Govt hikes pension payout for families of deceased PSB bankers to 30% of last drawn salary
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Bank employees' pension payout hiked to 30% of last-drawn pay; employer contribution rises to 14%
The Centre has also asked banks to increase the employer contribution to the pension corpus to 14%, from the current 10% from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3zfVwuw via IFTTT
ICICI bank files cheating case against Karvy Stock Broking Ltd
Funds raised by KSBL by pledging shares of its six bankers were transferred to the firm's own bank accounts, and not into ‘Stock Broker Client Account', which is in contravention with the SEBI guidelines, the police said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3gxx0hj via IFTTT
Special court lets Enforcement Directorate quiz Rana Kapoor
The case pertains to a loan taken by Oyster Buildwell, a holding company of Avantha Realty, from Yes Bank, and its alleged misappropriation between 2017 and 2019. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2XTCL2l via IFTTT
Avantha case: Court allows Rana Kapoor's lawyer to be present during ED's questioning
Kapoor is currently in judicial custody after being arrested in March 2020 in the alleged Yes Bank fraud case. The ED is probing an alleged transaction between the Avantha Group of Companies' promoter Gautam Thapar and Rana Kapoor and his wife. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3yedKv2 via IFTTT
HDFC Bank divests over 2 per cent stake in CDSL for Rs 223 crore
The bank sold 20,36,000 shares (1.95 per cent) of CDSL at an average price of Rs 937.46 per piece on June 22. On August 23, it sold 2,13,481 shares at Rs 1,168.94 apiece and on August 24, it sold 61,519 shares for Rs 1,119.31 apiece. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3gsMB1I via IFTTT
Eldeco group and HDFC capital set up Rs 150 crore affordable and mid-income housing fund
“Inline with the ‘Housing for all 2022’ vision of the Government of India, HDFC’s endeavour is to help address the demand-supply gap in affordable housing in India by providing flexible, long-term capital to leading developers across India. We are committed to partnerships with trusted real estate brands like Eldeco with a good track record of development and delivery,” said Renu Sud Karnad, Managing Director, HDFC Ltd. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2WjNWAu via IFTTT