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Saturday, December 19, 2020

IDBI Bank raises ₹1,435 cr; issue subscribed by 44 QIBs

IDBI Bank’s Qualified Institutions Placement (QIP) issue has been subscribed by 44 Qualified Institutional Buyers (QIBs) aggregating to ₹1,435.18 cror

from Business Line - Money & Banking https://ift.tt/37wCPY0
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Indian banks pursue UK bankruptcy order against Vijay Mallya

At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Kb2SLO
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IIFL Home, ICICI Bank join hands for affordable housing, MSME loans

Under the tie-up, IFL Home will originate and service customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing and in turn, ICICI Bank will provide funding to these customers.

from Banking/Finance-Industry-Economic Times https://ift.tt/3nxNKGw
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Companies that undertook mergers are now stuck with tax credit issue

Tax credits on the amount paid to revenue authorities when the process is on are getting stuck as the tax department undertakes a detailed scrutiny in merger cases which take long to conclude.

from Banking/Finance-Industry-Economic Times https://ift.tt/3amyGbb
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Why shouldn’t all LVB merger petitions be transferred to Bombay HC: Supreme Court

RBI also said that it is essential that there are no contradictory or inconsistent judgments passed by different HCs on the same issue.

from Banking & Finance – The Financial Express https://ift.tt/2J2OoNf
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