From cash with public, Chanda Kochhar's US woes to public banks' losses, check out top 5 newsmakers today
A number of issues have risen today and turned newsmakers quickly due to their likely impact. So, from post demonetisation rising cash levels with public, ICICI Bank and its chief Chanda Kochhar facing an investigation in US, here are 5 top news today.
Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data.
As multi-agency probe continues in India into alleged lapses involving ICICI Bank's chief Chanda Kochhar and her family members, the matter has also come under the scanner of the US markets regulator SEC.
The cumulative losses of public sector banks crossed a whopping Rs 87,357 crore in the 2017-18 fiscal, with scam-tainted Punjab National Bank topping the chart with a hit of nearly Rs 12,283 crore followed by IDBI Bank.
Stock market this week will be guided by a host of key macroeconomic data points including the industrial production numbers for April, global cues, trend in crude oil prices and progress of monsoon, say experts.
An international arbitration tribunal has concluded hearing in the USD 1.55 billion claims made against Reliance Industries and its partners for allegedly syphoning gas from deposits they had no right to exploit and is expected to pronounce a judgement next month.