Stock market ends in green in a volatile session
At close, the Sensex was up 301.93 points or 0.36% at 83,878.17, and the Nifty was up 106.95 points or 0.42% at 25,790.25.
At close, the Sensex was up 301.93 points or 0.36% at 83,878.17, and the Nifty was up 106.95 points or 0.42% at 25,790.25.
In a latest development in the PMLA case involving industrialist Anil Ambani, former Yes Bank CEO Rana Kapoor on Monday joined the Enforcement Directorate’s (ED) investigation. Kapoor appeared at the ED headquarters in New Delhi for questioning.
Reliance Infrastructure Ltd on Monday announced that it has fully settled a loan of approximately Rs 273 crore, including interest, owed by its wholly owned subsidiary, JR Toll Road Pvt Ltd (JRTR), to Yes Bank.
The extension comes as the Mumbai-based bank has launched the search for a new CEO and is engaging with global recruitment firms.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 29,60,000 on Yes Bank Limited for non-compliance with certain directions issued by the apex court on ‘Financial Statements Presentation and Disclosures'.
The meeting is scheduled to be held on January 22. On the same day bank’s Board will also consider and approve the results for the quarter ended December.
Shares Sibal Logistics Ltd. ended 9.99 per cent higher on Friday at Rs 18.39 share apiece.
The case relates to ED's money laundering probe in which the central probe agency had said that Yes Bank had a total outstanding of Rs 3,642 crore against Cox & Kings Group of Companies (CKG).
The prepaid card can be loaded with balance and used for spends such as purchases, payment for utility bills, online shopping, ticket bookings and cash withdrawal at ATMs alongwith various benefits.
The bank has already made provisions for Rs 24,476 crore which represents 76 per cent of GNPA.
