Nothing should be done to hurt interest of depositors: Uday Kotak

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Nothing should be done to hurt interest of depositors: Uday Kotak

NEW DELHI : The banking laws are aimed at protecting depositors and nothing should be done to jeopardize their interest, newly elected CII president Uday Kotak has said, as the Supreme Court looks into the matter of interest waiver during moratorium …
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Indian Overseas Bank cuts lending rate by up to 30 basis points

Indian Overseas Bank reduced its interest rate on loans linked to MCLR by 30 basis points in overnight tenor and by 20 bps in one month to one year tenors. Share Via Email. Published: 07th June 2020 03:56 PM | Last Updated: 07th June 2020 03:56 PM …
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Singapore's Future Won't Look Like the One Before Coronavirus

A street stands deserted in Singapore, June 2. Photographer: Lauryn Ishak/Bloomberg
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Mega Millions ticket worth $1M sold in NJ as jackpot climbs to $410 million

A Mega Millions ticket worth $1 million was bought in New Jersey for Friday night’s drawing, lottery officials said. New Jersey Lottery officials will disclose the retailer that sold the lucky ticket on Monday,. No one across the country hit the $378 million jackpot, …
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No change to Rosneft sanctions despite ownership change – US Treasury

By Daphne Psaledakis, Vladimir Soldatkin and Olesya Astakhova. WASHINGTON/MOSCOW (Reuters) – Russia lowering its direct stake in top oil producer Rosneft will not alter its exposure to U.S. sanctions, a U.S. Treasury spokesman told Reuters.
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