RBI imposes Rs 1 cr fine on LVB, Rs 75 lakh on Syndicate Bank for violating norms In a similarly worded release, it said a monetary penalty of Rs 75 lakh has been imposed on Syndicate Bank for non-compliance with the directions issued by RBI on frauds classification and reporting; innovative housing loan products wherein upfront disbursal of loans is done.
Stocks in the news: Cipla, Reliance Capital, Glenmark Pharma, Lakshmi Vilas Bank, Voltas Reliance Capital | Kajaria Ceramics | Glenmark Pharma | Lakshmi Vilas Bank | Syndicate Bank and Voltas are among stocks which are in news today.
Stocks in the news: Reliance Capital, Kajaria Ceramics, Glenmark Pharma, Lakshmi Vilas Bank, Syndicate Bank, Voltas Reliance Capital | Kajaria Ceramics | Glenmark Pharma | Lakshmi Vilas Bank | Syndicate Bank and Voltas are among stocks which are in news today.
Trade Setup for Monday: Top 15 things to know before Opening Bell Foreign institutional investors (FIIs) sold shares worth Rs 213.6 crore, while domestic institutional investors (DIIs) bought shares of worth Rs 458.68 crore in the Indian equity market on September 27.
Banking wrap: RBI issues draft norms for SFB licensing; govt asks lenders to use NCLT as last resort Weekly wrap: RBI's new loan pricing norm may put banks in a fix, NBFCs' outlook remains grim and a checklist for customers of merging PSBs
Explained: Here's a checklist to track if your bank is getting merged Punjab National Bank, Union Bank of India, Canara Bank and Indian Bank are the anchor banks and customers of these banks will not be affected.
Stocks in the news: Bajaj Finance, Tech Mahindra, TCS, Ashok Leyland, Datamatics Global Orient Green Power Company | Bajaj Finance | Prabhat Dairy | Sundram Fasteners | TCS and Datamatics Global are stocks, which are in news today.
Bank mergers: Here is how the insurance JVs and policy holders will be impacted In cases where one bank promotes two insurers in same category post merger, the companies will either have to be merged or sold
After big bang PSU banks merger, what should investors do and which stocks to buy? Abhimanyu Sofat of IIFL Securities said merger of relatively better run Indian Bank with Allahabad Bank is disappointing.
PSU banks rally amid mega merger buzz; Syndicate, Allahabad, OBC gain 4-9% The Nifty PSU Bank index recovered 3.7 percent from day's low after this merger news and gained a percent at the time of publishing this article.
Asset quality woes may dampen investor appetite for public sector banks While Yes Bank fund raising may have helped in restoring confidence in the banking sector to some extent, the story may vary for other lenders, especially state-run banks.