Latest Updates Around The World
Fino Payments Bank, whose managing director and CEO Rishi Gupta was arrested by the Directorate General of GST Intelligence (DGGI) on Monday, said the bank has not evaded any GST dues and has complied with all regulations. “The investigation by the DGGI related to the program manager(s) associated with multiple banks and not the GST […]
Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Saturday assured that she would look into the matter related to the arrest of Fino Payment Bank Managing Director Rishi Gupta. Meanwhile, the bank has clarified that arrested Rishi Gupta has nothing to do with the GST issue. Replying to a social media post by former […]
The combined market valuation of six of the top 10 most valued companies rose by Rs 63,478.46 crore last week, led by Larsen & Toubro and State Bank of India, which emerged as the biggest gainers.The 30-share BSE Sensex rose 187.95 points, or 0.22 percent, in the past week. Larsen & Toubro, State Bank of […]
That could change soon, says Chadwick Westlake, who became CEO of EQ Bank last August and announced a transformational, potentially career-defining deal to buy PC Financial in December. “We will be a household name by the end of this year,” he said. By purchasing the PC Mastercard portfolio and PC Money accounts, and at the […]
Ramesh Babu, Managing Director & CEO, Karur Vysya Bank Private sector Karur Vysya Bank strengthened its presence across the country and opened its 900th branch here, a top official said on Saturday. The bank’s Managing Director and CEO Ramesh Babu formally inaugurated the branch at Tondiarpet in the city. Tamil Nadu Ministry of Health and […]
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U.S. bank stocks fell as much as 4% on Wednesday as investors unpacked quarterly earnings from Bank of America and Citigroup and the proposed 10% cap on credit card interest rates, which is widely seen as having implications for financial institutions.The S&P banking index fell just over 1%. Wells Fargo pushed the U.S. stock market […]
The former Blake Street Tavern building in LoDo has a new owner. Denver-based Sidford Capital bought the defaulted loan for the 53,000-square-foot building at 2301 Blake St. in Denver and then took ownership last week through a deed of foreclosure, public records show. Records show Sidford paid $7.5 million. The company took out a $6 […]
The ads come as Canada’s banking industry is experiencing generational changes, including a wave of smaller players being bought out, the rise of tech-based players as potential threats to the establishment, and a federal government that has both made big promises and taken steps to create more competition. While it’s not clear how this will […]
The Center will divest up to 3% stake in Indian Overseas Bank (IOB) through an offer for sale (OFS) starting on Wednesday, December 17. The government plans to offload a stake of up to 2%, or 38,51,31,796 shares, through the non-retail period on Wednesday.The OFS will open to retail investors on Thursday, December 18, with […]
