Banking

InvIT a runaway success; to help common man get 8.05% return: Nitin Gadkari
By NewsByts Team
0 Comments
Banking, Business, Economy, , , ,

InvIT a runaway success; to help common man get 8.05% return: Nitin Gadkari

The union minister for road transport and highways says, InvIT bonds offer an unique opportunity to the common men to participate in the country’s rapid infra building and get healthy return on their investments…Nitin Gandkari, union minister in-charge of road transport and highways, today said that the new avenue will be aimed at attracting common men into investing public infrastructure.Infrastructure Investment Trust (InvIT) bonds, a new mechanism to finance infrastructure projects through private investments, will help poor individuals get healthy return while at the same solve the…
Read More
Cronies are plundering the Banks’ loans; More than 50 percent of people appointed as the independent directors of the banks and PSUs are politicians from BJP’ : Prashant Bhushan
By NewsByts Team
0 Comments
Banking, Business, ,

Cronies are plundering the Banks’ loans; More than 50 percent of people appointed as the independent directors of the banks and PSUs are politicians from BJP’ : Prashant Bhushan

·      India is in dire need of transparency law in the banking system . ·      Time to demand right to job for every citizen with a standardized minimum wage. New Delhi,  20 August 2021: All India Bank Employees Association in its mission to share all the facets of banking sector today invited Shri Prashant Bhushan, Supreme Court lawyer and social activist, to be the speaker and share his perspective on the theme People’s Money for People’s Welfare.  While addressing attendees at the AIBEA National Seminar, he pointed our Banks are facing serious problems because of…
Read More
Utkarsh Small Finance Bank gets SEBI approval to float IPO
By NewsByts Team
0 Comments
Banking, Business, Economy, IPO Watch, Uttar Pradesh, , , ,

Utkarsh Small Finance Bank gets SEBI approval to float IPO

Varanasi, Uttar Pradesh based, Utkarsh Small Finance Bank Ltd, has received market regulator Securities and Exchange Board of India’s (SEBI) nod to raise Rs. 1350 crore through the Initial Public Offering (IPO) route. The company had filed DRHP with SEBI on March 5, 2019. The IPO consists of fresh issue aggregating up to Rs 750 crore and an offer for sale of up to Rs  600 crore by the selling shareholder Utkarsh Coreinvest Ltd. The equity shares, of face value Rs 10 each, will be listed on the National Stock Exchange…
Read More
Hyatt Regency Mumbai closed until further notice due to fund crunch
By NewsByts Team
0 Comments
Banking, Hospitality, Wellness, ,

Hyatt Regency Mumbai closed until further notice due to fund crunch

Five-star hotel property Hyatt Regency Mumbai on Monday issued a notice informing its on-roll staff that no funds are forthcoming from Asian Hotels (West) Ltd, that owns the property, to enable payment of salaries or to support the operations of the hotel. Therefore, the hotel has to be closed until further notice. Hyatt is an American hospitality firm that manages and franchises hotels. Hyatt is managing the property in Mumbai on a contract basis on behalf of Asian Hotels (West) Ltd. Hospitality industry old hand and former…
Read More
RBI impose penalty of 10 crores on HDFC Bank towards forcing auto loan cuy to buy GPS device.
By NewsByts Team
0 Comments
Banking, Business, , ,

RBI impose penalty of 10 crores on HDFC Bank towards forcing auto loan cuy to buy GPS device.

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 crore on HDFC Bank Limited for violation of certain rules, the central bank said on May 28.This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI said.An examination of documents in the matter of marketing and sale of third-party non-financial products to the bank's customers, arising from a whistle blower…
Read More
ESAF Small Finance Bank reports28.07% increase in operating profit
By NewsByts Team
0 Comments
Banking, Business, , ,

ESAF Small Finance Bank reports28.07% increase in operating profit

Kochi: Kerala-based social bank, ESAF Small Finance Bank has recorded a 28.07 % increase in its operating profit for the year ended March 31, 2021. The Operating profit increased from 324.70 crores to 415.84 crores despite the challenges faced during the year. Deposits have grown by 28.04% from ` 7028 Crore as at 31 March 2020 to ` 8999 Crore for the year ended 31 March 2021. Total CASA improved to ` 1748 Crores from ` 960 Crores marking a growth of 81.99% over the same period last year. CASA proportion to Deposits also significantly improved…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.