Page 644 - Finance News

Yes Bank likely to reject $1.2 bn offer from Canadian tycoon Erwin Braich

At a meeting on Tuesday, the board is expected to reject an offer from Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings to contribute $1.2 billion toward the fund raising

In 8th cut this year, SBI reduces MCLR by 10 bps across all tenors

The one year MCLR has come down to 7.90 per cent per annum from 8.00 per cent per annum with effect from December 10, 2019

What's cooking? Investors line up for a share of the health insurance pie

Four out of the seven standalone health insurers have seen stake buyouts either by PEs or strategic players in recent months

One year of Guv Shaktikanta Das at RBI: Keep calm and do what's needed

RBI and the government had differences on many occasions, but the governor didn't let it play them out in public

Co-op banks may come under banking act, forced conversion not ruled out

In the revised scheme, the inspection of the UCBs solely under the Banking Regulation Act will be done by the central bank

State-owned banks to help small businesses with loans in month-long drive

Banks will also consider requests from MSMEs for restructuring their stressed standard assets

Amalgamated entity of 3 PSBs to retain sovereign status: UBI chief

The merger of the three PSBs is scheduled to come into force from April 1 next year.

Nepal SBI post 13% growth in net profit at Rs 229.25 crore for FY19

The bank mobilised total deposit of Rs 9,72.44 crore and extended loans and advances of Rs 8,864.47 crore at the closing of the year, according to a statement issued by the bank

YES Bank shares tumble 10% after Moody's downgrades foreign currency rating

The scrip settled the day at Rs 56 on the BSE, down 9.82%

30 committees monitoring the Canara-Syndicate Bank merger process

After the merger, the combined entity will also see a higher number of chief general managers

LIC, SBI, Bank of Baroda get until Dec 2020 to bring UTI MF stake below 10%

Sebi to freeze shareholding if extended deadline not met

Irdai may allow merged state-run banks to hold over 10% in insurance firms

Some of the 10 public sector banks that are merging into four are promoters of insurance entities as well

Digital India push: From December 16, you can make NEFT transfers 24x7

NEFT transactions are settled in hourly batches. For weekdays, the batches are from 8 am to 7 pm. On first and third Saturdays, the settlement happens from 8 am to 1 pm

Bank of India to raise up to Rs 10,000 cr through bonds, preference shares

The state-owned lender said the board approved issuance of up to 125 crore fresh equity shares through qualified institutions placement, public issue, rights issue

Bank of America opens Global Business Services Center at GIFT-IFSC

The new centre will allow BoA to raise debt in international currency, even as the foreign bank launched two Indian bond auctions at its platform in GIFT-IFSC

Axis Bank looks for successor as CFO Jairam Sridharan puts in papers

Sridharan joined Axis Bank in June 2010 and was made CFO in October 2015. He was previously with Capital One Financial, a consumer bank based in the US

RBL Bank raises Rs 2,025 cr from Bajaj group, other investors

Bank says it concluded the QIP at an issue price of Rs 351 per share pursuant to the allotment of 57.7 million equity shares

In 3 years, banks gave $745 bn to cos planning new coal power plants: NGOs

The report released by environmental groups on Thursday cites more than 1,000 new coal power stations or units in the pipeline

Canada's CPPIB to invest up to $600 million in Indian infrastructure fund

The deal includes a commitment of $150 million in NIIF's Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the Master Fund

Bombay HC junks PMC Bank depositors' plea for lifting withdrawal cap

On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities