Five out of six debutants in the top 100 rankings are from the financial services sector.

Last month, the Reserve Bank of India (RBI) restrained the lender from opening new branches and also freezed remuneration of its CEO Shekhar Ghosh for not meeting the licensing conditions.

The cleanup of the financial system was actually initiated by the previous governor, Raghuram Rajan, when he started the Asset Quality Review (AQR) of banks in July 2015, which forced banks to stop ever greening loans and owe up to their bad loans.

Gita Gopinath appointed as IMF Chief Economist; Arun Jaitley blames aggressive lending by PSBs under UPA for rise in bad loans; govt names a new board for IL&FS Financial Services; and Ola, Uber surge pricing to be capped. Watch more in this episode of Business Wrap.

Gita Gopinath appointed as IMF Chief EconomistGita Gopinath has been appointed as IMF Chief Economist by International Monetary Fund (IMF) Managing Director Christine Lagarde. Gopinath will succeed Maury Obstfeld, who announced in July that he would retire at the end of 2018. Gopinath currently serves as the John Zwaanstra Professor of International Studies and Economics at Harvard University. Gopinath has earlier served as Financial Advisor to Kerala Chief Minister Pinarayi Vij...

The Bandhan Bank stock succumbed to selling pressure on the RBI directive and was locked in the lower circuit limit of 20% to 451.20.

RBI today stopped Bandhan Bank from opening new branches as it was not able to bring down the shareholding of Non Operative Financial Holding Company (NOFHC) to 40 per cent as required under RBI's licensing condition.

The NBFCs borrowings through debentures and commercial papers (CPs) have been on the rise in the last 5 years.

India stands out on the global stage for fund raising through IPOs. The future looks promising too.

As many as 23 banks, public and private alike, may face penalties with retrospective effect if they are unable to ensure eight Aadhaar enrolments or updations per branch per day from November

These firms' market value has taken a hit due to lack of interest from retail investors, qualified institutional investors, and anchor investors keeping participation in the issue to the minimum. 

During January-June this year, 18 companies have collectively raised Rs 23,670 crore through their respective IPOs, which is higher than Rs 12,000 crore garnered by 13 issuers in the first six months of 2017, according to an analysis of data available with the stock exchanges.

Indian stock exchanges accounted for 5 per cent of global proceeds in the January-June period.