Public sector lender SBI said its joint venture partner IAG will sell entire 26 per cent stake in its subsidiary SBI General Insurance to Napean Opportunities and WP Honey Wheat lnvestment Ltd for an undisclosed amount. Continue Reading
Ever since Punjab and Maharashtra Cooperative Bank (PMC Bank) crisis unfolded, citizens across India are worried by the mounting financial stumbles that have plagued our nation as our economy continues to stumble downward. In this article, News Today compiles a list of major white-collar crimes that rocked our country. Continue Reading
Eight of the 10 most valued domestic companies together added Rs 77,222.53 crore in market valuation last week, propelled by sharp gains in HDFC twins and ITC. Continue Reading
Apex development financial institution NABARD and State Bank of India have signed a Memorandum of Understanding (MoU) for formation and credit linkage of 13,00 joint liability groups (JLGs) across Tamilnadu.
To recover its loans from Jet Airways, state-run lender SBI is mulling moving National Company Law Tribunal as it feels the airline is running out of funds for operations, even as shareholders of the debt-laden carrier have approved a debt rejig plan, officials said. Continue Reading
The imposition of safeguard duty on imported solar panels will result in higher cost for future solar power projects, impacting the sector’s competitiveness, The Energy and Resources Institute (Teri) said. Continue Reading
The Reserve Bank of India’s (RBI) decision to raise the repo rate by 25 basis points (bps) to 6.50 per cent is a ‘win-win’ situation for both markets and the banks as inflation is expected to rapidly decelerate to sub-five per cent in coming months, suggests the report from the Economic Research Department of State Bank of India (SBI). Continue Reading