Money & Banking

Yes Bank on Thursday said that former Chairman of State Bank of India O.P. Bhatt has resigned as an external expert of the 'Search and Selection Committee' which has been set up to find a successor to the company's MD and CEO Rana Kapoor.   The committee has been mandated to evaluate...
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A sustained tightening of monetary condition coupled with challenging external environment is likely to aggravate financing challenges for Indian corporates against the backdrop of not-so-benign domestic credit market, says India Ratings and Research (Ind-Ra).    The agency previously...
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The Reserve Bank of India on Wednesday said it has imposed penalties on Deutsche Bank A.G. of Germany and The Jammu & Kashmir Bank Ltd for violating varous norms.   The penalties imposed are Rs 30.10 million on Deutsche Bank A.G. and Rs 30 million on The Jammu & Kashmir Bank Ltd.,...
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Yes Bank on Wednesday said that its non-executive independent part-time Chairman Ashok Chawla has resigned with immediate effect.   "Yes Bank announces that Shri Ashok Chawla, non-executive independent part-time chairman, has tendered his resignation from the Bank's Board, with...
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In a strong and exemplary action, the Insolvency and Bankruptcy Board of India (IBBI) has debarred Martin SK Golla, an insolvency professional (IP) for 10 years for deliberate, blatant, orchestrated and collusive contraventions in his duty and responsibility.    "By his conduct and...
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