On BSE, shares of ICICI Bank ended the day with a gain of 2.94 per cent, Bank of Baroda 2.29 per cent and Yes Bank 2.11 per cent.
RBI late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.
State-owned Bank of India said it has closed down its operations of representative office in Yangoon (Myanmar) from mid-January.
National E-Repository Ltd (NERL) announced it has tied up with BoB for extending finance to the farmers against pledge of warehouse receipts issued by the company.
CBI produced Kothari and his son Rahul before a Delhi court in connection with the loan default case and sought their transit remand to take them to Lucknow.
The CBI arrested Rotomac owner Vikram Kothari and his son Rahul for alleged default on loan repayments to the tune of Rs 3,695 crore, officials said.
CBI started questioning of Kothari at its HQs here in connection with alleged loan default of Rs 3,695 crore towards a consortium of 7 nationalised banks, officials said.
CBI said it has registered a case against pen maker Rotomac Global and officials of various banks in connection with an alleged 29.19 billion rupees loan scam.
Shares of UCO Bank plunged 11.26 per cent, those of Union Bank of India - 10.94 per cent, Allahabad Bank - 10.77 per cent and Bank of Baroda - 9.28 per cent.
As investigations into the Rs 11,400 cr scam at PNB, officials at overseas branches of other banks, where the fraudulently issued LoUs were encashed, are under scanner.
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Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
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Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co