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'.
In its investor presentation, the bank said that the total aggregate Covid-related provision is 1.15 per cent of the total advances and provides for potential slippages from the above exposures including potential interest reversals.
Life insurance is an important financial tool for covering the risk of mortality, morbidity and longevity.
Mehta also said that following the recent capital increase of Rs 15,000 crore through Further Public Offering (FPO).
Officials serving state-run banks are paid much lower emoluments. Under Kumar, the bank has already completed a Rs 15,000-crore capital raise.
Moreover, this has further strengthened bank’s foundation with reinforced liquidity, which is well above the required regulatory norms, he added.
