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PTI
September 23, 2018
Assuring lending support to non-banking financial companies, SBI Chairman Rajnish Kumar on Sunday said there was no concern on liquidity of such firms, amid ongoing debt crisis in IL&FS Group.


PTI
September 22, 2018
The Reserve Bank of India announced guidelines for co-origination of priority sector loans by banks and NBFCs with a view to enhancing flow of funds to the sector at competitive rates.


BusinessToday.In
September 22, 2018
Four independent directors, namely Renu Challu, Shhubhalakshmi Panse, Uday Ved and SS Kohli, and non-executive director Vibhav Kapoor have also stepped down from the board of IL&FS Financial Services.


BusinessToday.In
September 21, 2018
Four independent directors, namely Renu Challu, Shhubhalakshmi Panse, Uday Ved and SS Kohli, and non-executive director Vibhav Kapoor have also resigned from the board along with Bawa.


BusinessToday.In
September 21, 2018
The strategy which the government has adopted is merging one weak bank with its stronger counterparts.  In this case, the weaker bank is Mumbai-based Dena Bank. The lender came under prompt corrective action of the RBI in May 2017 in view of high Net NPA and negative RoA (return on assets) and now faces restrictions on lending and several other bank operations.


BusinessToday.In
September 21, 2018
However, the indices later recovered on management of these companies allaying concerns over their financial position.


BusinessToday.In
New Delhi, September 20, 2018
Air India is just about managing to stay afloat on the Rs 30,000 crore bailout package extended by the previous UPA regime in 2012 for a decade.


BusinessToday.In
New Delhi, September 20, 2018
Rana Kapoor, who co-founded the bank with Ashok Kapoor in 2004, established the private bank's credentials and led it to rise above expectations. Its shares have seen a 25-fold rise in the past 13 years and have generated compound annual growth return of around 28 per cent.


PTI
September 19, 2018
In FY 2012, the bank had, by allegedly flouting its own lending norms, extended a Rs 3,250 crore loan to the Videocon group, which has since turned dud for the bank.


BusinessToday.In
September 19, 2018
In June this year, Yes Bank shareholders had approved Kapoor's re-appointment as the MD and CEO of the bank, subject to RBI's approval.


PTI
New Delhi, September 19, 2018
The debts incurred by IL&FS in the form of bank loans accounted for around 0.5-0.7 per cent of overall banking system loans as on March 31, 2018.


BusinessToday.In
September 19, 2018
While the Bank of Baroda stock was trading 2.07% higher at 115.80 on the BSE, the Dena Bank stock fell 1.31% to trade at 18.85 level against the previous close of 19.10 level. On Tuesday, the Bank of Baroda stock closed 17.04% or 23 points lower on the NSE. On the BSE, the stock closed 16.03% or 21 points lower at 113 level.


Anand Adhikari
September 18, 2018
The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.


PTI
Mumbai, September 18, 2018
Sebi Chairman Ajay Tyagi said that ICICI Bank has sought to settle the issues related to Chanda Kochhar through consent mechanism.


Sonal Khetarpal
New Delhi, September 18, 2018
Launched by Romeo Ravva, Rrajesh Patil and Bennet D'cunha in 2015, Ezy Mov was started as a wheelchair taxi service for the differently-abled. 


Karan Dhar
September 17, 2018
PM Modi's cash-in-hand dropped by a whopping 67 per cent to Rs 48,944 as of March 31 this year from around Rs 1,50,000 in the previous year.


Anand Adhikari
September 17, 2018
The merger of Dena Bank and Vijaya Bank with Bank of Baroda will create new challenges for the amalgamated bank.


Rana Kapoor
New Delhi, September 17, 2018
The industry is excited about blockchain technology but understands that it will need a lot more p2P consensus to make it feasible.


Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


PTI
September 16, 2018
This would be first charge sheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of Rs 1,600 crore.


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