CBI books Ruchi Global, its directors for Rs 188 crore bank fraud
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The CBI has filed an FIR against Ruchi Global Limited and its directors for allegedly cheating a consortium of banks led by Bank of Baroda to the tune of Rs 188.35 crore, officials said on Wednesday.
The agency carried out searches at the premises of the acc
Shocked by Covid deaths, young Indians rush for life insurance
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During devastating second wave in April and May, the numbers of people aged between 25 and 35 buying term insurance was 30% higher than in previous 3 months combined, said PolicyBazaar
ICICI Bank raises Rs 2,827 crore by issuing bonds on pvt placement basis
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Private sector lender ICICI Bank has raised more than Rs 2,827 crore by issuing bonds on private placement basis.The bonds carry a coupon rate of 6.45 per cent per annum payable annually and were issued at par. There are no special rights or privileges attach
ICICI Bank raises Rs 2,827 cr by issuing bonds on private placement basis
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ICICI Bank on Tuesday said it has raised over Rs 2,827 crore by issuing bonds on a private placement basis.
Its board of the directors in April this year had approved the fundraising through the issuance of debt securities.
«Pursuant to the same, the
Reserve Bank of India imposes Rs 11 lakh penalty on 2 co-op banks
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The RBI has imposed penalty totalling Rs 11 lakh on Bijnor Urban Co-operative Bank Limited, Bijnor and National Urban Co-operative Bank Limited, New Delhi for contravention of certain norms
No more space for monetary steps, tough task ahead for RBI: SBI Report
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The report said RBI will face a multiplicity of challenges and a potential inflation uptick that has all the prospects to turn ugly with a marauding global commodity cycle
Bank of Maharashtra plans to raise up to Rs 2,000 cr through QIP
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State-run Bank of Maharashtra is looking to raise up to Rs 2,000 crore through qualified institutional placement (QIP) route before July-end, its Managing Director and CEO A S Rajeev said.
In April this year, the Pune-based lender had received board approva
Bank of India allots shares to govt for Rs 3,000 crore capital infusion
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State-owned Bank of India on Friday said it has allotted preference shares to the government for Rs 3,000 crore capital infusion.
The bank has allotted 42,11,70,854 fresh equity shares of Rs 10 each to the government (promoter) at Rs 71.23 per share, amounti
