Stock market regulator Sebi has banned 100 entities related to the Bank of Rajasthan (BoR), including several members from the Tayal
family, the promoters of the bank, from all stock market-related activities. Several of the entities banned are listed companies controlled by the Tayals directly or by their friends and associates.
Acting on a reference from the [...]
Standard Chartered IPO
British Banking Giant , Standard Chartered may launch IPO of its Indian Operations.
Indian Operations of Standard Chartered is already the 2nd largest contributer of Profits in Standard Chartered balance Sheet.
Hong Kong and Indian Operations together contribute more than 45% of the Bank’s earnings.
Standard Chartered is one of the largest Banks of the world. [...]
PNB Factoring.
Punjab National Bank (PNB) planning to launch two subsidiaries to enter new areas of business. It is set to
foray into investment services through its investment-banking subsidiary PNB Investment Services Limited while enter the factoring business through another subsidiary – PNB Factoring.
PNB chief general manager (PNB Credit Card Venture Division and Overseas Operations) Ranjan Dhawan [...]
PNB Investment Services is a new subsidiary from Punjab national bank. PNB.
PNB World Travel Card
PNB , Punjab National Bank is planning to launch World Travel Card for the globetrotters. PNB chief general manager –credit card venture division – Ranjan Dhawan told ET that the bank would be launching this pre-loaded travel card by November this year for the convenience of people traveling abroad. “It would be [...]
Oriental Bank of Commerce plans to soon bring down its prime lending rates by 25-50 basis points. This will lower its prime lending rates from the current 12 per cent up to 11.50 per cent.
Sharekhan has issued a Buy ICICI Bank report with target price of Rs 552
Indian Banks’ Association on Thursday said banks cannot lower their lending and deposit rates any further under the current scenario. “There is no more headroom for banks to cut their prime lending rates (PLR) and deposit rates in the near future,” IBA Chairman T S Narayanasami said.
The bank made this announcement after trading……
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