SGX Nifty indicates a flat opening for Indian markets

For today, expect another day of stock specific gains as indices consolidate at new highs.

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Corporate frauds see massive surge: SBI

Data disclosed in the initial public offering (IPO) document of SBI Cards showed that largeticket corporate frauds worth Rs 26,757 crore were reported to regulators between April and November this year by SBI, compared with Rs 10,725 crore were reported in FY19. The comparison appears even starker when FY18 disclosures, at only Rs 146 crore, are considered.

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Aurobindo Pharma arm to acquire business assets of Profectus BioSciences Inc., USA

The acquisition provides access to proprietary and innovative technology platforms for prophylactic use and therapeutic use along with Global R&D center.

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Top stocks in focus: Indiabulls Housing Finance, Tech Mahindra, RIL, HDFC Bank

Check out the companies which will be in focus during trade today based on recent and latest news developments.

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What not to miss today

Here is the important news for today.

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Banking

Data disclosed in the initial public offering (IPO) document of SBI Cards showed that largeticket corporate frauds worth Rs 26,757 crore were reported to regulators between April and November this year by SBI, compared with Rs 10,725 crore were reported in FY19. The comparison appears even starker when FY18 disclosures, at only Rs 146 crore, are considered.

from Banking/Finance-Industry-Economic Times https://ift.tt/2L3KEZU

Banking

Lenders need to come up with a plan by January 7, failing which they would be required to make 20% provisions or refer the cases to court under IBC within 30 days, under the new RBI rule. “Many cases will be referred to NCLT whereever banks fail to put together a resolution plan,” said a senior bank executive with a public sector bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/35IfX47

Lenders to refer more cases to NCLT

Lenders need to come up with a plan by January 7, failing which they would be required to make 20% provisions or refer the cases to court under IBC within 30 days, under the new RBI rule. “Many cases will be referred to NCLT whereever banks fail to put together a resolution plan,” said a senior bank executive with a public sector bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/35IfX47
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Government measures fail to stem slide in NBFC credit

Loan sanctions fell 34% in the September quarter, a year after the NBFC liquidity crisis at IL&FS. Total NBFC sanctions fell to Rs 1.9 lakh crore at the end of September from Rs 2.9 lakh crore during the same period last year, according to data compiled by the CRIF High Mark credit bureau and the Finance Industry Development Council (FIDC).

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