The Supreme Court (SC) on Friday rejected bail plea of YES Bank’s founder Rana Kapoor in connection with a money laundering case, saying the case had “rocked the entire banking system”. The court also questioned why the Enforcement Directorate (ED) is taking so long to investigate the Rs 3,642-crore YES Bank scam. … Continue reading SC rejects YES Bank founder Rana Kapoor’s bail in money laundering case
Tag: Bank
Bank of Baroda to report Q1FY24 results on Aug 5; here’s what to expect
Bank of Baroda Q1FY24 results preview: State-owned Bank of Baroda (BoB) is set to report its June quarter (Q1) results for financial year 2023-24 (FY24) on Saturday, August 5. Brokerages, however, remain divided on the quantum of net profit growth, on a year-on-year basis, as provisions and tax outgo may dent earnings. … Continue reading Bank of Baroda to report Q1FY24 results on Aug 5; here’s what to expect
Karnataka Bank announces net profit of Rs 370.70 crore for June quarter
Karnataka Bank. Source: Wikipedia Karnataka Bank has posted a net profit of Rs 370.70 crore during the first quarter of the current financial year as against Rs 114.18 crore recorded during the corresponding quarter of the previous year, with a year-on-year (YoY) growth rate of 224.66 per cent. A meeting of the board… Continue reading Karnataka Bank announces net profit of Rs 370.70 crore for June quarter
You can earn up to 7.25% on your savings account with this bank: Details
Effective 1 August, Fincare Small Finance Bank is offering an interest rate of 7.25% on Savings Account (with balance above Rs 5 Lakhs and including Rs 25 lakh. The revised Savings Bank Deposits rates w.e.f. 1st August 2023 are given below: “At Fincare Small Finance Bank, our focus has always been on empowering our customers… Continue reading You can earn up to 7.25% on your savings account with this bank: Details
Association with World Bank will prove beneficial for UP: CM Adityanath
Uttar Pradesh is a state with limitless possibilities and its association with the World Bank will prove to be beneficial and fruitful for the state, he said Uttar Pradesh is a state with limitless possibilities and its association with the World Bank will prove to be beneficial and fruitful for the state, Chief Minister… Continue reading Association with World Bank will prove beneficial for UP: CM Adityanath
Indian Rupee not legal tender for domestic payments: S Lanka Central Bank
Sri Lanka’s Central Bank said on Wednesday that no domestic transactions would be allowed with the Indian Rupee in the island country, as it warned people not to be misled by inaccurate information surrounding the issue. The apex bank said that even though the Indian Rupee (INR) has been endorsed as a designated… Continue reading Indian Rupee not legal tender for domestic payments: S Lanka Central Bank
Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch
Nifty Private Bank index faces resistance, sideways trend in focus The Nifty Private Bank index (last close: 23,415.70) is currently encountering a near-term challenge with significant resistance expected in the range of 23,550 to 23,650 on a closing basis. Only if the index manages to breach this range, the next resistance level of 23,900 may… Continue reading Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch
IDBI Bank moves NCLAT against Zee Entertainment to challenge NCLT order
IDBI bank has moved the National Company Law Appellate Tribunal (NCLAT) against Zee Entertainment to challenge an NCLT order, which rejected the private lender’s plea to initiate insolvency proceedings against the media major. IDBI’s petition has been listed for hearing on Wednesday before a bench comprising Chairperson Justice Ashok Bhushan and Member Barun… Continue reading IDBI Bank moves NCLAT against Zee Entertainment to challenge NCLT order
GST evasion, money laundering, bank fraud cases & more
Rs. 14,302 cr of GST evasion detected in April, May As many as 2,784 cases of GST evasion involving Rs. 14,302 crore were detected in the first two months of the current financial year, while Rs. 5,716 crore was recovered during the period, Parliament was informed on Monday. Finance Minister Nirmala Sitharaman in… Continue reading GST evasion, money laundering, bank fraud cases & more
Societe Generale buys Bandhan Bank shares for Rs 382 cr at Rs 218.60 apiece
Financial services company Societe Generale on Monday bought shares of private lender Bandhan Bank for Rs 382 crore through open market transactions. According to the bulk deal data available with the BSE and National Stock Exchange (NSE), Societe Generale purchased 85.51 lakh shares on the BSE and 89.23 lakh shares on the NSE.… Continue reading Societe Generale buys Bandhan Bank shares for Rs 382 cr at Rs 218.60 apiece