BUSINESS
Why change in banking regulations is important for Yes Bank to find a buyer
Going by news reports, a foreign bank is seen as preferred suitor for Yes Bank. However, the present laws don’t permit a foreign bank to take controlling stake in an Indian bank.
BUSINESS
MFs expected to do the heavy lifting in upcoming QIPs of public sector banks
With Rs 28,000 crore of secondary market share sale lined up by five public sector banks, sources say domestic mutual fund houses may be the key participants in the capital raise plans
BUSINESS
M&M, JSW in talks with Skoda Auto for potential partnership
One of the two Indian conglomerates may acquire a 15-20% stake in Skoda Auto Volkswagen’s Indian operations. The partnership is expected to boost Skoda’s distribution network and production capabilities in India
BUSINESS
HDFC Bank in talks with credit funds to sell 20% of HDB Financial
Five funds are in talks to each acquire a 4-7 percent stake. The discussions are in the preliminary stages, and valuation is a crucial factor for their success
BUSINESS
MC Exclusive | Fintech Convergence Council may get licence to be self-regulatory organisation
Fintech Association for Consumer Empowerment (FACE) which is represented by a more heterogeneous set of players to apply for the SRO – Fintech licence and seen as favourable contender
BUSINESS
RBI asks microfinance lenders to go slow in Bihar, UP
Bihar and UP account for 25.3% of total MFI loans, and visible signs of overheating have emerged in the two states
BUSINESS
Chandra Shekhar Ghosh may step down from Bandhan Bank board
When CS Ghosh steps down as MD & CEO of Bandhan Bank on July 9, he would give up his board position at the bank also
BUSINESS
Bandhan Bank appoints Ratan Kumar Kesh as interim MD & CEO with effect from July 10
With the initial search for the top job not yielding the desired results, the bank decided to appoint an interim MD & CEO.
