News about Indian banks taking hit of $3 billion is false: Finance Ministry

NEW DELHI: The finance ministry on Monday clarified that news circulating that tax department has estimated Indian banks could take a hit of more … of illegal letters of undertaking and foreign letters of credit favour Nirav Modi and Gitanjali group of companies which were not authorised by the bank.
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Ship Finance International Limited (NYSE:SFL) has been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy
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Ares Management is looking to sell its 50 percent stake in a Greenwich Village office building that its partner Normandy Real Estate Partners is planning to demolish and replace with a ground-up, Class-A office building. The global alternative asset manager led by Michael Arougheti recently hired
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The Columbus housing market is being stressed by long-term scars left by the Great Recession, leaving it to lag the rest of the country in its recovery. At last week's Columbus Business First Power Breakfast, M/I Homes CEO Bob Schottenstein told the more than 900 attendees about the region's relatively
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For 2018-2020, Freddie Mac and Fannie Mae have set a goal of 24 percent for the amount of mortgages they must purchase from low-income borrowers, defined as those earning less than 80 percent of the median income for a given metropolitan statistical area (MSA). Six percent must come from very
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It was a “great year” for the housing market in Catalonia, and Spain as a whole, according to the annual report for 2017 from Spain's property registration authority. Some 77,830 homes were bought and sold in Catalonia in 2017, a 15.9% rise over the previous year. It is the highest number of sales in the
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Skipton Building Society will refresh its rates across a wide range of mortgage products, introducing a 3-year fixed range for Help to Buy and rate cuts to all new build fixed rate products of up to 0.13%. Its buy-to-let product is a 5-year fixed remortgage at 2.89% to 75% LT without a fee and at a 2-year
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Acrospire Investment Management LLC lifted its holdings in Mondelez International by 1,450.0% in the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company's stock valued at $134,000 after buying an additional 2,900 shares during the period. Rockefeller
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The Fable series of games have a focus on choosing between good or evil, and those mechanics translate through to the collectible card game developed by Mediatonic & Flaming Fowl Studios. While quite a few CCGs focus on creating decks around a certain strategy, Fable Fortune allows you multiple
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Fable Fortune, the collectible card game from Flaming Fowl Studios, leaves early access on Feb. 22. The free-to-play title will go live on PC and Xbox One. Flaming Fowl, which counts among its members several ex-Lionhead Studios members, originally pitched Fable Fortune on Kickstarter. With just a
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“National home prices have surpassed their prior peaks, and homebuyers are faced with bidding wars as inventory is low. These challenges are more onerous for first-time homebuyers who do not have the advantage of another home to sell—that has likely appreciated—to help with funding the down
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She arranged to meet them at her own home, before taking them to the properties they were “interested” in. Two couples – two men and two women – arrived in a grey double cab at 09:00. “The agent did not suspect anything as they were neatly dressed,” said police spokesperson Captain Colette
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About 81.7 percent of the disbursed loan of Tk 176.5 billion was in the form of short-term lending and the rest 18.3 percent was long-term loans for purchase of irrigation equipment, agricultural machinery, livestock, etc. Credit for production of crops constituted 56.2 percent and it was 6.6 percent for
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USA Mortgage's sole owner, president and CEO, Douglas Schukar, transferred ownership of the company to employees through an Employee Stock Ownership Plan (ESOP). The St. Louis-based mortgage company, a division of DAS, announced the formation of the ESOP on its Facebook page Monday.
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President Donald Trump is using part of the U.S. holiday weekend in South Florida to discuss how to improve school safety and prevent gun violence following the country's latest mass shooting. Trump, staying at his Mar-a-Lago retreat and venturing out to the golf course, has been speaking with people
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“New Penn Financial and Shelter Mortgage are excited to grow the JV space and committed to expanding across the US by partnering with real estate offices who want to provide a full-service offering to their local client base,” Corey Caster, CEO of Shelter Mortgage, said. “We're excited for this
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Like a cinematic pipe bomb that directors Axel Petersén and Måns Månsson have slyly left in the midst of the (occasionally mediocre, sometimes truly terrible) Official Competition strand this year, The Real Estate has sincerely blown audiences to polar opposites of opinion. But in terms of the viewer
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Young families say their generation has been priced out of the Vancouver condo market, making it impossible to get housing anywhere near the city. … Skyrocketing real estate and rental markets across much of the country have some families choosing small spaces over suburban sprawl — and finding
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Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. The stock increased 0.16% or $0.01 during the last trading session, reaching $6.38. About 386,545 shares traded. Dynex Capital, Inc.
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KBND Real Estate Expert Fred Johnson says this winter has seen about three-times as many properties hit the market compared to last year, partly due to … Johnson believes changing consumer trends are partly responsible for shortening the “off” season because house hunters no longer have to brave
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