SBI Views Cost Savings, No bad Loans Surprise following Merger with Units
Apr03

SBI Views Cost Savings, No bad Loans Surprise following Merger with Units

Nations top lender by assets, State Bank of India expects no nasty surprises on bad loans following the merging of five subsidiary banks with itself at the weekend in a contract which helps in cost savings and gain scale. The Government moves to merge State Bank of Travancore, State Bank of Patiala, State Bank of Mysore, State Bank of Hyderabad and State Bank of Bikaner and Jaipur with State Bank of India, which already owned bulk...

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Kotak Mahindra Bank Plans to Increase Rs 5400 Crores of Equity
Mar30

Kotak Mahindra Bank Plans to Increase Rs 5400 Crores of Equity

On Thursday, the board of directors at Kotak Mahindra Bank BSE 0.70% has approved the trade of 6.2 crore equity shares which could allow the bank to raise Rs 5400 crores at current prices by selling the shares to either individuals or to institutional investors in India or in abroad. In a remark to the stock exchanges, the bank said: “The board approval is ruled to shareholder and regulatory approvals.” The officials of...

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Supreme Court Forbids The Sale of BS-III Vehicles From April
Mar29

Supreme Court Forbids The Sale of BS-III Vehicles From April

On Wednesday, Supreme Court banned the registration and sale of BS-III Vehicles (Bharat Stage-III) from April 1, ruling in support of the plea made by the EPCA (Environmental Pollution Control Authority). The Supreme Court said the health of millions of people couldn’t be put under risk because of commercial interest. The order comes in response to the appeal by the EPCA, which requested that only BS-IV vehicles should be sold...

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For UPI-based payments, ICICI Bank partners Truecaller
Mar28

For UPI-based payments, ICICI Bank partners Truecaller

On Tuesday, ICICI Bank announced a partnership with the mobile company named Truecaller for a UPI-based mobile payment service. The application called as Truecaller Pay will help the users to send money to any UPI id by creating a personal UPI id or to a mobile number which is registered with BHIM app. According to ICICI Bank, Truecaller is the third most used app in India and the partnership will help the peoples to recharge their...

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COAI said that they favours the Auction in 2018 and they wants market to settle down
Mar27

COAI said that they favours the Auction in 2018 and they wants market to settle down

Cellular operators body COAI the Cellular Operators Body had stated that the government should not rush to spectrum auction this year and they want to allow the market to settle down in the wake of recent mergers and acquisitions. They emphasized that the next round of sale of airwaves Auction should be scheduled in 2018. DG Rajan S Mathews said “In the immediate context, we don’t expect a whole lot of demand for the spectrum...

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The Telecom battle between Airtel and Reliance Jio become more intense as Bharti Airtel acquires Tikona’s 4G spectrum
Mar23

The Telecom battle between Airtel and Reliance Jio become more intense as Bharti Airtel acquires Tikona’s 4G spectrum

On Thursday, Bharti Airtel signed the agreement with Tikona Digital Networks to acquire the Tikona’s 4G business for a price of 1600 crores. This deal also includes the acquisition of Tikona’s Broadband Wireless Access (BWA) spectrum and 350 sites in five telecom circles. The latest move of Airtel would further intensify the battle between Reliance Jio and Airtel. After this agreement, Airtel will now have 30 MHz in 2300...

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