An earlier estimation from ED stood at about Rs 5,500 crore
The Enforcement Directorate will produce Kerkar in the Mumbai sessions court on Friday
This deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years, S&P said in a statement
In this podcast, Business Standard's T E Narasimhan explains how does the crisis at Lakshmi Vilas Bank impact customers, will LVB's shareholders get anything, are jobs in LVB at stake and more
A magistrate court granted bail to Roshni Kapoor, an accused in the Yes Bank fraud case linked to DHFL
All that happened in the markets today.
MSCI Inc. will add 12 India stocks to its standard index and remove two as part of the semi-annual review of the world's largest index compiler.
The revision in the ratings factors in the improvement in the credit profile of the bank post the implementation of the reconstruction scheme, the rating agency said
The agency has booked promoters Ajay Ajit Peter Kerkar and Urrshila Kerkar and directors Neelu Singh, Arup Sen, Manisha Amrapurkar, Pesi Patel and Karthik Venkatrman for alleged diversion of loan fund
Lender names EY as advisor, has already made provisions for Rs 24,476 crore, or 76% of its gross NPA
Yes Bank returned to profit in the quarter ended September and Kumar made provisions for potential covid-related losses
Asset quality still an unconvincing weak patch; quality of deposit growth also needs monitoring
All that happened in the markets today
Net interest income (NII) rose 3.4 per cent sequentially to Rs 1,973 crore in Q2 from Rs 1,908 crore in the previous quarter
The city-based lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, Kumar told PTI
Bank's provisions rose 9.3 per cent sequentially in Q2 to Rs 1,187 crore
The private sector lender had posted a net loss of Rs 600 crore in the corresponding quarter of previous fiscal.
All that happened in the markets today
YES Bank introduced festival season offers with discounts on processing fee on loans, low-cost EMIs, gift vouchers, cashbacks as well as various consumer loans at competitive interest rates.
Searches conducted at residences, offices of Wadhawans