ltd (JMFARCL), which had taken over some loans advanced by HDFC Bank to Unitech Limited.
From April 2014 onwards, in matters relating to nine cases, certain "irregularities" have come to notice due to which State Trading Corporation (STC) had suffered financial losses, Minister of State for Commerce and Industry C R Chaudhary said in a written reply to the Lok Sabha.
Tata Sons is looking to sell around 2.83 crore shares amounting to about 1.48 per cent stake in TCS and the transaction is likely to be happen this week, the sources added.
This recovery will substantially improve the Bank's balance sheet, Bank of India Executive Director N Damodharan told reporters here.
In a notification issued earlier in the wake of a Supreme Court order, the department had sought closure of tapping fresh minerals from March 13 onwards.
Both the companies have sought approval from their shareholders to "enter into, execute and deliver the master supply agreement" with each other, they said in separate regulatory filings.
According to the bulk deal data available with BSE, Thai Union Group Public Company offloaded 44 lakh shares, amounting to 9.69 per cent stake in Avanti Feeds.
Savex will support Huawei in developing resellers to market and promote products and services to enterprise customers in India.
Ba2 rating means that this instrument has substantial credit risk.
Stating it as the highest-ever dividend declared by Nalco, its CMD Tapan Kumar Chand presented a cheque amounting to Rs 546.95 crore as interim dividend to the Centre.
HPCL and gas utility GAIL India had in January last year signed an MoU with Andhra Pradesh for setting up a petrochemical complex at Kakinada.
The Bengaluru-headquartered tech giant said in a statement that the low volume of trade was not adequate for it to remain on the two exchanges, as per administrative requirements.
Asked whether roll out of VoLTE service would happen this year, Vodafone, Tamil Nadu, Business-Head, S Murali said, "(we) should be (launching it)".