PepsiCo's bottler Varun Beverages today said it has raised Rs 300 crore by issuing non-convertible debentures (NCD) to RBL Bank and Kotak Mahindra Bank on private placement basis.
27 Feb 2017, 8.02 pm | Source: PTI
IndusInd Bank is not the only one interested in striking a deal with Bharat Financial. The newly-listed RBL Bank is also said to be interested in exploring a merger with Bharat Financial, sources with direct knowledge of the devel...
27 Feb 2017, 3.11 pm | Source: CNBC-TV18
The special resolution is to approve the conversion of loan into equity through allotment of equity shares of the face value of 10 to Yes Bank Ltd.
27 Feb 2017, 2.24 pm | Source: PTI
Market chatter about Axis Bank being merged with Kotak Mahindra Bank refuses to die down, despite Axis Bank denying the possibility. The Axis Bank stock has been steadily rising over the last week.
27 Feb 2017, 8.56 am | Source: Moneycontrol.com
In a free-wheeling interview with Economic Times Axis Bank CEO Shikha Sharma said a marriage isn’t on the cards. She was responding to market speculation that a a bunch of suitors have come calling.
24 Feb 2017, 9.43 am | Source: Moneycontrol.com
Buying spree by foreign investors had led to a breach of their maximum purchase limit in HDFC Bank on February 17.
23 Feb 2017, 3.36 pm | Source: PTI
From the only eligible reported proposal of a Kotak Bank, the list has now widened to include other big names like ICICI Bank, HDFC Bank and HDFC. There could be some over-ambitious mid-sized players also queueing up over the nex...
22 Feb 2017, 3.58 pm | Source: Moneycontrol.com
However, there are no plans to change foreign portfolio investment limit for the banking sector which is presently pegged at 74 percent, sources said.
22 Feb 2017, 3.32 pm | Source: PTI
Consolidation is the trend for businesses with mergers taking place in the telecom industry and now in the banking space too. Speaking to CNBC-TV18, Ashvin Parekh said that consolidation is an interesting way forward.
22 Feb 2017, 2.42 pm | Source: CNBC-TV18
A day after allowing FPIs to buy shares of HDFC Bank, the Reserve Bank of India (RBI) on February 17 restored the cap as the exposure crossed the prescribed 74 percent threshold.
22 Feb 2017, 8.58 am | Source: PTI
It was alleged by a Delhi-based complainant that the bank charged higher interest rate and imposed pre-payment charges.
22 Feb 2017, 8.58 am | Source: PTI
The Finance Ministry has not received any communication with regard to reported merger of Kotak Mahindra Bank and Axis Bank, a senior official said.
21 Feb 2017, 9.10 pm | Source: PTI
"The Capital Planning & Infusion Committee of the bank by way of a resolution passed on February 20, 2017, has finalised the issue opening and the issue closing dates, including the last date of receipt of request for split applic...
21 Feb 2017, 12.02 pm | Source: PTI
Interestingly, the stock started firming up after the announcement and climbed to Rs 1382 over the next half an hour. Brokers attributed this rise to short covering of positions. Most likely, informed traders who had sold just bef...
20 Feb 2017, 9.53 am | Source: Moneycontrol.com
Seven of the top-10 most valued Indian companies together added Rs 48,518.62 crore in market valuation last week, with HDFC Bank emerging as the biggest gainer.
19 Feb 2017, 11.12 am | Source: PTI
Puri, who heads the second largest private sector lender HDFC Bank, concurred, saying, "demonetisation is being demonised for nothing" and listed several positives from the move.
18 Feb 2017, 12.26 pm | Source: PTI
Even though the RBI left the policy rates unchanged at the last policy meet citing upside risks to inflation, borrowers can expect lower rates going forward with second largest private lender HDFC Bank today saying there is more r...
17 Feb 2017, 6.54 pm | Source: PTI
HDFC Bank Managing Director Aditya Puri on Friday criticised mobile wallet players as they operate on models that are not profitable.
17 Feb 2017, 6.05 pm | Source: CNBC-TV18
It can be noted that almost 20 percent of the banking assets are stressed with the NPAs alone topping 13.5 percent as of the September quarter. While more than 70 percent of the system are with the state-run banks, over 90 percent...
17 Feb 2017, 5.58 pm | Source: PTI
HDFC Bank again reached the prescribed foreign investment limit for Indian companies, the Reserve Bank said today, just a day after such inflows had gone below the ceiling.
17 Feb 2017, 2.26 pm | Source: PTI
Describing the 24 PSU banks as "the 70 percent problem" (in reference to the over 70percent market share of these banks), he wondered what was the need for so many state-run lenders, which is the highest in the world after China.
16 Feb 2017, 9.46 pm | Source: PTI
Kotak Mahindra Bank, in a recent intimation to the stock exchange, has informed the investors that the bank has received communication from Reserve Bank of India to bring down its promoters shareholding to 30 percent by June 2017,...
15 Feb 2017, 12.50 pm | Source: Moneycontrol.com
Total income of the bank during October-December 2016-17 stood at Rs 290.22 crore, down from Rs 308.72 crore a year ago, the bank said in a regulatory filing.
14 Feb 2017, 7.00 pm | Source: PTI
Investment cycle in the private sector is negative with capacity utilisation still only around 70 percent. KVS Manian at Kotak Mahindra Bank says utilisation levels will likely cross 80 percent over the next 9-12 months, and trigg...
13 Feb 2017, 4.14 pm | Source: CNBC-TV18
Mid-sized private sector lender Indusind Bank is keen on acquiring new credit card customers following cashless payments thrust, but will not grow the unsecured book over 5 per cent, a senior official has said.
12 Feb 2017, 12.04 pm | Source: PTI
Speaking to CNBC-TV18, Uday Kotak said that the world could see a mega trend which is protectionism and in changing global narrative there will be some slowdown in trade.
10 Feb 2017, 1.59 pm | Source: CNBC-TV18
Hitachi Payments Services today accepted its systems were compromised by a sophisticated malware in mid-2016, that led to one of the biggest cyber security breaches in country with 3.2 million cards affected and a scare over secur...
09 Feb 2017, 5.58 pm | Source: PTI
A Yes Bank official has been arrested in connection with the Rs 3,700 crore online trading scam by a Special Investigating Team of Uttar Pradesh police.
09 Feb 2017, 5.10 pm | Source: PTI
A top fund manager was quoted as saying that the largest consolidation in the banking sector is being explored by the shareholders of the two banks, according to a report in The Times of India.
09 Feb 2017, 8.39 am | Source: Moneycontrol.com
"Total income increased to Rs 953.81 crore for the quarter ended December 31, 2016 from Rs 850.28 crore for the same quarter in the year-ago period," the bank said in a BSE filing.
08 Feb 2017, 4.18 pm | Source: PTI