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700 proposals received for 1D1F but gov’t unsure when factories will start

Joy Online 21 Jun 2018

Trade Minister, Alan Kyerematen, told Parliament Wednesday that the project will be led by private sector players, indicating that they would be able to provide the timelines for completion ... Equity contributions of both the government and the private sector would be used to leverage additional debt financing from local or foreign banks....

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Municipal school gate collapses, two boys injured

The Times of India 21 Jun 2018

The boys were initially shifted to the Surat Municipal Institute of Medical Education (SMIMER) for treatment and later Mahesh was shifted to a private hospital due to serious injuries ... 10 best banks for opening a savings bank account in India ... Brazil take on Switzerland in Group E ... Argentina face Croatia in Group D match....

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FBNQUEST Asset Management Launches ‘#BuildingTogether’ Initiative

This Day 21 Jun 2018

FBNQuest Asset Management was recognised as the ‘Best Asset Manager in Nigeria’ in the prestigious Euromoney Private Banking and Wealth Management Survey 2017. The prestigious Euromoney Private Banking and Wealth Management Survey is the industry’s leading barometer of the world’s best service and product providers....

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Lady pradhan thrashes bank manager with sandal

The Times of India 21 Jun 2018

A verbal spat between a lady pradhan and a bank manager went sour to an extent that the woman took out her sandal and thrashed the manager in his cabin. The incident took place at the Bank of Baroda Bainsroadgarh branch of Chittorgarh on Tuesday evening ... The bank employees went on a half-day strike on Wednesday and burnt the woman’s effigy in protest ... Since the banking time had closed, the cashier refused....

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Panama Papers: Mossack Fonseca managed three offshore firms for PVR’s Bijlis

Indian Express 21 Jun 2018

In April 2016, according to the latest cache of Mossack Fonseca’s internal documents, the Bijli family also held two other offshore companies through a Trust and Delhi-based Priya Exhibitors Private Limited ... On April 5, 2016, Delhi’s Priya Exhibitors Private Limited was the sole shareholder of Cinestar Limited (BVI), according to Mossack Fonseca records....

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Ulster Bank shortlists bidders for €1.6bn distressed mortgage book sell-off

Irish Independent 21 Jun 2018

Ulster Bank has shortlisted bidders for the final stage of the race for its €1.6bn portfolio of soured home loans. It is understood the portfolio of distressed mortgages, which comprises about 3,600 owner-occupier loans and 2,900 buy-to-let exposures, has attracted a line-up of global private equity players, with Cerberus, Goldman Sachs, Oaktree and Lone Star all displaying interest in the assets....

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ICICI Bank looks to appoint M.D. Mallya as new chairman

Live Mint 21 Jun 2018

ICICI Bank has sought RBI’s approval to name independent director M.D ... ICICI Bank Ltd has sought the Reserve Bank of India’s (RBI’s) approval to name independent director M.D. Mallya as the next chairman of India’s second largest private bank, whose board has been criticized for letting a crisis at the bank fester ... (Still) the bank is yet to hear from RBI.”. Once ICICI Bank chairman M.K....

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Repossession is 'too difficult' here - AIB chief executive

Irish Independent 21 Jun 2018

And Bernard Byrne said the move by regulators to force banks to maintain "conservative" capital levels will mean higher costs for customers ... He is set to tell the politicians that the demands of regulators that banks hold lots of capital carry cost implications for the bank ... This week the AIB Group was forced to admit another 500 tracker denial cases at its subsidiary EBS....

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Circular debt and late-payments: ‘Chinese investors may withdraw from Pak power sector’

The News International 21 Jun 2018

Amid the ballooning power sector’s circular debt, private sector investors have expressed the apprehension that Chinese investors may withdraw their investment from the sector due to late payment of their dues.CEO HUBCO Khalid Mansoor said that due to delay in payments to the bank, they are paying extra mark up and the government is not ready to pay it....

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Meet Sierra Leone's new Anti-Corruption Commission boss

The Patriotic Vanguard 21 Jun 2018

His areas of expertise covers Legal aspects of International Finance, International Economic Law, Private International Law, Regulation of Financial markets, Corporate Finance, Structured and Secured Finance, Banking Law, Central Banking and Regulation, International Financial Law, International Investment Law, International Trade Law, Climate ......

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Dena Bank fraud: After losses, PSU banks have banned CA firm

The Times of India 21 Jun 2018

In the backdrop of the Rs94 crore loan frauds revealed at Dena Bank, the spotlight is on a chartered accountancy firm from the city. M/s Ajay and Amar Associates has been linked to numerous loans that have turned Non-Performing Assets (NPAs) across PSU banks in the city since last two years. Dena Bank has filed a complaint with the Institute of Chartered Accountants of India (ICAI) about this firm ... MPROFIT SOFTWARE PRIVATE LIMITED....

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More conflict of interest? Mumbai house of Kochhars has Videocon connection

Indian Express 21 Jun 2018

THE INCOME Tax department is probing the acquisition of the current family residence of Chanda Kochhar, the CEO and MD of ICICI Bank, in South Mumbai by her husband Deepak Kochhar in a complex transaction involving firms linked to Videocon Group, sources have told The Indian Express ... from ICICI Bank in 2012....

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Columbia Pacific Food Bank invests in the future

The St Helens Chronicle 21 Jun 2018

On Friday, June 15, the Columbia Pacific Food Bank closed the purchase of Columbia Electric Feed & Seed on Columbia Boulevard in St ... Wheeler said the food bank also wishes to have a repack room in the pantry where community groups can come in and repack food items. According to Wheeler, a lot of groups contact the food bank wishing to do so, but they are sent to the Oregon Food Bank instead because the space in St....

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