Tamil Nadu: Lakshmi Vilas Bank Ltd branches operating as DBS Bank India Ltd from Nov 27. It was earlier placed under moratorium, withdrawal capped at Rs 25,000. A customer in Madurai, says, "We had a hard time withdrawing Rs 25,000. Govt took quick action, I express gratitude."
#India : Pre-open: #nifty '>SG #Nifty ↑+55.5 pts; indicating positive opening for markets. HDFC Bank hit market cap of ₹8 tn y'day. L&T won contract worth ₹30 bn. Union Bank of India plans to raise ₹68 bn. Trading in Lakshmi Vilas Bank to remain suspended from Nov 26.
*RBI's working group on pvt bank ownership recommends changes to re-define India's banking eco-system *Govt plans to issue guidelines for ECLGS 2.0 for 26 sectors *Complete curfew in Ahmedabad from tonight till Nov 23 morning #headlines #audiotweet @ShereenBhan
MSCI announced changes to its global standard indexes under its quarterly index review, added Kotak Bank to its India Index. Changes effective from Nov 30 closing.
Motilal Oswal - MOSL: Morning India (3/December/19): 1. State Bank of India (Earnings momentum to accelerate); 2. EcoScope (EAI); 3. Automobile (Nov-19 wholesales): MOrning India (3/December/19): 1. State Bank of India (Earnings momentum… #equity #stocks
Reserve Bank of India appoints an Advisory Committee to advise the Administrator of Dewan Housing Finance Corporation Ltd (DHFL). RBI had superseded the board of directors of DHFL & appointed R Subramaniakumar as its Administrator on 20 Nov.
RBI board member S Gurumurthy fires a warning shot ahead of crucial board meeting on Nov 19, blames Central Bank's policies for curtailing ability of banks to lend. Claims economy would have collapsed without #Demonetisation . Details at 9 PM on India Biz Hour |
India has climbed 30 places in the World Bank Ease of Doing Business Index this year. It is the biggest jump by any country this year and a recognition of India’s long term reform trajectory : PM Modi in Manila, Philippines, 13 Nov 2017.