Page 759 - Finance News

Fully geared up for succession plan for post of MD, CEO: YES Bank

The bank said the Search & Selection Committee will evaluate both internal and external candidates

RBI to buy Rs 360 billion worth of govt bonds to ease liquidity conditions

Reserve Bank of India has decided to boost liquidity conditions in the market

SBI lowers ATM cash withdrawal limit to Rs 20,000 ahead of festive season

The restriction comes weeks before the festive season.

CARE Ratings put certain YES Bank debt instruments on credit watch

Credit rating agency CARE had put some of its debt instruments on 'credit watch with developing implications'

IL&FS secures lifeline as shareholders approve fundraising via debt, equity

IL&FS has appointed Alvarez & Marsal to devise a restructuring plan that will be implemented upon approval by the board and stakeholders

After RBI notice, Bandhan Bank lists options to cut promoters' shareholding

On Friday, RBI withdrew the "general" permission given to Bandhan Bank to open branches and froze the remuneration of its MD and CEO for not reducing its promoter's stake

Vijaya Bank board approves merger proposal with Bank of Baroda, Dena Bank

Post-merger, the asset size of the new entity would be over Rs 14.5 trillion

Will never sell my shares in YES Bank, says CEO and MD Rana Kapoor

The bank's current market value stands at Rs 484.6 bn, while that of Kapoor and his family is pegged at Rs 45.2 bn

RBI cracks whip on Bandhan Bank for violating shareholding norms

Bank needs RBI approval to open branches; MD's salary frozen

No major risk involved in NBFC portfolio, says SBI's Sujit Kumar Varma

NBFCs are facing the heat of a crisis at IL&FS, which defaulted on repayment of its commercial paper dues, leading to a contagion effect in the sector

Non-food bank credit up 12.4% in Aug against 5.5% rise a year ago: RBI

Services sector loans expanded by 26.7% in Aug 2018, compared with 5% in Aug last year

Debt-ridden IDBI to consider allotment of 51% shares to LIC on Oct 4

Earlier this month, the LIC board had taken decision on the modalities and timeline for increasing stake in IDBI Bank to 51 per cent

RBI cancels Bandhan Bank's permission for new branches, freezes chief's pay

The action was taken because of the bank's failure to bring down the non-operative financial holding company's shareholding to 40 per cent

YES Bank denies any dealing with company of Rana Kapoor's daughters

These allegations come at a time when Kapoor's tenure has been cut short by the RBI and all eyes are trained on finding his successor

Will never sell shares of YES Bank, even after I demit office: Rana Kapoor

The YES Bank MD & CEO said in a series of tweets that he remained fully committed to the interests of the bank and its stakeholders

IL&FS crisis: Experts want RBI to cancel licences of 1,500 smaller NBFCs

Better capitalised and more conservatively run finance firms are likely to swallow up an increasing number of smaller rivals, the experts said

BoB-Vijaya-Dena Bank merger plan shows govt openness to reforms: Fitch

It said BoB is likely to be the resulting entity post-merger and will become the third-largest Indian bank

How Indian credit rating agencies missed an epic fail at IL&FS Group

Indian credit rating industry has come under scrutiny after the firms that assessed IL&FS, including the local partners of Moody's Investors Service, failed to see the financial troubles brewing

IL&FS jumps by record in dim sum bond mkt on hope of shareholders' support

IL&FS Transportation Networks' dim sum bond rose about 1 point to 49.1 on Friday

RBI may further pare G-sec buybacks, cut borrowings in second half of FY19

Officials from the Finance Ministry and Reserve Bank of India will meet on Friday to decide the borrowing calendar for October-March