The last eight months of the Covid-19 pandemic provided us the opportunity to underscore our commitment to our strategy of staying focused on our employees & clients.
As the Reserve Bank of India is conducting a special audit in Srei Infrastructure Finance and its subsidiary Srei Equipment Finance, chairman Hemant Kanoria says the special audit will soon conclude and will quell all “unne
Currently, the venture has 160 touchpoints in West Bengal, Jharkhand and Karnataka, and it plans to expand the facilities to around 2000 in the next four years.
The average claim size for Covid is higher than an average retail claim, but we expect that the same would come down as the pandemic becomes less severe and with state-guided protocols in place.
The bench had said such IRP costs had been duly considered and provided by the resolution applicant in the resolution plan submitted and approved by the adjudicating authority.
Shetty says during the merger of Andhra Bank and Corporation Bank into Union Bank of India, Swift worked on minimising the challenges and ensured a smooth transition of cross-border transactions of the three banks into the am
Until recently, the Jaipur-based SFB had no presence outside western and northern India. In its pursuit of becoming a pan-India player, the bank forayed into south India in August and commenced operations in Bengaluru.
ArcelorMittal had acquired bankrupt Essar Steel last year, establishing a joint-venture with Japan’s Nippon Steel,called ArcelorMittal Nippon Steel India,under the CIRP following a long legal tussle.
Green shoots in the home loan segment are quite visible, and PNB Housing Finance is confident that the festival months will see a surge in the home loan market, says MD and CEO Hardayal Prasad.
Rishi Vasudev, CEO, Lifestyle & Home Centre, said the stores are recording a sharp decline in footfall compared to the last year due to coronavirus scare, but online sales are witnessing strong traction.
After Vistra ITCL (India), the largest independent corporate trustee in the country, invoked 17,00,000 equity shares on October 7, promoter shareholding in the company now stands at 4.92% from the earlier 7.26%.
Replying to shareholders at the company's AGM here, Amritanshu Khaitan, managing director, said, "Regarding the borrowing of the company, the company's debt position has become much more comfortable as compared to last year."
“In the pre-Covid period, our bank had a collection efficiency of 98% in micro loans. I expect at the end of the third quarter, we would be able to attain this figure comfortably," Ghosh said.
ICICI Prudential Life Insurance believes its performance demonstrates resilience in the context of the current economic environment, says chief distribution officer Amit Palta.
However, the amount of outstanding inter-corporate deposits (ICDs) to stressed promoter group companies increased compared with the year-ago period, and remain a cause of concern.
Some of the unconventional tie-ups for delivery of our products to consumers included diverse companies such as Dominos, Swiggy, Zomato, Dunzo, Amway etc.
Emami had last year acquired Creme 21, a Germany-based personal care brand, which has strong presence in Middle-East and European markets, for nearly Rs 100 crore.
Home loan products are now available in 302 banking outlets across the country, and the private sector bank will be ramping up the presence to cover a larger portion of its pan-India network of 4,559 banking outlets.
In the present scenario, medical tests are not feasible either because people are not willing to go for it owing to their safety or because of lockdown in many parts of the country.