Stock Market News Updates Today: M&M, Axis Bank, L&T, Maruti traded among the top losers on Sensex pack. Meanwhile, ONGC, HDFC, Tech Mahindra traded among the top gainers

Stocks to watch today on February 22: Jet Airways, PNB Housing, Karnataka Bank, Axis Bank, Inox Leisure among others are the top stocks to watch out for in Monday's trading session

IndusInd Bank said that the warrants were converted at a price of Rs 1,709 per share reflecting a premium of 65 per cent over Wednesday's closing price of Rs 1,032.60

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

The new regulations call for a new approach to regulatory framework. The RBI has said that large NBFCs based on balance sheet size or business model (riskier business) would be put in an upper layer which will have a new regulatory supervisory framework

Being prudent, adhering to strong governance practices and focusing on long-term growth are critical

The solution is to deepen India's bond markets to free the NBFCs from excessive dependence on banks, and make the occasional failures (IL&FS, DHFL) less traumatic for the banking system

The stakes are high for billionaire Ajay Piramal, who has bigger financial services ambitions. In the past, Piramal's big strategic moves like Shriram Group stake and merger proposal with IL&FS and IDFC Bank didn't fructify

Justice Prateek Jalan passed the order on a plea by erstwhile directors of the three companies challenging a 2016 circular of the Reserve Bank of India (RBI) regarding declaration of accounts as fraud by banks

Investigation under PMLA reveals there was a well-planned conspiracy to defraud IL&FS and Indian banks by Jaimin Vyas in connivance with officials of IL&FS and one Chinese EPC Contractor SEPCO III

To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25

A 6.4 magnitude earthquake which rocked Croatia Tuesday night has claimed 7 lives so far

Reliance Home Finance, part of Anil Ambani-promoted Reliance Group, recently got bids from six suitors as part of the debt resolution process

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Following the news, shares of IndusInd Bank opened at Rs 913 and later climbed 2.54% to an intraday high of Rs 948 as against the last closing of Rs 924.50

In the past, Piramal's big strategic moves like Shriram Group stake and merger proposal with IL& FS and IDFC Bank didn't reach logical conclusion

Uday Kotak had assumed office as CII chief for 2020-21 in June; Prakash Apte has been appointed as part-time chairman and Dipak Gupta as joint MD for 3 years, with effect from January 1, 2021

National Financial Reporting Authority conducted an Audit Quality Review (AQR) of the statutory audit of IFIN for 2017-18 period. The AQR Report was issued on December 12, 2019

Allowing big industrial houses in the banking sector has its own set of challenges

An internal working group of RBI has recommended that large corporates should be allowed to set up banks. Aditya Puri says if credit, scale and regulations can be ensured, then allowing them is almost a necessity