As corporate India stares at possible job losses, bankers fear a rise in defaults in retail loans, particularly by salaried borrowers who have taken home loans.
"The Bank has filed an application with Foreign Investment Promotion Board for increasing the foreign shareholding limit," said the bank in an announcement to stock exchange.
Creditors say DCHL provided same asset as collateral to many lenders and investors
"MFIs have not been able to recover any loan. They have not been able to recover any money from Andhra Pradesh," said a senior banker.
Kapur’s counsel alleged Rana Kapoor is using `family and professionalism’ as shields to deprive her family the right to be an equal partner.
RBI pulls Dhanlaxmi Bank for rise in bad loans, appoints Manoranjan Dash as director on bank's board
The lender's net non-performing assets had increased to 261 crore at the end March 2013 as against Rs 42 crore at the end of March 2010.
Responding to an email query, a YES Bank spokesperson said, "As the matter is sub judice, we cannot comment on your queries."
65 investment-grade issuers may face negative rating actions, such as a rating downgrade, if rupee remains in this range.
Madhu Kapur has challenged the nomination rights of Rana Kapoor, arguing that he holds less than 50% stake in 2 promoter firms associated with him.
Bank Internasional Indonesia or BII launched its banking operations in the country. It set up a branch in Mumbai on Wednesday.
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