Shriram Capital halts three-way merger after RBI request
The unlisted Shriram Capital, which counts billionaire Ajay Piramal and private equity firm TPG Capital as investors, was planning to combine with its publicly traded units Shriram Transport Finance Co. and Shriram City Union Finance Ltd.
State Bank chairman says YES Bank ‘will not be allowed to fail’
Kumar said it won’t be good for India’s economy as a whole if Yes Bank were t...
Share market update: Bank shares up; Axis Bank rises 3%
The Nifty Bank index was trading 0.53 per cent up at 30863.55 .
Stock market update: Private banks advance; Axis Bank gains 3%
The Nifty Private Bank index was trading 0.71 per cent up at 17,052.7.
Buzzing stocks: Vodafone Idea, YES Bank, Axis Bank, L&T
Axis Bank (Rs 422.43 crore) was leading the pack of most active stocks in value terms.
Stocks in the news: Axis Bank, L&T, YES Bank, Adani Gas, RBL Bank, Cipla, ITI and Asian Paints
Cipla said it has received observations from the USFDA for its Goa manufacturing facility.
LOC facility of Exim Bank sees rapid growth
The LOCs enable buyers in developing countries to import developmental and infrastructure projects, equipment, goods and services from India, on deferred credit terms. `` Over the last ten years LOC portfolio has grown exponentially,’’ said A Ajay Kumar, joint secretary (DPA-1), ministry of external affairs.
Banned cryptocurrency to uphold integrity of banking system: RBI
The central bank, through senior advocate Shyam Divan, argued that though there was no formal ban on cryptocurrencies under any law in existence in India, it had consistently been warning all those dealing with virtual currencies of the risks inherent in them.
Share market update: PSU bank shares gain; Canara Bank rises 1%
The Nifty PSU Bank index was trading 0.68 per cent up at 2426.3 .
HDFC to tap Egon Zehnder to identify Aditya Puri's successor
HDFC Bank will retain global executive search firm Egon Zehnder to find a successor to MD Aditya Puri.
Dish TV’s merger talks with Airtel Digital stall
The potential merger of the two satellite television service providers could help Bharti fend off rival and billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. that bought India’s leading cable operators Den Networks Ltd. and Hathway Cable & Datacom Ltd.
CBI registers case against Delhi based firm, Radikal Foods
The FIR says that an alleged loss of Rs. 819.48 crore(approx) as on April 1, 2018 was caused to the banks. The consortium banks consisted of 10 banks namely State Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, Exim Bank, Bank of India, IDBI Bank, Bank of Maharashtra, CSB Bank, Vijaya Bank (now Bank of Baroda) & UCO Bank.
Central banks wake up to digital currency, create new framework with WEF
The framework is to help central banks evaluate, design and potential deploy digital currency.
Bank of England eases liquidity system as Brexit transition deal looms
“Therefore, the PRA no longer considers the bespoke risk appetite to be required.”
YES Bank jumps 7% after SBI chairman says it will not be allowed to fail
“Yes Bank is a significant player in the market with an almost $40 billion balance sheet. I have a feeling that it will not be allowed to fail,” Kumar said in Davos.
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