Private Sector Lender

Yes Bank will not be allowed to fail: SBI Chairman

The SBI chief added that he was sure some solutions would emerge

HDFC Bank to raise Rs 50,000 cr in next 12 months

The Bank proposes to raise funds by issuing perpetual debt instruments (part of additional tier I capital), tier II capital bonds and senior long term infrastructure bonds up to a total amount of Rs 50,000 crore, the bank said in a regulatory filing.

Yes Bank's IBU at Gift City crosses $1 bn business

Mid-sized private sector lender Yes Bank today said its the balance sheet of its international banking unit (IBU) in the GIFT City has crossed the USD 1 billion mark in the past financial year.

ICICI Bank hits overseas debt market with $500 mn issue

"The benchmarket issue will be sold through the Dubai International Fianance Centre branch of the bank, and the lead-managers have given a price guidance of 1.55 percent over the US treasury," merchant bankers told PTI here today.

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.

IDFC Bank, IndiaLends tie-up for loan services to 1st timers

IDFC Bank said it is a differentiated personal loan solution which will offer instant loans approvals through a completely digitised process to first time borrowers.

Axis Bank sells 10% stake in Experian India for Rs 64 cr

Private sector lender Axis Bank today said it will divest 10 percent stake stake in credit information company Experian India for Rs 64 crore.

Karur Vysya Bank Q3 net down 24% at Rs 115.76 cr

The bank had reported a net profit of Rs 152.83 crore in the same quarter of the previous fiscal.

Yes Bank launches customisable savings account

Mid-sized private sector lender Yes Bank today claimed to have launched the industry's first customisable savings account which will protect customers from "unwanted charges" levied in current offerings.

Axis Bank cuts MCLR by up to 70 bps

Country's third biggest private sector lender Axis Bank today cut its interest offering by up to 0.70 percent, following similar moves by all the major players in the system due to high liquidity post demonetisation.

Icra launches new product for infra sector

The new framework will be a comment on the expected loss (EL) of a project entity, which would factor in the probability of default (PD) and the recovery prospects, it said in a statement.

RBL Bank's long-pending IPO proposal gets Sebi clearance

The bank, which had filed draft papers with Sebi in June last year, seeking approval to float IPO, received clearance from the regulator on July 27, according to the latest update.

Kotak Mahindra Bank to raise Rs 5,000 cr via bonds

"The board of directors of the company at its meeting held on July 21 has approved the business for seeking consent of the shareholders... for issuance of unsecured, redeemable, non-convertible debentures/bonds up to Rs 5,000 crore," the bank said in a filing.

IDFC Bank snaps up TN-based MFI Grama Vidiyal

Acquisition for an undisclosed sum, offers the bank access to 1.2 million households apart from adding 319 points of presence in seven states -- Tamil Nadu, Kerala, Karnataka, Puducherry, Maharashtra, Gujarat and Madhya Pradesh.

Yes Bank subscribes 8% stake in RXIL

"Yes Bank has executed a share subscription and shareholders' agreement agreeing to subscribe for 20,00,000 equity shares of RXIL," Yes Bank said in a BSE filing.

Yes Bank gets shareholders' nod to raise Rs 16,700 crore

"The shareholders have approved through special resolution to raise capital aggregating up to USD 1 billion (around Rs 6,700 crore) by issue of shares or convertible securities in one or more tranches in the course of domestic and/or international offerings," Yes Bank said in a filing to BSE.

Axis Bank incorporates subsidiary to operate TReDs

In November last year, the RBI had given in-principle approval to three entities to set up TReDs. The other two entities are -- Mynd Solutions (Gurgaon) and NSE Strategic Investment Corporation and Small Industries Development Bank of India (Mumbai).

Yes Bank seeks shareholders approval for raising Rs 16,500 cr

The bank proposes to seek approval for borrowing or raising funds in Indian or foreign currency by issue of debt securities up to Rs 10,000 crore to eligible investors on private placement basis, it said.

RBL Bank launches branch for startups

The branch will assist entrepreneurs in setting up new companies or enterprises and offers a host of banking products including, foreign exchange services, remittances and cash management, RBL Bank Chairman Narayan Ramachandran said in a statement here.

Future Group to launch mobile wallet, says Biyani

Biyani's announcement comes a day after FreeCharge, a digital platform for recharge and utility payments, had launched 'FreeCharge digital wallet' in partnership with private sector lender Yes Bank.

CLP India raises Rs 600 crore via green bonds

Green bonds enable capital-raising and investment for projects with environmental benefits such as renewable energy, sustainable waste management, biodiversity conservation, clean transportation and sustainable water management.

Rana Kapoor gets fresh 3 year term as Yes Bank chief

"Pursuant to approval of the Board of Directors and the approval of Shareholders at the 11th AGM held on June 6 2015, Yes Bank has received approval from RBI for re-appointment of Rana Kapoor as MD & CEO for a period of three years," the bank said in a statement.