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IDBI Bank: IDBI Bank seeks ROC help over nominee director dispute with NTADCL

IDBI Bank has raised governance concerns over the exclusion of nominee directors from board meetings of New Tirupur Area Development Corporation Ltd (NTADCL) post-loan repayment. Despite provisions allowing their retention until all dues are settled, the directors were excluded, leading IDBI Bank to write to the Registrar of Companies (ROC). NTADCL, which underwent Corporate Debt Restructuring in 2011, excluded IDBI Bank and SBI s nominee directors, citing vacancy due to loan repayment. IDBI Bank seeks ROC s intervention to assert its right to retain Nominee Directors until all dues are cleared, citing clauses in the MRA, AoA, and Companies Act, 2013. ....

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SBI to Hire Consultant to Explore Business Potential in EV Charging Space

SBI to Hire Consultant to Explore Business Potential in EV Charging Space : Rashtra News #SBI #Hire #Consultant #Explore #Business #Potential #Charging #Space Amid the government's thrust on electric vehicles (EVs), the country's largest lender SBI has decided to hire a consultant to explore the business potential of digital payments in EV charging space.As per ....

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Nifty Bank rallies over 1,000 points, hits new high; Axis, ICICI Bank & SBI scale fresh 52-week highs

During the day, the banking benchmark scaled a fresh record high of 49,473. ICICI Bank, Axis Bank, and SBI also hit fresh 52-week highs in intraday trade. AU Small Finance Bank closed with gains of over 6%, while ICICI Bank gained more than 4% and SBI ended over 3% higher. ....

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