Gist of News - 05.01.2016
NASSCOM - National Association of Software and Services Companies.
CRILC - Central Repository of Information on Large Credits
Abidali Neemuchwala took over as Chief Executive Officer of Wipro from TK Kurian.
SBI to set up special branch for catering exclusively to the growing banking needs of startup companies at Bangaluru.
IDBI raised 1900 crores through 2 different separate Basel III compliant tier II bonds on private placement basis. In december, SBI had raised 4000 crore by issuing tier II bonds on private placement basis under the Basel III norms.
RBI imposed penalty of 1 crore on SBI for violation on reporting data to CRILC. Banks are required to report credit information including SMA (Special Mention Accounts) to CRILC on all borrowers having aggregate Fund based and non fund based exposure of Rs.5 crore and above with them.
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