Page 757 - Finance News

LIC makes open offer of Rs 126 bn to acquire 26% stake in IDBI Bank

LIC made a public announcement for the open offer to shareholders, including retailers, as per the Sebi's regulations with regard to substantial acquisition and takeover of shares in a company

ICICI Bank's Chanda Kochhar quits, Sandeep Bakhshi appointed as new CEO

Kochhar has been on long leave to facilitate the independent investigation, which is being conducted by former Supreme Court judge B N Srikrishna

Ahead of monetary policy, RBI steps in with heavy dollar intervention

The rise in yields and the rupee would pose a huge challenge for the six-member monetary policy committee scheduled to announce its rates on Friday

IL&FS crisis: Here's what India should have learnt from Walter Bagehot

India's shadow banks need to securitize more of their loans

From bad loans to asset quality, how ICICI Bank fared under Chanda Kochhar

Much of this can also be attributed to the troubles dogging the banking sector

Chanda Kochhar: The fall of a feisty woman who broke the glass ceiling

She championed many social causes but it was her inspiring rise to the top that was most admired

IDBI Bank approves issuance of preferential equity shares in favour of LIC

The bank's board Thursday also approved allotment of 339.8 million equity shares to LIC at a price of Rs 61.73 per share

Chanda Kochhar quits ICICI Bank: Here's a look at key points of her career

Kochhar made her reputation of a decisive leader and her style included a punishing work schedule

ICICI Bank accepts Chanda Kochhar's request for an early retirement

Sandeep Bakhshi to succeed as MD & CEO of the bank

Chanda Kochhar quits ICICI Bank, Sandeep Bakhshi appointed as CEO & MD

Sandeep Bakhshi's appointment will be for a period of five years until October 3, 2023

IDBI Bank allots 339.9 mn preferential shares to LIC at Rs 61.73 apiece

The preferential issue to LIC will raise up to Rs 20.98 billion for the bank

Surprised by govt's takeover of IL&FS? Here's the story behind the move

In a secret memo, the finance ministry said it was concerned that just Rs 28 billion of IL&FS securities owned by mutual funds could set off a chain reaction of redemptions by investors

11 public sector banks under PCA aided in liquidity scare in September

By relaxing LCR by 2 percentage points, the RBI freed up Rs 2 trn worth of liquidity in the banking system

Micro-housing finance boom hits roadblock due to liquidity crisis

In the past two to three years, close to 15-20 firms are focusing on lending to the informal sector.

State Bank of Mauritius' India operations hit by cyber fraud on October 2

An internal inquiry has been initiated and the matter reported to the relevant authorities for investigation.

IL&FS' new board to hold maiden meet on Thursday, formulate turnaround plan

One of the focus areas for the board will be to find ways to raise cash by selling assets

PE investments zoom in Jul-Sep, making 2018 the best year yet for India

At $9.2 billion, Q3 investments 60% higher than the year-ago period; $23.7 bn inflows in the first nine months of 2018 the highest for any calendar year yet

RBI clears setting up of 'Kerala Bank'; state expects Rs 650 bn in deposits

New bank expected to help agriculture, traditional works and self-employment sectors

RBI eases overseas borrowing norms for state-run oil companies

The move comes in light of the rupee's drop to a record low on Wednesday triggered by a sharp rise in global crude oil prices

Monetary policy: RBI rate-setting panel begins meet as rupee hits new low

The rupee weakened further to 73.25 against the US dollar while brent crude was trading near $85 per barrel