Kochhar's termination case: HC seeks RBI's reply



Chanda Kochhar, the high-profile ex-banker had on November 30 moved the Bombay high court challenging “termination” of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak Kochhar. A division Bench of justices Ranjit More and SP Tavade allowed her to implead RBI and directed the apex bank to file its reply by December 16.



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More bad news, Goldman pegs FY20 GDP growth to 5.3%



The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.



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Sensex, Nifty end flat in volatile trading



Investors turned cautious weighing weak GDP numbers and continued drop in automobile sales, bringing banking and auto sector stocks under pressure.



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In a first, RBI sends DHFL to NCLT for debt resolution



Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.



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