"indusind-bank"

By Seela Subba Rao Recently, former chairman of SBI, Rajnish Kumar, opined that in a country like India, allowing corporate houses to own banks is fraught with great risks. He advocated that the banks should be rightly owned and professionally managed. Similar views were echoed by former RBI Governor Raghuram Rajan as well as former […]

Hyderabad: The Central Crime Station police on Thursday arrested two more persons in connection with the Karvy Stock Broking Private Limited case. The arrested persons were Rajiv Ranjan Singh (52), chief operating officer and G Krishna Hari (63), chief financial officer working for the firm at Hyderabad. A case was registered against the company following […]

Hyderabad: The Cyberabad Police have booked a case of cheating and criminal breach of trust against Karvy Stock Broking Pvt Ltd, its Chairman and Managing Director C Parthasarathy and others here on Tuesday. Parthasarathy, who was earlier arrested by the Hyderabad Police on charges of cheating the IndusInd Bank last Thursday, is currently in judicial […]

A complaint was lodged by IndusInd Bank Hyderabad vice president against Parthasarathy alleging that he had availed credit facilities of Rs.137 crore from the bank

In addition, Vinod Nair, Head of Research at Geojit Financial Services said the upcoming week will be driven by global sentiments.

Besides these five banks, Bajaj Finserve and SBI Card may face problems as they were also issuing cards of this payment gateway

The 30-share BSE index was trading 145.45 points or 0.28 per cent higher at 52,734.16 in initial deals. Similarly, the broader NSE Nifty advanced 49.70 points or 0.32 per cent to 15,822.45.

The bank has also committed to reducing its specific carbon emission by 50 per cent over the next four years, it said in a release.

The 30-share BSE index was trading 189.52 points or 0.37 per cent lower at 51,233.36 in initial deals, and the broader NSE Nifty fell 43.20 points or 0.28 per cent to 15,392.45.

About 10 lakh bank employees and officers are to participate in the strike called by the United Forum of Bank Unions, an umbrella body of nine associations and groups.

"Rising economic restrictions from spike in virus cases and weak global cues hit the domestic market sentiment," said Vinod Nair, Head of Research at Geojit Financial Services

The Finance Committee of the Bank on Thursday approved allotment of 1,57,70,985 shares to the promoter entities.

The 30-share BSE Sensex zoomed 2,314.84 points or 5 per cent to finish at 48,600.61.

Vinod Nair, Head of Research at Geojit Financial Services stated that Indian markets witnessed a highly volatile trade due to weak global market and reports of Indo-China border tension.

Meanwhile, the global oil benchmark Brent crude futures were trading 0.45 per cent lower at USD 50.68 per barrel. 

The company is initially launching the platform in 30 cities through its premium car retail chain Nexa, targeting salaried customers with plans to expand its mass market chain Arena.

Similarly, the broader NSE Nifty rose 97.20 points or 0.73 per cent to an all-time closing high of 13,355.75. It touched its record intra-day peak of 13,366.65 in early trade.

The 30-share BSE index was trading 173.47 points or 0.43 per cent lower at 40,512.03, and the broader NSE Nifty slipped 47.20 points or 0.40 per cent to 11,883.15.

Exchange data showed that foreign institutional investors bought equities worth Rs 615.17 crore on a net basis on Monday.

The 30-share index was trading 452.15 points or 1.13 per cent higher at 40,331.10, and the NSE Nifty soared 117.50 points or 1 per cent to 11,856.35.