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Axis Bank reports Q2 loss of Rs 112 crore due to one-time tax impact

Mumbai (Maharashtra) [India], Oct 22 (ANI): Private lender Axis Bank on Tuesday reported a net loss of Rs 112 crore on a for the second quarter of current fiscal due to a one-time tax impact compared to a net profit of Rs 790 crore in the corresponding July to September quarter of previous fiscal.

Hyderabad: Bank Employees Association held strike against bank merger policy

Hyderabad (Telangana) [India], Oct 22 (ANI): Bank Employees Association on Tuesday participated in a one day strike against the central government's proposal of merger of 10 government banks into four.

Sensex ends 335 points lower, Infosys cracks by over 16 pc after whistleblower complaint

Mumbai (Maharashtra) [India], Oct 22 (ANI): Equity benchmark indices closed in the red on Tuesday amid mixed global cues while software major Infosys recorded its sharpest intra-day fall in more than six years after a whistleblower complaint accused senior company officials of indulging in unethical practices.

PMC Bank scam: Special PMLA court extends ED custody of Rakesh, Sarang Wadhvan till Oct 24

New Delhi [India], Oct 22 (ANI): The special Prevention of Money Laundering (PMLA) court here on Tuesday extended the Enforcement Directorate (ED) custody of Rakesh Kumar Wadhawan and his son Sarang Wadhawan, accused in the PMC Bank fraud case, till October 24.

Bajaj Finance Q2 profit moves up 63 pc to Rs 1,506 crore

Mumbai (Maharashtra) [India], Oct 22 (ANI): Bajaj Finance said on Tuesday that its consolidated profit after tax jumped 63 per cent to Rs 1,506 crore during the July to September quarter from Rs 923 crore in the same period of previous year.

PMC Bank scam: Depositors stage protest in Mumbai

Mumbai (Maharashtra) [India], Oct 22 (ANI): Many scam-hit Punjab and Maharashtra Co-operative (PMC) Bank account holders staged a protest at Azad Maidan here on Tuesday.

Banking operations in Patna, Bengaluru affected due to bankers strike

Patna (Bihar)/ Bengaluru (Karnataka) [India], Oct 22 (ANI): Thousands of bankers of public and private sector refused to report to work on Tuesday in Patna and Bengaluru protesting merger of ten government banks into four.

Mumbai: Police custody of former PMC Bank director extended till Oct 24

Mumbai (Maharashtra) [India], Oct 22 (ANI): A Mumbai court on Tuesday extended the police custody of the former director of PMC Bank, S Surjit Singh Arora till October 22 in alleged connection with a scam case.

Muthoot Finance raises $450 million from international bond markets

Kochi (Kerala) [India], Oct 22 (ANI): Muthoot Finance Ltd, the largest gold loan company in India, has raised 450 million dollars by selling foreign currency bonds to international investors in its maiden issue of such an instrument.

Punjab Lottery bumpers changing lives of people

 Punjab State Lotteries Department’s bumper schemes have proved a magic wand for many middle-class families, turning them crorepatis overnight. In this year, Punjab Lotteries Department’s Bumpers have changed the life of 10 persons, who had not even thought in their wildest dreams to become a crorepati in their life.

Strike in public sector banks on Tuesday to paralyse operations

Mumbai (Maharashtra) [India], Oct 21 (ANI): Public sector banking operations are likely to be hit on Tuesday due to a day-long strike called by the All India Bank Employees' Association and the Bank Employees Federation of India.

Battleground Maharashtra: BJP-Shiv Sena seeks second term, Congress-NCP hopes to make comeback
Mumbai (Maharashtra) [India], Oct 21 (ANI): Fate of 3,237 candidates will be sealed in EVMs on Monday as voters in Maharashtra will exercise their electoral rights to elect state assembly representatives in 288 constituencies for the formation of next state government.
To give boost to terracotta artisans, 'Mruttika-2019' exhibition organised in Bhubaneswar

Bhubaneswar (Odisha) [India], Oct 20 (ANI): Aiming to provide a platform for marketing of the products of the clusters and individual artisans, a terracotta craft exhibition, 'Mruttika-2019' was inaugurated in Bhubaneswar.

Delhi: FIR registered against Kotak Mahindra bank, six others for alleged cheating
New Delhi [India], Oct 20 (ANI): A FIR has been registered against Kotak Mahindra Bank Ltd and six others including Managing Director Uday S Kotak on charges of alleged cheating, conspiracy and forgery of documents.
Rise in interest rates amid global economic slowdown dependent on India, China growth: Nirmala Sitharaman
Washington D.C. [USA], Oct 20 (ANI): Union Finance Minister Nirmala Sitharaman on Saturday (local time) said that a rise in interest rates that have fallen due to a global economic slowdown is largely dependent on India and China's growth estimates.
HDFC Bank Q2 profit jumps 27 pc to Rs 6,345 crore
Mumbai (Maharashtra) [India], Oct 19 (ANI): Private lender HDFC Bank on Saturday reported 26.8 per cent jump in its net profit of Rs 6,345 crore during the July to September quarter.
China's BRI challenges economy, sovereignty of many states, say experts

Rotterdam [Netherlands] (ANI), Oct 19 (ANI): The destiny of the states which have been lured into the Dragon's fire of loans and debts, looks grim for the economy, sovereignty and citizens of these countries, said Junaid Qureshi, the director of the European Foundation of South Asian Studies in Rotterdam.

ED conducts raids at 14 locations of DHFL and promoters, for alleged connections with Iqbal Mirchi

New Delhi [India], Oct 19 (ANI): The Enforcement Directorate (ED) is conducting raids at locations of DHFL and its promoters in connection with loan sanctioned to Sunblink Real Estate, which has alleged links with underworld don Dawood Ibrahim's close aide Iqbal Mirchi.

Mumbai: Elderly woman and man fall ill while protesting with PMC bank depositors

Mumbai (Maharashtra) [India], Oct 19 (ANI): An elderly woman and a man, protesting along with the depositors of Punjab and Maharashtra Co-operative (PMC) Bank outside Reserve Bank of India (RBI), fell ill on Saturday.

PMC Bank scam: Depositors stage protest in Mumbai

Mumbai (Maharashtra) [India], Oct 19 (ANI): Scores of depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank staged a protest here on Saturday demanding the removal of restriction on cash withdrawal imposed by the Reserve Bank of India (RBI), which is currently capped at Rs 40,000 for six months.

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