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Union Bank of India, commonly referred to as Union Bank, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.19,84,842 crores. [ 8 ] After the merging with Corporation Bank and Andhra Bank , which came into effect on 1 April 2020, the merged entity became one of the largest PSU banks ...
The 1991 Indian economic crisis was an economic crisis in India resulting from a balance of payments deficit due to excess reliance on imports and other external factors. [ 1] India's economic problems started worsening in 1985 as imports swelled, leaving the country in a twin deficit: the Indian trade balance was in deficit at a time when the ...
e. The 1992 Indian stock market scam was a market manipulation carried out by Harshad Shantilal Mehta with other bankers and politicians on the Bombay Stock Exchange. That scam caused significant disruption to the stock market of India, defrauding investors of over ten million USD. Techniques used by Mehta involved having corrupt officials ...
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
Indian Gas Exchange. Website. www .iexindia .com. The Indian Energy Exchange (IEX) [ 2] is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission (CERC). IEX started its operations on 27 June 2008. [ 3] Indian Energy Exchange pioneered the development of power trading in India and ...
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded. [ 1]
The Bank of England has kept its base rate fixed at 5.25% for almost a year to fight rising prices. The consumer prices index (CPI) hit the bank’s target of 2% in May. However, the central bank ...
Website. www .msei .in. Metropolitan Stock Exchange of India Limited ( MSE) is a stock exchange regulated by Securities and Exchange Board of India (SEBI). The Exchange was notified of a "recognized stock exchange" under Section 2 (39) of the Companies Act, 1956 by the Ministry of Corporate Affairs, Govt. of India, on December 21, 2012.