Articles for Private Bank

Former Kotak joint MD Krishnan Venkat Subramanian is new Federal Bank MD & CEO
5 months ago

Former Kotak joint MD Krishnan Venkat Subramanian is new Federal Bank MD & CEO

New Indian Express  

KOCHI: Krishnan Venkat Subramanian, who was the joint managing director of Kotak Mahindra Bank, will succeed Shyam Srinivasan as the managing director and CEO of Aluva-headquartered Federal Bank. In a communique to the stock exchanges, Federal Bank said the Reserve Bank of India approved the appointment of Subramanian as its MD & CEO when the term of Srinivasan expires on …

Subramanian Srinivasan Kotak Federal Bank Private Bank
Uttar Pradesh: Assistant manager booked for funnelling over Rs 25 crore from private bank in Noida
1 year ago

Uttar Pradesh: Assistant manager booked for funnelling over Rs 25 crore from private bank in Noida

India TV News  

Noida news: An employee of a private bank in Noida has been booked for allegedly cheating by illegally transferring more than Rs 25 crore into accounts of his relatives and other associates, police said today. Image Source : INDIA TV Assistant manager of private bank booked for funnelling over Rs 25 crore from Noida bank What DCP said on this …

Uttar Pradesh Bank South Indian Noida Fir Manager Assistant
Sensex ends 215 pts lower; Adani Ent, Kotak, Axis lag; Bajaj twins jump
1 year, 6 months ago

Sensex ends 215 pts lower; Adani Ent, Kotak, Axis lag; Bajaj twins jump

Live Mint  

Domestic equity benchmarks remained in the red for most of the session with Sensex and Nifty dropping around 0.35% in today's session. Indices remain under pressure after a firm start as Sensex falls more than 150 pts and Nifty around 50 pts; Bajaj twins shine, while Kotak Bank drags View Full Image Sensex at Noon Coal India OFS: Government to …

India Growth China Stocks Market Uttar Pradesh Indian
TMS Ep390: Private capex, India's Oscar success, PSU stocks, bank run
1 year, 9 months ago

TMS Ep390: Private capex, India's Oscar success, PSU stocks, bank run

Business Standard  

For the coming financial year, Economic Survey 2023 has predicted a sustained increase in private capex. The survey also quoted an Axis Bank report, which showed that India Inc’s capex increased to Rs 3.3 trillion in the first half of the current financial year. Despite FY23’s divestment timeline being missed after the proposed stake sale in Hindustan Zinc turned uncertain, …

India Indian Oscar Private Capex Bank Run
RBI cancels certificate of registration of 17 NBFCs. Check details here
1 year, 9 months ago

RBI cancels certificate of registration of 17 NBFCs. Check details here

Live Mint  

The Reserve Bank of India on Friday cancelled the Certificate of Registration of 17 non-banking financial companies. The list includes Dhanbad Properties Private Ltd, Soorya Vanijya & Investment Ltd., Jainex India Ltd, Jayam Vyapaar Pvt Ltd, and JM Holdings Pvt Ltd, Wide Range Sales Pvt. Ltd, Syn Pack Finance Pvt Ltd, B D Vanijya Udyog Pvt Ltd, Quency Consultancy Pvt …

Bank Rbi Pvt Nbfc
US govt should mull bailout as possible option: Bill Ackman on SVB crisis
1 year, 9 months ago

US govt should mull bailout as possible option: Bill Ackman on SVB crisis

Live Mint  

The US government should consider a ‘highly dilutive’ bailout of SVB Financial Group if a private capital solution can’t be provided, according to top US investor and hedge fund manager Bill Ackman. “The failure of SVB Financial could destroy an important long-term driver of the economy as VC-backed companies rely on Silicon Valley Bank for loans and holding their operating …

Financial Svb Svb Financial
CBI books directors of Chennai steel firm for cheating bank of ₹25.89 crore
1 year, 11 months ago

CBI books directors of Chennai steel firm for cheating bank of ₹25.89 crore

The Hindu  

The Central Bureau of Investigation has booked the directors of a steel firm on charges of cheating the Indian Overseas Bank and causing a loss to the tune of ₹25.89 crore. The agency’s Economic Offences Branch has registered a case against M/s SAR ISPAT Private Ltd., and its directors Sanjay Kumar Sharma, Sandeep Kothari, Vikranth Sharma and others, for the …

Bank Crore Fir
Writ Jurisdiction Can Be Invoked For Commercial Transactions Between Private Person & Public Body Involving Element Of Public Law: Calcutta HC
2 years ago

