The closure of overseas bank branches is part of government’s plan to rationalise and streamline operations under the reforms agenda for the banking sector approved in 2017 under the then finance minister Arun Jaitley.
The investigating agency has now sought all financial documents, agreements, memorandum of understanding and others from JP Morgan India.
The violent clash between Indian and Chinese troops stirred anti-China sentiments in the country, with protestors and traders’ bodies calling to boycott Chinese products.
Reliance Industries Limited (RIL) has become debt-free, nine months ahead of its March 2021 target.
Most of those who lost jobs at Aramco were foreigners, the sources said. One source estimated that 500 people had been laid off, adding that the job losses were mostly based on performance and similar actions took place each year.
JSW Vallabh Tinplate Pvt Ltd and The Tinplate Company of India Ltd have filed the application for imposition of the anti-dumping duty on imports of coated/plated tin mill flat-rolled steel products.
The advisory also comes against the backdrop of Punjab National Bank recently purchasing three Audi cars worth over Rs 1.30 crore for travel of its top executives.
About 53 per cent are confident of income for the coming six months while the same percentage of respondents said that they have ‘only postponed’ their search for a home for the coming six months.
The lender said it will seek shareholders’ nod in the meeting “to create, offer, issue and allot, such number of equity shares of Re 1 each, for an amount not exceeding Rs 20,000 crore.
The 30-share index, however, briefly turned negative in afternoon session after escalation in India-China border tension, but managed to recoup losses and settled 376.42 points, or 1.13 per cent, higher at 33,605.22.