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YES Bank to sell property of Magnum Solution for recovery of Rs 345 crore

YES Bank has invited bids for sale of immovable assets of a borrower, E Commerce Magnum Solution Ltd, to recover dues of...

RBI cancels licence of United Co-operative Bank over inadequate capital and earnings

The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of the United Co-operative Bank Ltd, Bagnan in...

RBI announces second tranche of open market purchase under G-SAP for Rs 35,000 crore

The Banker's Bank, RBI on May 12 announced the second tranche of Open Market Purchase of Government of India Securities under G-sec...

PNB to raise 1800 crore from share sale; sets floor price at Rs 35.51 per share

Punjab National Bank on Monday launched a so-called qualified institutional placement (QIP) offer to raise as much as Rs1,800 crore from institutional...

Cabinet approved Strategic Divestment Plan of IDBI Bank

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday has given its in-principle approval for strategic disinvestment...

Axis bank reduce stake in yes bank

Axis Bank has reduced its stake in Yes Bank from 2.39 per cent in December 2020 quarter to 1.96 per cent in...

RBI imposes Rs 3 crore penalty on ICICI Bank over rule violations

The Reserve Bank of India (RBI) on May 3 imposed a monetary penalty of Rs 3 crore on ICICI Bank for certain rule violations.

SBI board approves plan to raise $2 bn via bonds

The country’s largest lender SBI said its board has approved raising up to $2 billion (about ₹14,880 crore) through bonds this fiscal....

RBI imposes Rs 40 lakh penalty on Himachal Pradesh State Cooperative Bank

The Reserve Bank of India on Tuesday said it has imposed a penalty of Rs 40 lakh on Himachal Pradesh State...

SBI Mutual Fund to launch SBI Nifty Next 50 Index Fund

SBI Mutual Fund on April 26 announced the launch of SBI Nifty Next 50 Index Fund, an open-ended index scheme which, it...

JPMorgan is preparing to offer a Bitcoin fund to wealthy clients

As interest in cryptocurrencies grows, J.P. Morgan Chase has decided to give some of its customers what they want.

SEBI imposes Rs 25 crore penalty on YES Bank in AT1 bonds case

Securities and Exchange Board of India (Sebi), on April 12 imposed a monetary penalty of Rs 25 crore on private sector lender,...

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Reliance market cap falls by ₹1.3 trillion in 2 days as AGM announcements disappointed investors

Reliance Industries Ltd (RIL) has lost nearly Rs1.30 trillion market value in the last two sessions as a lack of major announcements...