In Q1 they had Rs 7,083 crore under moratorium which has now come down to Rs 1,500 crore, partly due to the fact that a large chunk repaid Tewari said, adding that while a large chunk of delinquent customers have not yet turned to NPA they are trying to ask them unavail the easy pay option. … [Read more...] about SBI Card to enrol ‘delinquent’ customers in restructuring plans: MD
Barry murphy md
"Deposits fell 10-11 percent and almost two-third of reduction is on account of government-related accounts – this is largely related to general private sector bank stance. This will also result in lower CASA ratio, but reduce our dependency on this category for deposits in future," IndusInd Bank said in a regulatory filing on BSE on March 30. … [Read more...] about IndusInd Bank deposits shrink by 10-11%, brokerages see tough road ahead
After the CBI and ED case, Chanda Kochhar had resigned as MD and CEO of ICICI Bank on October 4, 2018. How did the board know that Kochhar was innocent in the case even before an enquiry? Shouldn’t Kochhar have stayed away from the credit committee given that her family had business dealings with the borrower? The board was silent on these critical questions. … [Read more...] about ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next?
"I had a vision for World EV Day as a day that would really help to bring about the shift to sustainable mobility. Mahindra Electric is the pioneer of electric vehicle technology, in India, and shares this vision,” Ade Thomas, Founder of sustainable media company, Green.TV, said. … [Read more...] about Mahindra Electric Mobility globally launches MESMA 48 platform for EVs
In conjunction with the series C financing announcement, Biofourmis has announced an alignment of its internal operations to "enable deeper integration with clients and partners and to support ongoing innovation". The new business structure will include two verticals – Biofourmis Therapeutics and Biofourmis Health. … [Read more...] about Biofourmis raises $100 million funding led by SoftBank Vision Fund 2