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Furthermore, it claims 59% in currency derivatives and 79% in interest rate derivatives in India, as of 2016. The exchange also received the CII EXIM Bank Excellence Prize in 2014 and 2016. Other honors include the IMC Ramkrishna Bajaj National Quality Certificate of Merit for 2014.
At its height spanning 14 years between 2002 and 2016, the company went on an acquisition spree. In a surprise turn of events, bankers of the company refused to provide PC with a No Objection Certificate. Yes Bank however under-reported its NPA by a huge margin from 2016-2018 in an attempt to mislead its investors.
And so it’s become more and more heated to the point where the appraisal subcommittee, which is allowed to monitor and review the appraisal foundation, the appraisal foundation is basically to maintain the verbiage of our license, our certification, what we’re supposed to do. So they changed their name to Extell.
An important point to know here is that all the brokers- Full service or discount brokers are licensed and regulated in India by regulating bodies like SEBI. He was named one of the “Top 10 Businessmen to Watch Out for in 2016 in India” by The Economic Times for pioneering and scaling discount broking in India.
And, and just to, to wrap up the M&A, you win another Loeb award in 2016 covering the Dow DuPont merger. I mean I, so I’ve been an Amazon member since I got a gift certificate from my college roommate. So it’s a license to steal. Barry Ritholtz : Huh. That was a giant merger. 00:13:08 [Speaker Changed] Right?
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