Home Business Bank Fees: Here’s What You PAY For Not Maintaining Minimum Balance The term Average Minimum Balance or AMB signifies the smallest amount you need to keep in your savings account to avoid being charged with non-maintenance fees. Published: August 17, 2024 6:19 PM IST By Joy Pillai Bank Fees: Here’s What You PAY … Read more
Bharat Electronics (BEL), RailTel, Samvardhana Motherson International, and 13 other companies are expected to be in focus today as they have set August 14 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to buy shares of these companies to qualify for the announced dividends. Dividends … Read more
MUMBAI: In 2022, when Madhabi Puri Buch took charge as Sebi chairperson, she broke several barriers – primary of them being the first woman and the first former private sector professional to head the markets’ regulatory body. After a four-and-half-year stint as a whole-time member at Sebi, she had taken a few months off due … Read more
Indian Railway Finance Corporation Share Price 204.58 03:59 PM | 22 Jul 2024 -1.19(-0.58%) One97 Communications Share Price 452.45 03:59 PM | 22 Jul 2024 -6.31(-1.38%) YES Bank Share Price 25.67 03:59 PM | 22 Jul 2024 0.91(3.64%) ITC Share Price 466.55 03:59 PM | 22 Jul 2024 -8.0(-1.69%) HDFC Bank Share Price 1642.55 03:59 … Read more
Home Business RBI Imposes 1Cr Fine On ICICI Bank & 91 lakh On Yes Bank For Non-Compliance RBI said ICICI Bank did not comply with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’. The Reserve Bank of India (RBI) has imposed monetary penalty on Yes Bank and ICICI Bank … Read more
The Reserve Bank of India imposed penalties on two private banks—ICICI Bank and Yes Bank—for lapses in compliance, the regulator said in a statement Monday evening. The penalty on Yes Bank is Rs 91 lakh, while that on ICICI Bank is Rs 1 crore. Yes Bank The penalty is imposed on Yes Bank because it … Read more
MUMBAI: RBI has imposed penalties on ICICI Bank and Yes Bank of Rs 1 crore and Rs 91 lakh, respectively, for violation of norms. Yes Bank violated RBI norms by imposing charges on bank accounts where the balance had run down to zero. It had also opened and operated internal accounts in customers’ names for … Read more
“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more
Mumbai: ICICI Bank’s contentious bid to delist ICICI Securities (I-Sec) has been cleared by the broking arm’s public shareholders. In the voting process that ended on March 27, investors holding 71.89% of the lender’s shares favoured the proposal, while those owning 28.11% voted against it, paving the way for ICICI Securities’ delisting from the bourses. … Read more
MUMBAI: Shareholders of ICICI Bank and its subsidiary, ICICI Securities, have approved the proposal to convert the latter into a wholly-owned subsidiary. ICICI Bank holds 75% stake in its securities arm, while public shareholders own the remaining 25%. I-Sec was listed in 2018.Despite resistance from a section of retail investors, the proposal garnered significant support … Read more