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PTI
New Delhi, September 25, 2018
The consolidation would enable creation of a bank with business scale comparable to global banks and capable of competing effectively in the country and globally.


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.


Renu Yadav
September 21, 2018
Some of the banking as well as housing finance companies stocks saw severe beating today which dragged the markets down. Among housing finance companies, Dewan Housing Finance (DHFL) stock was the worst performing.


Aseem Thapliyal
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
September 21, 2018
The YES Bank stock tumbled up to 34.03% or 108 points in early trade to 210.10 level. At 9:44 am, the stock was trading17 percent or 54 points lower at 263.65 on the BSE.


PTI
September 20, 2018
The country's largest lender State Bank of India on Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.


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.


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.


PTI
New Delhi, September 18, 2018
These three state-run banks would work on strict timeline and necessary regulatory process is expected to be over by the end of 2018-19, sources said.


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.


Aprajita Sharma
September 18, 2018
Global brokerage Jefferies referred to Bank of Baroda as the base, Vijaya Bank the kicker and Dena Bank as 'bad bank'.


BusinessToday.In
September 18, 2018
Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday. 


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.


BusinessToday.In
September 17, 2018
The merged entity or amalgamated bank would be India's third largest.


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.


Mail Today Bureau
New Delhi, September 14, 2018
The controversy-hit lender has invited bids for the e-auction to be held through the bank's portal on September 20.


BusinessToday.In
September 12, 2018
Defaulting companies in the power sector as well as some sugar, shipping and textile companies that had seemed destined for bankruptcy court under the RBI's new norms on stressed assets got a last-minute breather from the Supreme Court yesterday.


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