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UCBs need to discourage very long and continuous tenures of directors: RBI

UCBs need to discourage very long and continuous tenures of directors: RBI
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RBI cancels licence of Urban Co-op Bank, Sitapur, Uttar Pradesh

The Commissioner and Registrar of Cooperative, Uttar Pradesh has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

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Three breakfasts and an IPO

Three breakfasts and an IPO Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch Despite its CEO’s nerves, Zomato s Rs 9,375-crore IPO sailed through the first day of bidding yesterday, thanks to a strong retail response and support from institutional investors. Also in this letter: India largest source of info requests from govt: Twitter Retail investors devour Zomato shares on day 1 of IPO Yesterday, which began with Zomato’s chief executive Deepinder Goyal ordering three breakfasts, ended with his company’s share issue subscribed 1.05 times on the first day of its historic IPO, the first domestic listing by an Indian startup unicorn.

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Citigroup considering divesting some foreign consumer units

Citigroup considering divesting some foreign consumer units Citigroup’s operations in Asia are led by Peter Babej, who previously headed up the lender’s business of advising banks and other financial institutions on mergers and acquisitions. (REUTERS)Premium . Updated: 20 Feb 2021, 06:29 AM IST Bloomberg The company is weighing divesting certain units across retail banking in the Asia-Pacific region, including those in South Korea, Thailand, the Philippines and Australia Share Via Read Full Story Citigroup Inc. is studying options for slimming down the firm’s sprawling international consumer operations as part of incoming Chief Executive Officer Jane Fraser’s efforts to simplify the bank.

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Sharp rebound expected in green capacity addition

Sharp rebound expected in green capacity addition Sharp rebound expected in green capacity additionPremium 2 min read Share Via Read Full Story Mumbai: India is expected to see a sharp rebound in capacity addition this year, said industry experts, after adding only 4.9 gigawatts (GW) of renewable energy capacity in 2020 due to disruptions caused by covid-19. India will add a record about 16 gigawatts (GW) of renewable energy capacity in 2021, showed estimates by energy consultancy firm Bridge To India. In December, the country’s total renewable energy capacity crossed the 94GW mark. TRENDING STORIESSee All 4 min read Premium 2 min read Premium 1 min read

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