Banks with higher write-offs include Bank of India, Punjab National Bank (PNB), Bank of Baroda (BoB), Axis Bank and IDBI Bank. Among these, recoveries fell 17-50% at BoB and Bank of India. Reliance Industries: The Indian government has challenged an arbitration award, before an English High Court, over a cost recovery dispute in the western offshore Panna-Mukta and Taoil and gas fields of Shell and Reliance Industries. DHFL: Dewan Housing Finance Corporation (DHFL) on Sunday reported a consolidated net profit of Rs96.75 crore for the quarter ended March. RBL Bank: The Reserve Bank of India (RBI) has approved the re-appointment of Vishwavir Ahuja as managing director and CEO of the bank, for another year, effective 30 June.

Source: Mint June 07, 2021 02:26 UTC