The penalty was imposed in an order in August by Sushil Kumar, Special Director, ED who said, “senior officials at Standard Chartered saw an investment in TMB shares as an opportunity that might ripen into an eventually larger ownership for the bank … also acted as a custodian for shares on the deal.” … [Read more...] about Standard Chartered fined Rs 100 crore for violating forex rules during Tamilnad Mercantile Bank takeover bid
Redundancies lloyds banking group
Shares of IndusInd Bank rose nearly 2 percent while those of Eveready Industries hit a fresh 52-week high of Rs 157.60, jumping 8 percent in morning trade on BSE on August 10. … [Read more...] about IndusInd Bank up 2%, Eveready hits 52-week high as bank acquires stake in battery maker
India is facing an economic contraction caused by the coronavirus outbreak, increasing asset risks for Indian banks. However, corporate loans, the source of most non-performing loans in the previous credit cycle, will perform better than loans to individuals and small and medium-sized enterprises (SMEs), rating agency Moody’s said on September 9. … [Read more...] about Indian banks’ asset quality to worsen but less risks from corporate loans: Moody’s
Post Deepak Kochhar’s arrest, will Chanda Kochhar be the next in line? The ICICI-Videocon case is unlikely to end with Deepak Kochhar’s arrest. Names of Chanda Kochhar who played a key role in sanctioning loan to the Videocon Group, and the board members who gave a hurried clean chit to her without a probe and are mentioned in CBI FIR, could come up next. … [Read more...] about ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next?
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?