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Bank lending expanded by over Rs one trillion in Sept: Soumya Kanti Ghosh

Overall credit that month was Rs 71,500 cr from a negative Rs 36,000 cr in August. Hence, effectively credit jumped by Rs 1.07 trillion in Sept, says SBI's chief economic advisor

Credit growth to industry nil in Sept, banks pick services sector for loans

Personal loans grew 9.2 per cent year on year in September: compared to 16.6 per cent in September 2019

Three directors quit Piramal Entreprises board to aid succession planning

Keki Dadiseth, Dr. R.A. Mashelkar and Prof. Goverdhan Mehta, independent directors on the board of Piramal Enterprises have resigned, the company informed BSE

RBI fines Jio Payments Rs 1 cr for failing on CEO reappointment rule

Action was based on the deficiencies in regulatory compliance, says central bank.

Govt put out update FDI policy, ambiguity on Chinese firms continues

The new edition includes the April 2020 circular that said foreign investment from countries sharing a land border with India requires prior approval of the Indian government

Deepika Padukone most beautiful celebrity, Amitabh most respected: TIARA

Rankings part of research report by Indian Institute of Human Brands

M&M Financial Services' net profit rises 21% to Rs 304 crore in Q2

The provisions and write-offs stood at Rs 619.4 crore in Q2Fy21, up from Rs 360.7 crore in the year-ago period

SBI Life Insurance's net profit more than doubles to Rs 299 crore

In the first half of the financial year (FY21), net profit of the insurer was up 38 per cent to Rs 690 crore over the same period a year ago

Mirae MF launches passive ESG funds, NFOs open between Oct 27-Nov 10

Mirae Asset ESG Sector Leaders ETF is an open-ended scheme tracking Nifty 100 ESG Sector Leaders Total Return Index. The second, an FoF, will invest predominantly in this ETF

L&T Finance Holdings set to slash defocused loans to Rs 1,000 crore

The company reduced its defocused book by 50 per cent year-on-year from Rs 10,365 crore in 2018-19 to Rs 5,230 crore in 2019-20.

IL&FS resolves Rs 1,460 crore debt in Q2; misses target due to Covid-19

The board is now looking to resolve Rs 13,200 crore of additional debt by December 2020

RBI deputy governor Rajeshwar Rao to handle regulation department

After Vishwanathan demitted office in March, these departments were allocated to the remaining three deputy governors

Rs 11.1 trillion: Amount RBI pumped into banking system to boost liquidity

It pared repo rate by 40 bps on May 22, on top of a 75 bps cut on March 27, brought liquidity enhancing steps that stabilised bond yields even in the face of a Rs 12 trn borrowing programme

Tata Tech, GKN Automotive set up e-mobility software centre in Bengaluru

Spread over 12,650 sq ft, the unit will leverage Tata's expertise in electric and embedded systems, and its ability to attract talent to work on GKN Automotive's e-drive

Wipro to consider share buyback proposal, decision on 13 Oct board meeting

Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS

Likhitha Infrastructure IPO sails through after tweaks to structure

Garners 9.5x subscription; offer was to close Thursday but was extended due to shortfall in bids from QIBs even as retail portion saw strong demand

Urban Company introduces unlimited mental health leave for workers

Any employee who wants to avail the service would have to register on iWill

Airline industry still in the red, losing $ 300,000 per minute: Association

IATA calls on governments to support the industry during the coming winter season with additional relief measures

Sebi tweaks product labelling norms for MF industry, introduces new label

The regulator also released a detailed framework for assigning labels to various mutual fund schemes

India born Bhaskar Ghosh named Accenture's chief strategy officer

Simon Eaves who was previously the chief strategy officer at Accenture has been appointed managing director for UK and Ireland