The Reserve Bank of India said that Bank of India
, Bank of Maharashtra
and Oriental Bank of Commerce were allowed to exit the prompt corrective action framework after meeting the regulatory norms.
European Union cleared Sumitomo and Mahindra
JV, as per media reports.
appointed an independent Chartered Accountant firm to verify the allegations made in the complaint and submit a report in a time bound manner.
received the Reserve Bank of India’s nod for appointment of Ajai Kumar as the Interim managing director and Chief Executive Officer of the bank with effect from February 1 until Ravneet Gill assumes office.
Punjab National Bank
increased MCLR across various tenors by 5bps. One month MCLR at 8.20% and one-year MCLR was at 8.55%.
Oriental Bank of Commerce
received Rs1,186cr capital infusion from government of India. The bank said that the amount was utilized to make loan loss provision in order to bring down the net NPA ration below the threshold under Prompt Corrective framework.
received observation letters from exchanges regarding the company’s demerger resulting in Skipper Pipes.
sold its balance stake in Prathmesh for Rs57cr to Ostro Energy.
SQS India BFSI
approved a share buyback of 4.6 lakh shares at a price of Rs550 per share aggregating to Rs25.3cr.
stock in focus. Prices of Ferro and chemical grade decreased by about 5% on the existing prices prevailing since January 1 and to continue the prevailing prices for the Silico Manganese Grade and Fines.
Results today: Dr. Reddy’s
, State Bank of India
, Berger Paints
, Carborundum Universal, Deepak Nitrite, Dredging Corporation of India
, EID Parry, GIC Housing Finance
, H.G. Infra Engineering, Hikal
, Jagran Prakashan
, Kalpataru Power Transmission
, National Fertilizers, NOCIL.