Page 651 - Finance News

Rana Kapoor sells entire Yes Bank stake; holds shares worth Rs 57,600

The bank's stock has fallen 65% to Rs 64.15 a share, this year to date

RBI discovers more than $450 million in extra bad loans at Yes Bank

Gross non-performing assets assessed by the Reserve Bank of India were $457 million higher than Yes Bank had disclosed as of March 31

NBFC sector moves to get over IL&FS crisis, PE/VC investments up 42%

One of the active investors in the sector is International Finance Corporation, the World Bank's investment arm

PSBs have reported Rs 95,700-crore frauds in first 6 months of FY20: FM

FM Sitharaman says 5,743 incidents in govt banks from April to September this year

State Bank may seek RBI approval for DHFL insolvency proceedings

Banks led by SBI may make a representation to the RBI, stating the current resolution process did not find much success and they would like to opt for resolution under the IBC

Promoter Rana Kapoor sells all but 900 YES Bank shares, worth Rs 60,000

Year to date, the stock of YES Bank has fallen 65 per cent to Rs 64.15 a share

Still in the tunnel: Most global banks yet to regain pre-crisis health

Are mergers and acquisitions around the corner?

RBI found Rs 3,277-cr divergence in NPA provisioning for FY19: YES Bank

After providing for in Q2, incremental gross NPA is Rs 2,018 cr; additional provision required is Rs 632 cr

Cashe may become a digital bank in five years, says CEO Ketan Patel

Patel on how the fintech company plans to build its business, get a small finance bank licence

Curbs on CICs could limit fundraising abilities of big corporate groups

The proposed curbs on core investment companies will make it tough for large corporate groups to funnel capital as they did in the past

Listed commercial banks report Rs 6,675-crore net profit in Sep quarter

Review covers 37 SCBs (18 public sector banks and 19 private sector banks) and the figures are as on November 14

Congress seeks PMO's intervention to resolve PMC bank crisis in Maharashtra

The Economic Offences Wing (EOW) of the Mumbai Police is probing the alleged Rs 4355 crore scam in the bank

PMC case: Depositors can contact RBI admin during emergency, says Bombay HC

The RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities

CSB to announce IPO price band of Rs 193-195, value itself at Rs 3,400 cr

This IPO is mainly to meet the regulatory requirement. RBI had asked the Bank to list on the bourses by September but this was delayed due to procedural issues

Allahabad Bank's merger with Indian Bank gets in-principle govt nod

Indian Bank is the acquiror while Allahabad Bank is the transferor

Rana Kapoor, other promoters pare stake in YES Bank to token 900 shares

Yes Bank closed on Tuesday 2.66 per cent lower, at Rs 64.15 a share, on the BSE.

NPA provisioning divergence: Central Bank's FY19 loss rises to Rs 6,430 cr

The bank had reported Rs 11,333.24 crore net NPAs during the year while the RBI assessed it at Rs 13,898.24 crore

RBI slaps Rs 2.50-crore fine on Bank of Baroda over non-compliance

It is alleged that there was illegal transfer and misuse of funds from government accounts

RBI unions want govt to raise deposit insurance cover to Rs 10 lakh

Last week, Sitharman had also said the government would bring legislation to better regulate multi-state cooperative banks

Fairfax-backed CSB Bank fixes share price at Rs 193-195 for IPO on Nov 22

The bids for the offer can be applied for a minimum of 75 shares and its multiples