CHENNAI BANKS NEWS
Union Bank of India puts 41 NPAs worth ?1,561 cr on block
Union Bank of India is selling 41 bad-loan accounts, including those of Nirmal Lifestyle, Future Brands, Sahara Hospitality, and Panduranga Energy Systems, totaling ?1,561 crore. Interested parties can bid by February 11, with auctions on February 12 and a second round on February 20.
Gold Price Today: Yellow metal prices rally by Rs 850/10 gm this week, silver prices trade flat amid volatility
Gold February futures rose to Rs 79,880 per 10 grams, while silver March futures increased to Rs 91,790/kg. Gold prices are on track for a fourth consecutive weekly gain due to US trade uncertainty and a weaker dollar, while silver prices have remained stable. Analysts expect volatility in both metals due to fluctuations in the dollar index and global bond markets.
Gold Price Today: Yellow metal prices jump up Rs 400/10 gm this week while silver prices remain flat
Gold February futures opened slightly lower at Rs 79,464, while silver March futures traded at Rs 91,472. Gold has gained Rs 450/10g this week, while silver remained flat. Both metals showed volatility amid global uncertainties, particularly US tariffs. Analysts expect continued volatility, with gold supported at Rs 79,300 and silver at Rs 91,220.
Are banks open or closed this Saturday on December 21, 2024?
Banks across India will observe multiple holidays during the last 11 days of the year due to various regional occasions in different states. Indian banks will function regularly on December 21 since it is the third Saturday of the month. Know more about bank holidays across specific Indian states in December, and are banks open today or not in this story.
Stocks in news: Vodafone Idea, Tata Motors, NHPC, Brookfield India REIT, Premier Polyfilm, Torrent Power and Datamatics
When markets resume trading today, Vodafone Idea, Tata Motors, NHPC, Brookfield India REIT, Premier Polyfilm, Torrent Power and Datamatics Global Services among others, will be in focus due to various related developments or quarterly earnings.
Bluestone IPO update; India¡¯s GCC expansion
Happy Friday! Jewellery retailer Bluestone¡¯s board has approved its initial public offering plan. This and more in today¡¯s ETtech Morning Dispatch.
RBI lifts restrictions on Sachin Bansal's Navi Finserv
The Reserve Bank of India lifted restrictions on Navi Finserv. This decision follows the company's rectification of deficiencies after several rounds of interaction with the RBI. Navi Finserv can now resume loan sanctioning and disbursement operations. Restrictions were initially imposed due to material supervisory concerns, including excessive loan pricing. Similar restrictions were placed on three other NBFCs.
RBI Governor Shaktikanta Das hospitalised in Chennai for acidity complaint, discharged
Reserve Bank of India Governor Shaktikanta Das was admitted to a Chennai hospital. He experienced acidity. Doctors kept him under observation. Apollo Hospitals discharged him on Tuesday. A spokesperson confirmed Das is doing well. Das became RBI Governor in 2018. His term was extended for three more years in 2021.
RBI Governor Shaktikanta Das admitted to hospital in Chennai
Reserve Bank of India Governor Shaktikanta Das has been admitted to a corporate hospital here, a source told news agency PTI on Tuesday. As per the report, ??he was being monitored. There was no immediate official information from the hospital.
Stocks in news: ZEE, HDFC Bank, HCL Tech, Zomato, RVNL
HDFC Bank is in the final stages of assigning a Rs 12,372 crore car loan portfolio, its second such transaction in two months as the bank seeks to bring down its credit-deposit ratio (CD ratio).
Stocks in news: Coal India, JSW Steel, ITC, IndiGo, Shriram Properties
Diversified conglomerate ITC Ltd reported net profit of Rs 4,993 crore in the quarter ended September 2024. This is a jump of 2% from Rs 4898 crore reported in the previous year quarter.
This man has a multibillion-dollar business empire but owns no mobile phone, lives in a simple house
R Thyagarajan lifestyle: Ramamurthy Thyagarajan, the owner of Shriram Group, is a well-known name in the world of business. The renowned business tycoon is known to live a very simple and humble life. Arguably one of the world¡¯s most idiosyncratic financiers, R Thyagarajan founded Shriram Chits which went on to become a very successful business empire.
Chennai rains: Will the cyclonic depression hit the Tamil Nadu coast tomorrow? Check IMD's latest weather update
Chennai rains: Chennai and surrounding areas are experiencing heavy rainfall due to a depression in the Bay of Bengal, which is intensifying into a cyclone. The weather department has predicted heavy rainfall for Chennai and its nearby areas and the cyclone is likely to hit the Tamil Nadu coast tomorrow, October 17. Drones have been put to use to supply essential materials and food items in rain-hit areas of Tamil Nadu.
Chennai rains: Are banks open in Tamil Nadu's capital on October 16?
The Tamil Nadu government has declared a public holiday on October 16 due to predicted heavy rainfall, closing government offices in Chennai, Thiruvallur, Chengalpet, and Kancheepuram, while banks and essential services will remain operational. Essential services, including police, hospitals, and transport, will function normally.
Indian Overseas Bank opens Retail Loan Processing Centres across cities
Indian Overseas Bank has launched retail loan processing centres in eight cities, including Chennai and Delhi, to streamline loan approvals and reduce turnaround times. Equipped with digital technologies, these centres aim to enhance financial accessibility and support the bank's growth in the retail segment. The bank also unveiled an ATM kiosk at Chennai's Central Railway Station.
Chennai's 25-year transformation: Office space surges 75-fold, housing 27-fold, as city transforms into tech and industrial powerhouse
Chennai's real estate market has experienced significant growth over the past 25 years, particularly in the office, residential, and logistics sectors. The city has become a major hub for Global Capability Centers, data centers, and manufacturing, driven by strategic infrastructure development and supportive government policies.
How to build a resilient portfolio to achieve sustainable growth
Given the turbulence periodically cropping up in global and domestic markets, it becomes critical for retail investors to start constructing a resilient portfolio. Thorough research and a strategic approach to diversification are essential for navigating such volatility and achieving sustainable growth in their portfolios.
Bolstering micro enterprises, women entrepreneurs get top focus at ET Make in India SME Summit in Chennai
The Chennai event saw a full house, bringing together a range of entrepreneurs, industrialists, policymakers and experts to discuss ways to strengthen the might of the industrial ecosystem in the region.
Narayanan Vaghul cremated in Chennai, industry doyens pay last respects to veteran banker
Veteran banker and Padma Bhushan recipient Narayanan Vaghul, who passed away on May 18 at the age of 88, was cremated in Chennai on Sunday. Industry leaders including Ajay Piramal and R Seshasayee paid their respects. Vaghul, former head of ICICI, was remembered for his significant contributions to the banking sector, particularly in mentoring many successful women bankers. Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das also offered condolences.
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