Tax applicable as per Income tax law, for current financial yeartax on short term capital gain is
Reserve Bank, approval is subject to the following conditions: In case of any disputes, the legal provisions in the Companies Act and the decision of the Courts would apply.
The prohibition will include any renewal or enhancement of existing loan facilities. The restriction contained in Section 20 of the Act ibid, does not make any distinction between professional directors and other directors and would apply to all directors.
This additional 10 per cent by way of priority sector advances will apply until such time as the aggregate priority sector advances reaches a level of 40 per cent of the total net bank credit of the bank.
The bank should, however, mark to market the above instruments and provide for any loss in their value in the manner prescribed for the investments of the bank.
Any incremental accretion to the above project-finance category of equity investment will be reckoned within the 5 per cent ceiling for equity exposure for the bank.
The inclusion of preference share capital of Rs. Certificates from statutory auditors should be obtained in this regard and kept on record.tranceformingnlp.com is a platform for academics to share research papers.
An application for merger of ICICI Ltd. with ICICI Bank Ltd. was submitted to the Reserve Bank of India (RBI) on October 25, for regulatory approvals. Basic information of icici bank (Industrial Credit and Investment Corporation of India Bank): ICICI Bank was established by the Industrial Credit and Investment Corporation of India, an Indian financial institution, as a wholly owned subsidiary in Raghavendra is a professional banker with over 25 years of experience across Retail Banking, Trade Finance, Compliance, Regulatory, Operations, Product and Process Management.
Acquisitions can quickly & dramatically shift an organization's position with new market attraction & its enhanced position. Huconsultancy, mergers & acquisitions consulting, explains the 7 step process here for successful Merger & Acquisition (M&A) that will certainly ensure the maximization of the strategy of M&A and its value.
2 Content The merger Transformation in the financial sector ICICI group today - a virtual universal bank Rationale for merger Merger process Conclusion Summary of half yearly performance ICICI ICICI Bank.