The bank’s NII, the difference between interest earned and interest expended, rose 17.7 per cent y-o-y to Rs 10,658 crore. The bank’s provisions rose 22 per cent y-o-y to Rs 1,541 crore in the March quarter.
“The applicant has not submitted any agreement or understanding among parties to substantiate the averment that AEL/Rewant Ruia has no management rights, special rights, or the ability to participate in the management of the applicant either currently or going forward,” Satish Kumar Gupta said.
The US Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) issued separate emergency airworthiness directives late Friday mandating all airlines to perform an ultrasonic inspection of certain CFM56-7B engines manufactured by French company CFM.
The cash seizure comes at a time when other parts of the country are reeling under a cash crunch. “When the people are finding it difficult to withdraw the money from the banks/ATMs, seizure of these high denominations is raising eyebrows,” the statement said.
The RBI said periodic updation should be carried out at least once in every two years for high risk customers, once in every eight years for medium risk customers and once in every ten years for low risk customers.
Till now, an Officially Valid Document for address proof together with PAN issued by the Income Tax department and a recent passport-size photograph were the key KYC documents.
To fund its future growth, the bank has said it plans to raise up to 240 billion rupees by selling shares to investors, including a preferential issue to its parent HDFC Ltd .
Sachin Bansal and Binny Bansal, former Amazon employees who founded Flipkart in 2007 in India’s tech hub of Bengaluru, are also likely to part sell their stake as part of the deal, one of the sources said.
The revelation comes in the backdrop of a cash crunch being witnessed across various regions in the country as a number of ATMs had gone dry.
The Income Tax filing season for salaried class taxpayers has just begun with the Central Board of Direct Taxes (CBDT), that frames policy for the department, recently notifying the new ITRs.
Coal supply to the state/Central gencos may be regulated corresponding to the current payment, if undisputed outstanding dues are more than 90 days equivalent coal values.
The stock jumped 6.76 per cent to settle at Rs 3,406.40 on the BSE. During the day, it soared 7.22 per cent to its 52-week high of Rs 3,421.25.
Rising crude prices, strong dollar and trade deficit weighed on the markets.
As per the report by Financial Intelligence Unit, the banks have generated 400 per cent more suspicious transactions reports (STRs) at over 4.73 lakh such dossiers during 2016-17.
India had first mooted the idea of having such an agency for the BRICS (Brazil, Russia, India, China, South Africa) grouping to can solve impediments for the emerging market economies posed by the present credit rating agency market that is dominated by S&P, Moody's and Fitch.
"This will help in further diversification and expansion of financial services to the NRI diaspora," the bank's managing director and chief executive Rana Kapoor said.
Fortis Healthcare Ltd has become the target of a takeover battle that includes offers from China's Fosun International and Malaysia's IHH Healthcare.
The company's quarterly results were announced post market hours on Thursday. The stock was the biggest gainer on both key indices, Sensex and Nifty.
US-based P&G derived 12 percent of group sales, or $7.5 billion, from health care products last year, including Oral-B toothbrushes and toothpastes.
Brokers said, besides continued capital outflows by foreign funds, profit-booking in recent gainers, rupee's fall below the 66-mark against the dollar and higher global crude oil prices, hurt trading sentiments.