At the end of December 2018, Suuti held a 9.56% stake in Axis Bank. The OFS is part of the government’s move to meet its disinvestment target of Rs 80,000 crore for FY19.

The bank has witnessed asset quality weakening further in December quarter with the gross non-performing assets (NPA) as of December 2018 increasing to Rs 4,056 crore (8.49%) compared to Rs 2, 663 crore (5.95%).

Fino Payments Bank aims to break even in the next 18-24 months, executive vice president and head-products & alliances Ashish Ahuja tells Mitali Salian.

he bank said it has purchased loans aggregating Rs 19.24 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation, during the quarter ended March this year.

Established in February 2009, Star Union Dai-ichi Life’s (SUD Life) premium income stood at Rs 1,211 crore, while its profit after tax stood at Rs 55 crore during April-December 2018-19.

The Indiabulls board has constituted a reorganisation committee headed by SS Mundra, independent director on the board of Indiabulls and former RBI deputy governor, to undertake necessary decisions in relation to the proposed merger.

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.

Banana accounts for as much as 60-65% of the green exports from Kerala and the rest are vegetables. Of the banana varieties, nenthran plantain leads the food preferences of Kerala’s 20 lakh diaspora families fanning out in the GCC countries.

Industry members claim that the turnaround time after loan sanctions through the portal has been long. In a meeting with finance minister Nirmala Sitharaman earlier this month, an industry association raised a complaint to this effect.

The extent to which banks are using data to lend to SMEs can grow dramatically as almost every bank is working towards this initiative as there is a big opportunity, said the SBI chairman.

India is better placed to manage uncertainty arising from different monetary policy...

While the government reportedly prepares a second economic relief package to mitigate the fallout of coronavirus, handing out direct cash to people amid the ongoing lockdown is not a desired solution.

Explaining why online learning has changed the education scenario, the Indian-origin economist said that with classes going online, someone in India can now take a course at MIT.

Several noted personalities such as Ramchandra Guha, Mahua Moitra, among others have now said that the Indian-origin economist does not have any Twitter profile.

It noted that the timeliest indicators of UK demand have stabilised in recent weeks, albeit at very low levels, after unprecedented falls during late March and early April.

The audit of Lebanon's central bank accounts announced last month will include every transaction at the bank, Economy Minister Raoul Nehme said in an interview published on Sunday.

ICICI Bank reported a 26% year-on-year (y-o-y) rise in net profit to Rs 1,221 crore in the March quarter, which was below the street’s estimates.

It is unclear whether Kishor will stay on in the state. Some Trinamool leaders and an advertising agency owner perceive him as a threat.

Nirmala Sitharaman’s office on Thursday had tweeted that PSBs sanctioned loans worth Rs 5.66 lakh crore for over 41.81 lakh accounts in MSME, retail, agriculture and corporate sectors during March-April 2020.

The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said.

India’s Ministry of External Affairs in a cryptic statement after the meeting between two sides reiterated that the US recognised “India's constructive contribution to economic development, reconstruction and humanitarian assistance to Afghanistan”.

1 Ugandan Shilling = 0.3981 Lebanese Pound

1 Ugandan Shilling = 0.0224 Bangladeshi Taka

1 Salvadoran Colon = 172.8539 Lebanese Pound

1 Salvadoran Colon = 9.7118 Bangladeshi Taka

1 Romanian Leu = 339.6865 Lebanese Pound

1 Romanian Leu = 19.0853 Bangladeshi Taka

1 Ukrainian Hryvnia = 56.3657 Lebanese Pound

1 Ukrainian Hryvnia = 3.1669 Bangladeshi Taka

1 Tanzanian Shilling = 0.6537 Lebanese Pound

1 Tanzanian Shilling = 0.0367 Bangladeshi Taka

1 Venezuelan Bolivar Fuerte = 151.4653 Lebanese Pound

1 Venezuelan Bolivar Fuerte = 8.5101 Bangladeshi Taka

1 Yemeni Rial = 6.042 Lebanese Pound

1 Yemeni Rial = 0.3395 Bangladeshi Taka

1 Paraguayan Guarani = 0.2316 Lebanese Pound

1 Paraguayan Guarani = 0.013 Bangladeshi Taka

1 Hong Kong Dollar = 194.7689 Lebanese Pound

1 Hong Kong Dollar = 10.9431 Bangladeshi Taka

1 Kuwaiti Dinar = 4890.1086 Lebanese Pound

1 Kuwaiti Dinar = 274.751 Bangladeshi Taka

1 Saudi Riyal = 402.7304 Lebanese Pound

1 Saudi Riyal = 22.6274 Bangladeshi Taka

1 Tunisian Dinar = 519.4026 Lebanese Pound

1 Tunisian Dinar = 29.1827 Bangladeshi Taka

1 South African Rand = 82.4352 Lebanese Pound

1 South African Rand = 4.6316 Bangladeshi Taka

1 Norwegian Krone = 148.063 Lebanese Pound

1 Norwegian Krone = 8.3189 Bangladeshi Taka