Ucb

The RBI circular stipulates that prudential exposure limits for UCBs for a single borrower and a group of connected borrowers will be 10 per cent and 25 per cent respectively

HTC is set to launch the HTC U 11 smartphone in Taiwan on May 16, and the big highlight of the device is expected to be the Edge Sensor feature teased in many videos so far.

Cash-rich large pharmaceutical firms in India are now looking at acquisition of niche product portfolios in regulated markets, a report said on Tuesday.

Alembic Pharma has received final approval from the US health regulator for Lacosamide tablets, used for treatment of partial-onset seizures, in the American market.

Alongside, the University of California, Berkeley (UCB) has shown interest in working to promote the startup ecosystem.

Chairman of the National Federation of Urban Co-operative Banks and Co-operative Credit Societies (NAFCUB), Mukund Abhyankar said the general body at its meeting has already passed a resolution to reject the recommendations of the committee, specifically relating to conversion of urban cooperative banks into joint stock companies.

A Reserve Bank of India panel on Thursday recommended converting urban cooperative banks (UCBs) with business size of Rs 20,000 crore or more into regular banks to allow them to grow and proliferate further for financial inclusion.

On April 1, the drug firm had said that it would acquire select portfolio of established brands of UCB in India, Nepal, Sri Lanka and Maldives for Rs 800 crore.

Lupin and Cipla, which rank among India's top five drugmakers by sales, submitted first-round offers in late April for UCB's Kremers Urban Pharmaceuticals Inc unit that could be valued at about $1 billion, Bloomberg said.

The deal will help Dr Reddy's strengthen its presence in dermatology, pediatrics and respiratory products, the company said in a statement to the Bombay Stock Exchange.

Dr Reddy's had cash and market investments worth $456 million, according to a company presentation in February.

The urban co-operative banks are allowed to give gold loan under the bullet repayment scheme.

The Reserve Bank of India (RBI) has allowed all urban cooperative banks (UCBs) to act as PAN service agents.

Cracking down on money laundering, the Reserve Bank of India (RBI) has closed down six urban cooperative banks (UCBs) suspected of being used to route illegal money.

RBI defined UCBS as needing to provide loans to lower and middle income groups, as well as agriculture and small businesses, instead of government-owned companies, which are called public sector undertakings (PSUs) in India.

The RBI circular stipulates that prudential exposure limits for UCBs for a single borrower and a group of connected borrowers will be 10 per cent and 25 per cent respectively

HTC is set to launch the HTC U 11 smartphone in Taiwan on May 16, and the big highlight of the device is expected to be the Edge Sensor feature teased in many videos so far.

Cash-rich large pharmaceutical firms in India are now looking at acquisition of niche product portfolios in regulated markets, a report said on Tuesday.

Alembic Pharma has received final approval from the US health regulator for Lacosamide tablets, used for treatment of partial-onset seizures, in the American market.

Alongside, the University of California, Berkeley (UCB) has shown interest in working to promote the startup ecosystem.

Chairman of the National Federation of Urban Co-operative Banks and Co-operative Credit Societies (NAFCUB), Mukund Abhyankar said the general body at its meeting has already passed a resolution to reject the recommendations of the committee, specifically relating to conversion of urban cooperative banks into joint stock companies.

A Reserve Bank of India panel on Thursday recommended converting urban cooperative banks (UCBs) with business size of Rs 20,000 crore or more into regular banks to allow them to grow and proliferate further for financial inclusion.

On April 1, the drug firm had said that it would acquire select portfolio of established brands of UCB in India, Nepal, Sri Lanka and Maldives for Rs 800 crore.

Lupin and Cipla, which rank among India's top five drugmakers by sales, submitted first-round offers in late April for UCB's Kremers Urban Pharmaceuticals Inc unit that could be valued at about $1 billion, Bloomberg said.

The deal will help Dr Reddy's strengthen its presence in dermatology, pediatrics and respiratory products, the company said in a statement to the Bombay Stock Exchange.

Dr Reddy's had cash and market investments worth $456 million, according to a company presentation in February.

The urban co-operative banks are allowed to give gold loan under the bullet repayment scheme.

The Reserve Bank of India (RBI) has allowed all urban cooperative banks (UCBs) to act as PAN service agents.

Cracking down on money laundering, the Reserve Bank of India (RBI) has closed down six urban cooperative banks (UCBs) suspected of being used to route illegal money.

RBI defined UCBS as needing to provide loans to lower and middle income groups, as well as agriculture and small businesses, instead of government-owned companies, which are called public sector undertakings (PSUs) in India.