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Banks - Private Sector News

  • Varun Beverages raises Rs 300 cr via debentures

    Varun Beverages raises Rs 300 cr via debentures  

    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

  • After IndusInd Bank, RBL enters race for merger with Bharat Fin

    After IndusInd Bank, RBL enters race for merger with Bharat Fin   

    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

  • OGPC seeks shareholders` nod to convert debt into equity

    OGPC seeks shareholders' nod to convert debt into equity  

    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

  • Counter bids for Axis Bank likely; board holds key: Jefferies

    Counter bids for Axis Bank likely; board holds key: Jefferies  

    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

  • We haven`t been approached by anyone: Axis Bank`s Shikha Sharma

    We haven't been approached by anyone: Axis Bank's Shikha Sharma  

    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

  • HDFC Bank trades settled smoothly, foreign holding cap intact

    HDFC Bank trades settled smoothly, foreign holding cap intact  

    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

  • COMMENT: Axis Bank suitor list grows, but Kotak unlikely to overpay

    COMMENT: Axis Bank suitor list grows, but Kotak unlikely to overpay  

    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

  • HDFC Bank FPI trade: RBI, Sebi to tighten norms on trigger point

    HDFC Bank FPI trade: RBI, Sebi to tighten norms on trigger point  

    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

  • Axis Bank`s NPA woes may stall merger plans with Kotak: Analyst

    Axis Bank's NPA woes may stall merger plans with Kotak: Analyst   

    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

  • HDFC Bank FPI trades: Sebi, RBI mull safeguards

    HDFC Bank FPI trades: Sebi, RBI mull safeguards   

    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

  • Competition Comm rejects complaint against Dhanlaxmi Bank

    Competition Comm rejects complaint against Dhanlaxmi Bank  

    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

  • No communication on Axis-Kotak merger: Finmin sources

    No communication on Axis-Kotak merger: Finmin sources  

    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

  • South Indian Bank`s rights issue opens on February 28

    South Indian Bank's rights issue opens on February 28  

    "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

  • Smart traders sniffed out RBI alert on HDFC Bank; made a killing

    Smart traders sniffed out RBI alert on HDFC Bank; made a killing  

    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

  • Top seven cos add Rs 48,519 cr in m-cap

    Top seven cos add Rs 48,519 cr in m-cap  

    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

  • Demonetisation unnecessarily demonised: Aditya Puri

    Demonetisation unnecessarily demonised: Aditya Puri  

    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

  • There is more room for lending rate cuts: HDFC Bank CEO Puri

    There is more room for lending rate cuts: HDFC Bank CEO Puri  

    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

  • Mobile wallet cos don`t have profitable models, says Aditya Puri

    Mobile wallet cos don't have profitable models, says Aditya Puri   

    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

  • Aditya Puri says national bad bank is not a bad idea

    Aditya Puri says national bad bank is not a bad idea  

    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

  • Foreign holding in HDFC Bank hits limit again: RBI

    Foreign holding in HDFC Bank hits limit again: RBI  

    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

  • Bad bank is a good idea, says Uday Kotak

    Bad bank is a good idea, says Uday Kotak  

    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

  • COMMENT: Kotak & Axis - good together or better alone?

    COMMENT: Kotak & Axis - good together or better alone?  

    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

  • Dhanlaxmi Bank Oct-Dec net loss narrows to Rs 8 cr

    Dhanlaxmi Bank Oct-Dec net loss narrows to Rs 8 cr  

    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

  • Kotak Conference: Pvt investment may turn positive in 9-12 months, says Expert

    Kotak Conference: Pvt investment may turn positive in 9-12 months, says Expert   

    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

  • Indusind Bank not to grow unsecured book beyond 5%

    Indusind Bank not to grow unsecured book beyond 5%  

    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

  • World could see a protectionism mega trend: Uday Kotak

    World could see a protectionism mega trend: Uday Kotak   

    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 owns-up: Systems compromised in 2016 leading to scare

    Hitachi owns-up: Systems compromised in 2016 leading to scare  

    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

  • Online trading scam: Yes Bank official arrested

    Online trading scam: Yes Bank official arrested  

    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

  • Kotak-Axis merger in the works? Both banks say no

    Kotak-Axis merger in the works? Both banks say no  

    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

  • City Union Bank Q3 net profit up 12% at Rs 127 cr

    City Union Bank Q3 net profit up 12% at Rs 127 cr  

    "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

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