New money that Kotak has raised kills many birds with one stone; first, equity dilution helps him reduce stake to meet regulatory requirement of 26 per cent by August; second, additional capital strengthens private bank's balance sheet at a time when there's fear of unknown
Stock Market LIVE Updates: Companies set to announce their earnings are State Bank of India, L&T, Jyothi Labs, Exide Industries, Saregama, Alkem Laboratories, Greaves Cotton, Gujarat Gas among others.
The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's
Stock Market LIVE Updates: Companies set to announce their earnings are Aurobindo Pharma, DCM Shriram, BPCL, Cholamandalam Investment, MAS Financial Services, Duncan Engineering, DISA, Shriram Asset Management among others
Moody's has downgraded the long-term local and foreign currency deposit ratings of State Bank of India and HDFC Bank to Baa3 from Baa2, and the long-term issuer rating of EXIM India to Baa3 from Baa2
Madhu Kapur holds 14 crore or 1.12 per cent shares while another investor Mags Finvest holds 3.72 crore or 0.3 per cent shares in Yes Bank; the announcement by Madhu Kapur group ends years-long controversial battle for greater control over the bank