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The Mumbai High Court will hear Kotak Mahindra Bank’s petition against the Reserve Bank of India (RBI) after the latter rejected its plan to reduce promoter shareholding by issuing perpetual non-cumulative preference shares (PNCPS). It would not be an exaggeration to say that the case’s outcome may change...
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March 12, 2019 Loknath Das
Banking
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KOLKATA: The role of two central bank nominees to the board of Lakshmi Vilas BankNSE -2.68 % would be in focus on Friday when the highest policy-making group at the lender meets to possibly consider a merger with a non-banking finance company (NBFC). An approval from the two nominees –...
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March 8, 2019 Loknath Das
Banking
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To minimize errors in the evaluation of high school and intermediate exam answer sheets, the UP Board is considering to get all the scripts rechecked before declaring the results. Till last year, only 15 per cent of the answer sheets were randomly chosen and re-evaluated by the board....
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February 13, 2019 Loknath Das
ALL Exam
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On Monday, the Supreme Court declined a plea of Essar Steel’s operational creditors for a stay against the tribunal’s order, paving the way for ArcelorMittal to take over the company. MUMBAI | KOLKATA: Bank of America Merrill Lynch emerged as the sole bidder in State Bank of India’s auction of...
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February 12, 2019 Loknath Das
Banking
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One of the principal claims made by Ripple for XRP is that it would free up $5tn that is “sitting dormant” in bank nostro/vostro accounts around the world. In a blogpost, Ripple says that this “ties up capital that could be used in more productive ways.” Using a digital...
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February 11, 2019 Loknath Das
Banking
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Representational Image NEW DELHI: The Central Board of Secondary Education (CBSE) has released the Admit Card for the CBSE correspondence candidates for Class 10 & 12. Students, who have taken direct admission in the Delhi Govt run CBSE correspondence school, can collect their Admit Cards by visiting...
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February 9, 2019 Loknath Das
CBSE
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