Banks need additional capitalization of 50000 crores by 2020-21

Fitch said- banks may face more problems due to sluggish economy Rating agency maintains negative outlook for Indian banks Banks in the country need an additional capital of Rs 50,000 crore by next financial year (2020-21) to overcome loan growth and NPAs. Rating agency Fitch released this outlook on Tuesday. Fitch says the slowdown in the economy […]

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former CEO Chanda Kochhar challenged the dismissal decision in Bombay High Court

According to the reports, Kochhar’s plea – The bank accepted the retirement application early, then why the dismissal? The bank approved Kochhar’s resignation in October 2018, issued a termination letter in January 2019. Accused of irregularities in Kochhar loan case, bank found him guilty in independent investigation Former MD and CEO of ICICI Bank Chanda […]

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8 investors ready to invest Rs 14000 crore in Yes Bank,

Canadian industrialist Arvin Singh Brecht is keen to invest the most at 8600 crores  Yes Bank, struggling with cash crunch, gave investors information after a 12-hour board meeting Yes Bank said on Friday that eight investors have shown interest in investing $ 2 billion (Rs 14,348 crore). These include Canadian industrialist Arvin Singh Brecht, Aditya Birla […]

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Binny Bansal will invest Rs 143 crore in insurance startup firm Eco

After this funding, Bansal’s investment in Eko will be Rs 322 crore. General Insurance Company sells Ecco car and bike insurance online. Binny Bansal continues to invest in startups after his resignation from Flipkart Flipkart co-founder Binny Bansal will invest $ 20 million (Rs 143 crore) in Eko, a startup firm in the insurance sector. According […]

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RBI- There will be no charge for transactions done through NEFT from January.

RBI: In the new year, customers can get a unique gift from the banks. From January 2020, the customer will not have to pay any fees from banks for transactions done through NEFT. Intending to promoting digital transactions on the third anniversary of demonetization, the Reserve Bank of India has introduced a proposal in this regard. The […]

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NSE Nifty closes beyond 12,000 after five months

Sensex & Nifty-  After the realty sector got relief from the government, the Sensex continued its record-making process on Thursday. While the Sensex touched a new historic high of 40,688.27 in intraday trading, it also closed at a new all-time high of 40,653.74, up by 183.96 points. The Sensex touched a high of 40,606.91 on Wednesday […]

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BSNL has introduced a voluntary retirement scheme for its employees.

BSNL-  Public sector telecom company Bharat Sanchar Nigam Ltd. (BSNL) has introduced a Voluntary Retirement Scheme (VRS) for its employees.BSNL currently has 1.5 lakh employees. The company hopes that 70,000 to 80,000 employees will take advantage of this scheme, and this will save about Rs 7,000 crore in salary. BSNL chairman and managing director PK Purwar […]

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Kia Seltos and MG Hector achieved the fifth position in India in sales

All the major economies of the world, including India, are currently going through a phase of lethargy. In India too, there has been a sharp decline in the sales figures of all major domestic and foreign big car manufacturers. Despite this situation, in the last few months, two such cars have come into the Indian […]

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LIC:Policyholders will be able to renew non-linked policies and unit-linked policies.

LIC MD Vipin Anand said, many times, policyholders are unable to pay the premium due to various reasons and their policy lapse. There is a good chance for such people to restore their life insurance policy. Buying life insurance is a crucial decision in a person’s life. We respect every policyholder and want them to […]

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TRAI has fixed the call ring time 30 seconds for mobile and 60 seconds for a landline phone.

Telecom Regulatory TRAI (TRAI) has fixed the time for the phone call ring time. TRAI has ordered that mobile companies set call ring timing. TRAI has fixed the call ring time 30 seconds for mobile and 60 seconds for a landline phone. Till now, there was no limit to ring the bell for incoming calls […]

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