NBFCs still lost deep in the woods, says Uday Kotak

Kotak, who has been tasked to lead the efforts of saving the debt-ridden infra lender IL&FS, said we need to carefully watch the space going forward.

from Banking/Finance-Industry-Economic Times http://bit.ly/2s5vjhr

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In a first, NCLT allows government to reopen IL&FS books

For the first time, the government on December 21, 2018, had invoked the powers under Section 130 of the new Companies Act of 2013 to reopen the books of a company.

from Banking/Finance-Industry-Economic Times http://bit.ly/2LGktqY

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NBFCs still lost deep in the woods, says Kotak

Veteran banker Uday Kotak on Tuesday said even though non-bank lenders have received a breather since the crisis late last year, the sector is more “

from Business Line - Money & Banking http://bit.ly/2RlUMS0

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Karnataka Bank launches new app

Karnataka Bank Ltd has launched an integrated mobile banking application – ‘KBL MobilePlus’.Quoting Mahabaleshwara MS, Managing Director and Chief Exe

from Business Line - Money & Banking http://bit.ly/2GRaalf

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Karnataka Bank revises up one-year MCLR by 0.15 per cent

One-month and overnight MCLRs were also raised by 0.10 per cent each

from Business Line - Money & Banking http://bit.ly/2RnRJZE

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