NEWS CORNER
1.
The Reserve Bank of India (RBI)
has frozen the remuneration of Bandhan Bank chief executive officer and
managing director ChandrashekharGhosh for not complying with the promoter
shareholding norms. Bandhan Bank also cannot open new branches without the
regulator's permission.
2.
SEBI has barred Rich Infra
Developers India and its four directors from the capital markets for at least
four years and also directed them to refund money collected illegally from
investors. The directors have also been restrained from holding key managerial
position of any listed company for four years, the Securities and Exchange
Board of India (SEBI) said in an order dated September 27.
3.
Kesoram Industries has received
an approval from Karnataka government for acquisition of some 675 acres of land
for Industrial purpose.
4.
Canara Bank’s board decided to
hike equity share capital amounting upto Rs250cr (Face Value), through
qualified institutional placement route.
5.
Reliance Communications clarified
that Paytm’s parent company-One97 Communications has filed petition in NCLT for
dues worth Rs20.25cr against its two arms.
Missed call
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