Banking Investors
Dubai's Emirates NBD eyes majority control in RBL Bank for ₹15,000 cr
Emirates NBD is expected to buy around 26 per cent stake from institutional investors and then make an open offer for an additional 25 per cent, Mint reported
 "Dubai's Emirates NBD eyes majority control in RBL Bank for ₹15,000 cr")
Japan's SMBC completes 20% acquisition in Yes Bank, becomes top stakeholder
In May, SBI and seven private sector banks that had invested in Yes Bank during its reconstruction in March 2020, decided to sell a 20 per cent stake for ₹13,482 crore to SMBC
 "Japan's SMBC completes 20% acquisition in Yes Bank, becomes top stakeholder")
 "Simplify Your Banking: The Magic of Online Account Opening")
Holdcos rally ahead of easing of delisting norms, investors lap up shares
Sebi board meeting on Saturday may introduce a separate framework for delisting norms for holdcos
 "Holdcos rally ahead of easing of delisting norms, investors lap up shares")
Investors on track to pour $1.3 trn into cash funds in 2023, says BofA
BofA said its Bull & Bear indicator of investor sentiment was at 1.4, the lowest since November 2022
 "Investors on track to pour $1.3 trn into cash funds in 2023, says BofA")
Bank of India plans to raise Rs 6,500 crore in FY24 to fund its growth
BoI had raised Rs 1,500 crore capital through additional tier-1 bonds in the third quarter of the previous financial year
 "Bank of India plans to raise Rs 6,500 crore in FY24 to fund its growth")
All entities providing banking service subject to same rules: RBI Dy Guv
Non-bank entities cannot be allowed to undermine the banking system, he says at Business Standard BFSI Insight Summit
 "All entities providing banking service subject to same rules: RBI Dy Guv")
Core activities of a bank should not be outsourced, says RBI's AK Choudhary
"While outsourcing it is very important that adequate safeguards are established to seal the situation as well as the financial stability of the banking system," Choudhary added
 "Core activities of a bank should not be outsourced, says RBI's AK Choudhary")
Canara Bank wins 'Banker's Bank of the Year Award 2022' for India
The winners are judged on their ability to deliver returns, strategy, innovation, technology and product & services in their respective geographies in the last 12 months
 "Canara Bank wins 'Banker's Bank of the Year Award 2022' for India")
Dhanlaxmi appoints 3 new directors in board, paves the way for rights issue
The bank management and shareholders have reached compromise formulae on the issue of appointing the latter's representatives as directors on the bank's board
 "Dhanlaxmi appoints 3 new directors in board, paves the way for rights issue")
From overweight to underweight, how sentiments have changed for banks
Large brokerages are fast losing their conviction on the sector that has multiple challenges
 "From overweight to underweight, how sentiments have changed for banks")
Customer confidence in new-age banking system is increasing: Bain report
A fallout of that is the leakage of business from retail banks to these new age players, which are becoming bigger with each passing year
 "Customer confidence in new-age banking system is increasing: Bain report")
High-leverage entities losing favour amid worries of corporate defaults
Investors looking to shift funds to firms with comfortable debt levels
 "High-leverage entities losing favour amid worries of corporate defaults")
Boosting investor confidence in banking
Regulatory clarity and reducing information asymmetry are key to addressing NPA divergence
 "Boosting investor confidence in banking")
