Tata Sons arm Panatone Finvest picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction
In the year-ago period, it had reported a net profit of Rs 141 crore
Business Standard brings you the top headlines on Monday
RBL Bank currently issues credit cards only on Mastercard payment network and has approximately 3 million credit card customers.
The bank is expecting to start issuing credit cards on the Visa payment network post the technology integration, which is expected to take 8 to 10 weeks
In India, there were over 900 million debit cards as on May 31, 2021, of which over 400 million were issued by Mastercard
The National Housing Bank has imposed a monetary penalty on HDFC of Rs 4.75 lakh for non-compliance with certain provisions
MGL is on a secular bull run since the formation of its run-away gap and is now comfortably placed above all the major exponential moving averages on the daily time frame
The Reserve Bank of India (RBI) approved the re-appointment of Vishwavir Ahuja as the Managing Director & CEO of RBL Bank, for a further period of one year, with effect from June 30, 2021
Fitch Ratings has assigned JSW Hydro Energy's proposed US-dollar senior secured notes an expected rating of 'BB+(EXP)' with a stable outlook
Its profit after tax for the reporting quarter stood at Rs 75 crore against Rs 114 crore in the year-ago period
RBL is a small-sized private lender
At 12:51 pm, the Nifty Bank index was down 2.7 per cent at 34,536 points, as compared to 1.6 per cent decline in the Nifty50 index
Affordable housing and tractor loans are the new business segments that the bank is entering
Renewed focus on MFI loans and credit cards should put the bank on growth trajectory after six quarters
In a report dated January 5, CLSA said the bank is re-aligning its product portfolio and is now focusing on key retail-asset niches
Strong growth is expected to counter the likely asset quality issues
RBI decision will clarify its stand on 15-year cap mentioned in discussion paper
With this, the lender's capital adequacy has gone up to to 18.7%
Having capital helps in case a good inorganic opportunity - small or medium sized - comes up, said CEO Ahuja