ICICI Bank on Tuesday said the US Securities and Exchange Commission (SEC) has concluded a probe into the banks bad-loan provisioning exercise and decided not to take any enforcement action against it.
A key cause for concern will be data security and integrity of sensitive data like PAN details or equivalent identifiers in case of foreign nationals, which are required to be maintained as part of the digital database.
NBFC Muthoot Finance on Monday announced its plan to raise up to Rs 2,000 crore through public offering of Secured Redeemable Non-Convertible Debentures (NCDs) to be utilised primarily for lending activities of the company.
Before investing in direct equities, it is critical to evaluate your risk appetite and return expectations as the stock market is often driven by greed, fear and irrational behaviour which may dent the best-laid investment plans
The Department of Financial Services of the ministry on Friday issued a circular that laid the guidelines for financial institutions on granting ex-gratia payment of difference between compound interest and simple interest for six months to borrowers.