Writ Jurisdiction Can Be Invoked For Commercial Transactions Between Private Person & Public Body Involving Element Of Public Law: Calcutta HC

Live Law  

The Calcutta High Court has held that writ jurisdiction of High Courts under Article 226 of the Constitution is invocable even for cases involving ordinary commercial transactions between private persons and public bodies as long as some element of public law is involved in the said commercial transactions. The dispute involved in the instant writ petition arose out of loans …

Jurisdiction Writ Jurisdiction Court Public Law Bank Writ Interest
HDFC MF launches sectoral exchange-traded funds Nifty IT and Nifty Private Bank
2 years, 1 month ago

HDFC MF launches sectoral exchange-traded funds Nifty IT and Nifty Private Bank

Live Mint  

HDFC Asset Management Co. Ltd has announced the launch of two exchange-traded funds – Nifty IT ETF and Nifty Private Bank ETF. The HDFC Nifty IT ETF seeks to benefit from structural tailwinds in tech spending including growth of cloud computing, while the HDFC Nifty Private Bank ETF offers exposure to private banks which have better fundamentals relative to sector …

Bank Index Nifty Funds Private Hdfc Etf
Government faces mass claim over coronavirus data bank leaks
3 years ago

Government faces mass claim over coronavirus data bank leaks

Dutch News  

A new foundation is preparing to take legal action against the government for failing to properly secure personal information held in the regional health board coronavirus data bank. Leaks in the system meant that all 26,000 people working for the health boards were able to access private information relating to 6.5 million people, including their vaccination status and if they …

Information Foundation
Government faces mass claim over coronavirus data bank leaks
3 years ago

Government faces mass claim over coronavirus data bank leaks

Dutch News  

A new foundation is preparing to take legal action against the government for failing to properly secure personal information held in the regional health board coronavirus data bank. Leaks in the system meant that all 26,000 people working for the health boards were able to access private information relating to 6.5 million people, including their vaccination status and if they …

Information Foundation
CBI books private company, others for causing loss of Rs 2435 crore to banks
3 years, 6 months ago

CBI books private company, others for causing loss of Rs 2435 crore to banks

India TV News  

The Central Bureau of Investigation on Thursday registered a case against a Mumbai-based private company and its officials for causing an alleged loss of Rs 2435 crore to banks including the State Bank of India. It was alleged that the accused had cheated the SBI and other consortium member banks including Bank of Maharashtra, Axis bank, Yes Bank, Corporation Bank, …

Cbi Private Company Books Private Rs 2435 Crore Banks Including
J&K CID Searches 22 Places In Kashmir, Jammu And Delhi In Connection With Irregular Financial Transactions
4 years, 1 month ago

J&K CID Searches 22 Places In Kashmir, Jammu And Delhi In Connection With Irregular Financial Transactions

ABP News  

The Jammu and Kashmir CID on Saturday conducted searches against several suspects in connection with investigation of case FIR no 29/ 2020 U/S 120-B, 409, 477-A of IPC & Section 13 & of Prevention of corruption Act and Section 13, 39 UA Act of P/S CIK Srinagar.A total of 22 premises spread over Srinagar, Budgam, Anantnag, Jammu and Delhi which …

Bank Jammu Str Bank Officials Officials Obtained
No Special Knowledge Needed To Know That Offshore Entities Are Used To Launder Unaccounted Money : ITAT
4 years, 5 months ago

No Special Knowledge Needed To Know That Offshore Entities Are Used To Launder Unaccounted Money : ITAT

Live Law  

The Income Tax Appellate Tribunal has upheld an order passed by the Commissioner of Income Tax holding Renu Tharani, a woman in her late eighties, to be liable to pay tax on over Rs.196 crore that has been stashed abroad in HSBC Private Bank, Geneva, Switzerland in the name of Tharani Family Trust, of which the assessee is a beneficiary. …

Geneva Income Tax Bank Investments Order Bangalore Tribunal
Writ Petition Maintainable Against Private Bank For Enforcement Of RBI Circular On Loan Moratorium : Karnataka HC [Read Order]
4 years, 5 months ago

Writ Petition Maintainable Against Private Bank For Enforcement Of RBI Circular On Loan Moratorium : Karnataka HC [Read Order]

Live Law  

The Karnataka High Court on Wednesday ruled that a writ Petition under Article 226 of the Constitution of India is maintainable against private banks as regards implementation of the loan moratorium announced by the Reserve Bank of India in the wake of lockdown. "What is to be seen here is whether the prayers sought for by the Petitioner for implementation …

India Karnataka Court Loan Respondent Public Rbi