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“Well run large NBFCs, with an asset size of Rs 50,000 crore and above, including those which are owned by a corporate house, may be permitted to convert to banks provided they have completed 10 years of operations,” the RBI working group has proposed.
HDFC Bank faces class action suit for 'reckless acts'The lawsuit has been filed against HDFC Bank, outgoing managing director Aditya Puri, CEO-designate Sashidhar Jagdishan, and company secretary Santosh Haldankar. The lawsuit has been filed in the United States District Court… Read MoreFranklin’s shut plans get Rs 698 cr more cashThe six shutterd schemes of Franklin Templeton have received Rs 698 cr from maturities, pre-payments and coupon payments during the first fortnight of September 2020.
from Stocks-Markets-Economic Times https://ift.tt/2ZP71cF… Read MoreIf govt loses majority, PSBs will be orphaned, says IcraSix public lenders including Indian Overseas Bank, UCO Bank, Bank of Maharashtra, Punjab and Sind Bank, Bank of India and Central Bank of India remained independent post the amalgamation of major PSBs on April 1.
from Stocks… Read MoreMistry family sends notice to Tata Sons Board for fiduciary lapses and damagesThe notice has sought an explanation from the board members, particularly the independent directors whether the oppressive action that causes prejudice to a minority shareholder was with their concurrence.
from Stocks-Market… Read MoreUp 80% in 6 months, this stock may still have 5% more upsideThe company announced post market hours Thursday that it had settled a patent suit in the US for sale of a generic version cancer drug in that market. The short-term range for the stock is 4,546-5,054.
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