IDBI Bank in talks with Avenue Capital to sell stake in asset aggregator Arcil
Avenue will become the largest stakeholder if the sale gets RBI nod.
CG Power imbroglio: Gautam Thapar cites board approvals, rejects fund misuse allegations
CG Power board sacked Thapar after an audit report b...
MCA's 2019 Review: Steps for ease in business, insolvency resolution
In its year-end review, the Ministry of Corporate Affairs (MCA) on Sunda...
Indian banks argue for Vijay Mallya bankruptcy, UK court reserves judgment
A group of Indian public sector banks sought a bankruptcy order against embattled liquor tycoon Vijay Mallya during a High Court hearing in London. Judge Michael Briggs presided over the ongoing hearing in the insolvency division of the court on a bankruptcy petition filed by the banks last year, in relation to lending by Mallya's now-defunct Kingfisher Airlines.
Axis Bank puts up trustee services for sale
The business is said to be valued at about Rs 200-225 crore.
CBI accuses Mumbai jeweller of causing Rs 568 cr loss to banks
The CBI has registered a case against Mumbai-based P&S Jewellery and three of its directors, one of them a former director of All India Gem & Jewellery Domestic Council, for allegedly causing a Rs 568 cr loss to a consortium of eight banks including SBI, Union Bank, BoB, Andhra Bank, Vijaya Bank, Central Bank of India, Canara Bank & Syndicate Bank .
Share market update: Bank shares mixed; RBL Bank dips 2%
The Nifty Bank index was trading 0.03 per cent down at 31308.55 .
Axis Bank evaluating the acquisition route to scale up microfinance business
Axis Bank managing director and chief executive Amitabh Chaudhry said the bank has studied the market but has not found a perfect match yet. "We are evaluating opportunities all the time," he said, adding that the microfinance firms, which are doing well and can be a good fit, are mostly overvalued. "Nothing is on the cards at present."
Govt examining foreign fund flows in infra at strategic locations
A comprehensive review has been undertaken to assess the control over various infrastructures at strategic locations and border areas of the country, according to sources. Many departments and agencies, including the Reserve Bank of India (RBI), have been involved in the exercise.
World economy haunted by risk just got a double shot in the arm
ECB President Lagarde said the euro zone’s slowdown was showing signs of bottoming out.
Share market update: PSU bank shares rise; Canara Bank gains 1%
The Nifty PSU Bank index was trading 0.43 per cent up at 2429.15 .
YES Bank shares rebound after 32% fall in 5 days
There are a number of reports on the private lender doing the rounds on Dalal Street. First, a dated December 10 letter by Citax Holdings is buzzing on social media platforms that say the London-based company has instructed its banks to deposit $500 million in YES Bank account within 10 working days. ETMarkets.com could not verify the origin of the letter.
There is no question of SBI helping out YES Bank: CFO
Any talk about SBI helping out YES Bank is just speculation. There is no truth in any of these talks. Any reluctance on the part of the bankers to lend has more to do with demand. Bankers are becoming more risk conscious, not risk averse. The way things are happening, gradually we are becoming more cautious about understanding the risk.
Stock market update: Private banks edge higher; City Union Bank gains 2%
The Nifty Private Bank index was trading 0.31 per cent up at 17,291.1.
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