Mumbai: The Mumbai police has issued look-out circulars against Cox & Kings (India) promoter Ajay Ajit Peter Kerkar, former director Urrshila Kerkar, chief financial officer Anil Khandelwal and two others to prevent them from leaving the country. The city police’s Economic Offences Wing is probing complaints registered by banks, Kerkar and former executives of Cox … Read more
Mumbai: Gold futures October contract hit a record high of Rs 54,480 per 10 gm , before dipping a tad to Rs 54392 late night India time. The rise reflected the jump in overseas gold to $2002.5 an ounce. The August contract, which expires tomorrow, traded at.a premium of Rs 54,560, indicating that sellers could … Read more
Mumbai: Credit Suisse has sounded caution on reliability of reported profitability numbers by lenders due to high concentration of interest accrued component in bank’s net interest income. The report also said that reported share of moratorium loans dropped across private banks to 10-25% as of June 2020 versus 30-70% in April 2020. “The interest accrued … Read more