IndusInd Bank in focus on dismissing financial instability rumours

IndusInd Bank dismissed the reports of financial instability and speculations around its stock price. IndusInd Bank said that it is financially strong, well-capitalized, profitable, and a growing entity with strong governance.

Yes Bank will be in focus as the RBI imposed moratorium on Yes Bank will be lifted today and the private lender will restore full banking services after 6 pm today.

Mahindra & Mahindra informed that the company has signed an agreement for subscribing to around 5% of the share capital of Eurl LD Azouaou, Algeria (LDA). LDA is engaged in the business of tractor assembly and distribution in Algeria.

Wipro announced the successful implementation of core banking solution for Kaveri Grameena Bank as part of the merger with Pragathi Krishna Gramin Bank to form, Canara Bank sponsored Regional Rural Bank (RRB), Karnataka Gramin Bank. Karnataka Gramin Bank is a pioneer in IT initiatives and priority of the Bank is to bring its customers, mainly rural population, to technology enabled Banking.

Escorts said the board of directors will meet on 20 March 2020 to consider and approve a proposal for issue and allotment of equity shares by way of a preferential allotment and a corresponding reduction of an equivalent number of shares held by Escorts Benefit and Welfare Trust. There will be no change in the total paid-up equity share capital of the company.

HCL Technologies (HCL) announced the latest version of HCL Appscan, a pioneering product in application security testing, will be generally available in April 2020. AppScan is a single solution for automated application security testing and management activities.

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