[ad_1] MUMBAI: Kotak Mahindra Bankreported a 14% year-on-year decline in standalone net profit to Rs 3,552 crore for the quarter ended March 2025, as rising provisions and narrowing margins weighed on earnings. For the full year, standalone profit after tax rose 6% to Rs 13,720 crore, excluding a Rs 2,730 crore gain from the sale…
[ad_1] NEW DELHI: Supreme Court on Friday quashed the acquisition of bankrupt Bhushan Power & Steel Ltd by JSW under the Insolvency and Bankruptcy Code and ordered liquidation of the debt-ridden company, in a blow to the Sajjan Jindal-led group and public sector banks, reports Amit Anand Choudhary.The court said there were multiple violations of…
[ad_1] NEW DELHI: State Bank of India has declared loan accounts of debt-ridden state-owned MTNL as sub-standard non-performing assets due to non-payment of instalments and interest since June 30, the telecom firm said in a filing.The total outstanding on the MTNL loan account was Rs 326 crore as of Sept 30, according to the SBI…
[ad_1] The State Bank of India (SBI) has extended the registration deadline for the Specialist Cadre Officer (SCO) posts to October 14, 2024. Interested and eligible candidates can visit the official SBI website, sbi.co.in, to complete the registration process. Previously, the last date to apply for SBI SCO recruitment 2024 was October 4, 2024. Through…
[ad_1] Indian politician meet with business man vector illustration. Despite companies in existence for less than three years not being allowed to make political contributions — even through the electoral bonds route — data shows that at least 20 such newly incorporated firms purchased poll bonds worth about ₹103 crore (Table 1). At the time…
[ad_1] NEW DELHI: State Bank of India has refused to disclose the standard operating procedures (SOPs) issued to its authorised branches for sale and redemption of electoral bonds. In response to an RTI application, SBI has refused to share the information citing the “exemption” clause of the Right To Information Act. SBI has stated that…
[ad_1] SBI debit card charges: The State Bank of India (SBI) has recently announced revisions to the annual maintenance charges for certain debit cards, set to take effect from April 1, 2024. As per an ET report, these changes aim to streamline the fee structure and ensure continued service quality for cardholders. Below are the…
[ad_1] NEW DELHI: Chief Justice of India DY Chandrachud reprimanded senior advocate Mathews Nedumpara after a heated exchange during a hearing on electoral bonds.“Don’t shout at me,” the CJI said, adding, “This is not a Hyde Park corner meeting, you are in the court.”Nedumpara was questioning the SC’s ruling, stating that “the entire electoral bond…
[ad_1] NEW DELHI: The Election Commission on Sunday released data on electoral bonds that had been given to the Supreme Court in a sealed cover, but the new data showed that no donors’ details were revealed by the five biggest recipients — BJP, Congress, Trinamool, BRS and BJD, which together account for 87% of EB…
[ad_1] New Delhi: The Supreme Court today came down hard on the State Bank of India for not sharing the complete data on electoral bonds, a scheme that allowed individuals and businesses to donate anonymously to political parties. The court had struck down the scheme and directed the bank to share all details on the…
