NCLT orders Binani Cement lenders to consider UltraTech bid

The NCLT had on April 24 reserved its order on the ongoing corporate insolvency resolution process of Binani Cement.

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Over 23,000 bank frauds worth Rs 1 lakh crore reported in 5 years: RBI

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ICICI Bank names Radhakrishnan Nair as Independent Director

ICICI Bank today said its board has appointed Radhakrishnan Nair as an additional (independent) director of the bank for five years.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2jnJsSQ

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IBBI seeks to ‘crowdsource’ ideas on insolvency regulations

The Insolvency and Bankruptcy Board of India (IBBI) has invited comments from public on the broad range of regulations it has already notified under the Insolvency and Bankruptcy Code (IBC), as it seeks to ‘crowdsource’ ideas to further strengthen the ecosystem.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FByKRq

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PNB eyes 11% jump in business in FY19

Punjab National Bank (PNB) — which was recently hit by a $2-billion fraud involving jewellers Nirav Modi and Mehul Choksi — is targeting a decent 10.8% rise in business for the current fiscal to Rs 12 lakh crore, the bank said on Tuesday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2w1kn9c

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