BUSINESS
Yes Bank shareholders clear Rana Kapoor's reappointment as MD and CEO for 3 years
Even as the approval comes amid high divergences in bad loans reported by Yes Bank, it continues to be a highly rated stock by investors rising over 12 percent in the last one year.
BUSINESS
Kotak Mahindra Bank is in no mood to sell its 15% stake in MCX: Uday Kotak
However, the billionaire banker refused to divulge more details on the reasons behind his decision to hold on to the stake
BUSINESS
Tata Steel favourite in Bhushan Power & Steel race, ahead of NCLAT hearing
The Committee of Creditors has found the Rs 24,500-crore bid from Tata Steel to be more favourable
BUSINESS
RBI, govt must restore confidence of depositors together: ex-RBI governor YV Reddy
Reddy says frauds such as the one at PNB affects the credibility of the RBI, when it comes to keeping the people's trust in the banking system intact
BUSINESS
Will 'bad bank' be good for the banking sector?
A bad bank is an entity or structure that buys non-performing assets (NPAs) or distressed loans from banks and recovers them
BUSINESS
ICICI Bank is a 'good bank', law will take its course, says interim FM on loan controversy
This is the first time the finance minister or any senior official from the ministry has commented on the matter.
BUSINESS
FinMin takes stock of PSBs, sets up committee to consider 'bad bank'
A bad bank is a set up that buys non-performing assets or distressed loans from banks at mostly market price. This helps banks clear its balance sheets by transferring the bad loans.
BUSINESS
Of leadership crunch and low pay: The talent crisis in public sector banks
In all, top slots at 12 such state-owned banks will have to scout for a new appointments in this year as some either retire or will have completed their term
BUSINESS
Households expect prices to rise at a faster rate over next 3 months: RBI survey
Rise in inflation expectations was cited as a key reason behind the monetary policy committee's decision to hike the policy repo rate by 25 basis points to 6.25 percent on Wednesday.
BUSINESS
RBI monetary policy: MPC hikes repo rate by 25 bps to 6.25%, maintains 'neutral' stance
In the six-member MPC, headed by RBI governor Urjit Patel, all six members voted for a rate hike.
BUSINESS
Capital First, IDFC Bank merger gets RBI nod, to be completed in 5 months
Apart from the RBI, the merger process has got approval from Competition Commission of India, National Housing Board, NSE, BSE and SEBI
BUSINESS
New Chairman at ICICI Bank: A token change won't help
The present chairman MK Sharma's term ends on June 30, 2018.
BUSINESS
Changing gears: SBI Life to tie up with 8-10 banks in FY19 to overcome dependence on SBI
The life insurer is in talks with Vijaya Bank and India Post among several others for a bancassurance partnership. On the other hand, SBI says it will continue to work exclusively with SBI Life
BUSINESS
The turnaround man: MK Jain's journey from fixing a struggling bank to becoming a central banker
Jain's efforts culminated in Indian Bank becoming one of the best-performing public sector banks in the country.
BUSINESS
RBI monetary policy: Rate hike or not, MPC set to indicate rise in interest rates from here on
In its April review, the MPC noted that inflation in the first half of the current fiscal would be in the range of 4.7-5.1 percent and moderate to 4.4 percent in the second half, with risks on the upside.
BUSINESS
Banking sector this week: PSB staff strike impacts cash transactions, ICICI Bank chief on “annual leave” & loan rates hiked
ICICI Bank and other banks followed PNB and SBI to raise lending interest rates, thereby making loans costlier for new and old borrowers
BUSINESS
After SBI and PNB, banks hike loan interest rates; EMIs to go up
On Friday, just after country’s largest lender State Bank of India (SBI) hiked its MCLR by 10 bps across all tenures up to three years, HDFC Ltd, ICICI Bank and Kotak Mahindra Bank also reciprocated by hiking by a similar margin. Punjab National Bank had revised its MCLR on Thursday.
BUSINESS
SBI hikes loan rates by 0.10%, other banks to follow suit
On May 28, SBI had hiked interest rates on its retail fixed deposits for short to medium term by up to 25 bps
BUSINESS
SBI, Power Finance Corp working to resolve 11 power projects under SBI Samadhan Scheme
Last week, SBI said banks will soon come out with a plan to resolve Rs 70,000 crore worth of non-performing assets (NPAs) in the power sector
BUSINESS
ICICI Bank-Videocon case: Bank calls for probe against Chanda Kochhar after another complaint
The bank didn't reveal the content and timing of the anonymous whistleblower's complaint
BUSINESS
Fears of cash-less ATMs rise as 10 lakh banking employees go on a strike over wage hike
The IBA could meet the unions on June 12 to restart wage negotiations. Bank unions are demand a 15% percent as opposed to the meagre 2% offered to them.
BUSINESS
A silver lining: Bank of India first public sector lender to break the rising NPA jinx in FY18
The bank made a stellar recovery of bad loans, to the tune of Rs 11,417 crore, in the fourth quarter
BUSINESS
Bank of Baroda starts process to sell stake in its mutual fund biz
BOB Capital Markets has been hired as the investment banker to manage the stake sale
BUSINESS
Binani Cement lenders vote in favour of UltraTech offer
The bid by UltraTech is nearly Rs 1,000 crore higher than the lead competitor Dalmia Bharat's offer.
