RBI imposed penalty of Rs1cr on Bank of Maharashtra due to deficiencies in regulatory compliances on fraud reporting and KYC norms.
Bank of India determined the issue price of Rs105.75 per share in respect of preferential issue of equity shares amounting to Rs10,086cr to the Government of India, as a part of the capital infusion plan.
ICICI Bank received RBI nod for reappointment of Visakha Mulye as bank’s executive director for two years with effect from January 19.
Jet Airways said that the company is working on its cost reduction plans, debt reduction and funding option. The airline is also mulling on monetising assets including its stake in its loyalty program.
Fortis Healthcare completes the acquisition of the entire portfolio of Indian assets of RHT Health Trust (RHT).
NHPC’s board to consider raising Rs2,000cr via bonds on January 21.
Results today: Hindustan Unilever, Reliance Industries, Aditya Birla Money, AU Small Finance Bank, Cyient, Federal Bank, L&T Technology Services, Mangalam Organics, Mastek, Rallis India.