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1-10 results from 1000 for query «loan»

23 March, 2018 5:10 PM Union Bank of India shares crack over 9% on loan fraud worries

New Delhi: Shares of Union Bank of India today tumbled over 9 percent to hit a one-year low amid concerns over losses incurred in a Rs 1,394-crore loan fraud case. The stock plunged 9.13 percent to Rs 86.05 to hit its 52-week low on BSE. On NSE, shares of the company dove 9.13 percent to hit its one-year low of Rs 86.05. The CBI has booked a Hyderabad-based 31

23 March, 2018 3:24 PM SBI reported Kanishk Gold, Nathella Sampath as fraud accounts in 2017-end

The country's largest lender SBI today said it had classified Chennai-based jewellery firm Kanishk Gold Pvt Ltd (KGPL) as fraud account in November 2017. The sanctioned aggregate limits of Rs 215 crore by SBI in a consortium arrangement has been classified by the bank as fraud on November 16, 2017 for having misrepresented the financial statements from 2009 and liquidated 25

23 March, 2018 8:20 AM Apply For SBI's New Cheque Book Via State Bank Samadhaan App. Steps Here

Customers can order multi-city cheque books with 25 leaves via 'State Bank Samadhaan' app. Users can now apply for a new cheque book with State Bank of India (SBI)'s Samadhaan app, stated SBI on its twitter handle- @TheOfficialSBI. 'State Bank Samadhaan app' is a mobile app that enables customers to self-service themselves for as many banking needs as possible 33

21 March, 2018 1:02 PM Magicbricks-SBI online home festival generates interest from 70,000 buyers

Realty portal Magicbricks today said that its online home festival, in tie-up with SBI, has generated interest from potential 70,000 buyers. "The 'SBI-Magicbricks Big Bang Home Carnival' witnessed an overwhelming response from over 70,000 potential buyers who were interested in home buying or home finance," the company said in a statement. The online 44

19 March, 2018 3:30 PM UltraTech Offers To Buy The Stressed Binani Cement For Rs 7,266 Crore

The surprise move by UltraTech will be a test case for the new bankruptcy law. Mumbai: The top cement maker UltraTech Cement Ltd on Monday offered $1.1 billion to buy Binani Cement Ltd days after a rival bid in what could be a test case for the country's fledgling bankruptcy process. UltraTech, part of the Aditya Birla conglomerate, said Binani Cement's 49

16 March, 2018 2:29 AM Telangana Budget: Highest allocation for irrigation, agriculture

Water likely to be released on full-scale from Mallannasagar in 2019-20, says Eatala Telangana government has allocated the highest annual budget ever in the history of the country for irrigation, power subsidy and agriculture. The allocation for the three sectors constitutes 26% of the overall budget, said Finance Minister Eatala Rajender. A beaming 36

15 March, 2018 3:42 AM ICICI Bank may raise ₹4020 crore through brokerage arm listing

ICICI Bank will sell about 7.72 crore shares or 24% stake in its brokerage arm ICICI Securities Ltd. in an initial public offering to be launched next week. The bank will raise as much as ₹4,020 crore from the offering. The price range for the offering was set in the range of ₹519-520 per share and the IPO will open from March 22 to 26. The subscription 37

14 March, 2018 4:47 PM Suryoday bank opens first partner-led outlet

‘Former banker to run Chennai unit’ Mumbai-based Suryoday Small Finance Bank Ltd., (SSFB) opened its first ‘partner-led outlet’ in Chennai by joining hands with an experienced banker to expand its footprint, said a top executive. “The maiden outlet in Chennai will be managed by the former banker along with our staffer,” said R. Baskar Babu, managing 41

12 March, 2018 4:07 PM Finquest moves NCLT against Reid & Taylor

Seeks resolution for ₹750 crore dues Finquest Financial Solutions Pvt. Ltd has initiated bankruptcy proceedings against textile company Reid & Taylor (India) for defaulting on a loan of more than ₹750 crore. The company has moved the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code (IBC). Finquest has appointed 10

10 March, 2018 1:54 PM European bank, IREDA in €150 mn loan pact

To boost India green energy projects The European Investment Bank (EIB) on Saturday signed a €150 million loan agreement with the Indian Renewable Energy Development Agency (IREDA) to support renewable energy investments in India. “India is the world’s third largest electricity consumer,” European Investment Bank president Werner Hoyer said. “The strengthened 35