Jul 16, 2020-Thursday

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Thursday, Jul 16, 2020


Apr 11, 2020 20:15
LIC of India has assured its policyholders that the Death claims arising due to COVID-19 shall be treated at par with other causes of death and payments shall be made on an urgent basis. read more
Feb 11, 2020 19:52
Mallya’s lawyer, Claire Montgomery, challenged several aspects of the magistrates court’s ruling by judge Emma Arbuthnot, arguing that there are “multiple errors” of fact and understanding of documents in her judgement. read more
Sep 03, 2019 15:30
The government on Tuesday said it would infuse Rs 4557 crore and the state-run Life Insurance Corporation would pump in Rs 4700 crore for recapitalisation of IDBI bank read more
Jun 11, 2019 11:53
A six-month investigation commissioned by the province of British Columbia had scoured more than a million land titles for signs of illicit funds swirling through Canada’s most expensive housing market. read more
Apr 04, 2019 14:59
IDBI SO Recruitment 2019: 120 vacancies for specialist officers have been announced by the bank. Check all the details here. read more
Mar 05, 2019 10:55
“The Reserve Bank of India (RBI)... has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls,” Yes Bank said... read more
Mar 04, 2019 16:21
The bank has been levied the penalty for delayed implementation of four of the Swift related operational controls. Swift is the global messaging software used for transactions by the financial entities. read more
Jul 17, 2018 15:35
IDBI’s board will approve a preferential sale of shares to LIC at a meeting on Tuesday and probably inform the stock exchange of the decision and the open offer, sources aware of the matter said. read more
Jun 26, 2018 13:03
LIC already owns about 11% of IDBI, thanks to its previous participation in rescue missions. The new proposal is for it to take roughly half of the government’s 81% interest to become the majority shareholder read more
Jun 25, 2018 21:28
Party spokesperson Randeep Singh Surjewala said that another bank fraud worth Rs 6978.72 crore involving the Faridabad based SRS Group has come to light. He alleged that SRS Group reportedly used hundreds of shell companies to defraud 17 banks. read more
Jun 04, 2018 07:16
With the merger of state-run banks, the government hopes to help stem the rise in bad loans in their books at a time when poor asset quality has crippled the lending ability of some of them. read more
May 12, 2018 16:53
The judge in his order stated, “In the case, there is no record to show that the accused is contractor of, or representing Tata Communication Limited or Tata Teleservices. The prosecution has utterly failed to prove the role of the accused by adducing... read more
Apr 29, 2018 23:50
The Indian effort to make the Mallya case watertight has led the judge in Westminster magistrates court to describe its various facets as a “jigsaw puzzle”. read more
Mar 28, 2018 12:16
Soam of the fraudulent loans, issued during fiscal years 2009-2013 for fish farming businesses, were obtained against fake lease documents of non-existent fish ponds and by inflating the value of the collateral. read more