Tata Motors ties up with private lenders for commercial vehicles financing The offerings arising out of these tie-ups will include ancillary financial provisions such as fuel financing, working capital financing, aggregate financing and service cost financing. It will enable customers to avail attractive financial schemes from all the partner financiers with minimal formalities, it added.
Union Bank of India raises Rs 1,000 cr from bonds The bank has issued Basel III-compliant Perpetual Debt Instruments in the nature of debentures eligible for inclusion in Additional Tier 1 Capital to the tune of Rs 1,000 crore, according to a regulatory filing.
Public sector banks may follow a uniform practice on employee accountability for bad loans Indian Banks Association (IBA) has formed a committee under Canara Bank executive director MV Rao to look into the nuances of staff accountability. The panel will recommend steps that will be adopted by the lenders.
Stocks in the news: Infosys, YES Bank, Vedanta, Ansal Properties, Union Bank and Coromandel International YES Bank board has approved promotion of Niranjan Banodkar as the Group Chief Financial Officer (CFO).
CBI books Hyderabad-based infra firm IVRCL, its MD for alleged bank fraud of Rs 4837cr: Officials The CBI has alleged that the company had availed credit facilities from consortium members and cheated them by not repaying the loan amount.
Union Bank gets shareholders nod to raise up to Rs 6,800 cr During the Extraordinary General Meeting, the shareholders passed the special resolution with the requisite majority for raising capital through FPO /Rights or QIP or preferential allotment, the bank said in a regulatory filing.