The non-bank financing giant Dewan Housing Finance Corp Ltd (DHFL) will go into insolvency proceedings, the central bank said on Wednesday, making it the first financial institution to test the new laws

IDBI Bank share traded 3.20% higher at Rs 33.85  at 10:00 am. 1.04 lakh shares of the bank exchanged hands amounting to turnover of Rs 36.51 lakh. Its market cap rose to Rs 26,187 crore on BSE.

YES Bank share price fell 3.93% intra day to Rs 66.05 against previous close of Rs 68.75 on BSE

YES Bank share price rose up to 8.77 per cent to Rs 71.9 on reports Jhunjhunwala purchased 1,29,50,000 shares amounting to 0.5 per cent stake in the lender

YES Bank Q2 results: The bank's net interest income (NII), or the core income a bank earns by giving loans, declined 9.6 per cent to Rs 2,186 crore in Q2FY20 from Rs 2,418 crore in Q2FY19

The value of debt downgraded during the first half of FY20 more than trebled to Rs 1.38 lakh crore from Rs 39,000 crore in the first half of fiscal 2019

For banks, non-performing assets are expected to continue to decline from the 9.3 per cent estimated at the end of fiscal 2019, because of fewer fresh slippages and faster recoveries after the recent changes to the Insolvency and Bankruptcy Code

India is likely to miss its fiscal deficit target for the current financial year, despite receiving an additional dividend from the the Reserve Bank of India (RBI), five government officials and advisers said, as tax collections have sunk amid a sharp slowdown.

As per the report, the banks' gross NPAs are expected to decline by 350 basis points (bps) to around 8% by March 2020, compared with the peak of 11.5% in March 2018 and 9.3% in March 2019

In a recently released report, S&P Global Ratings claimed that the asset quality and growth of India's banks are likely to remain under stress due to the fragility in financial markets, rising risk aversion, and weakness in some highly leveraged corporate sectors

The bank said it will create such number of equity shares and/or debt instruments on a private placement/public issue for investors for an amount not exceeding Rs 5,000 crore in one or more tranches

The onus is on Modi 2.0 is thus to put the wheels into motion again so that the economy rides back on the growth path sooner.

The Sebi probe had begun soon after the crisis came to light at IL&FS group last year, following huge defaults by various entities which together had a debt burden of over Rs 90,000 crore

Kingfisher boss Vijay Mallya also features in the list. He owes Rs 597.4 crore to the bank on the defunct airline's account.

As per the report, a part of a loan disbursed to SIVA Group was used by the borrower to pay IFIN for the liabilities arising out of a debt syndication fee

Looking forward, the bank is well-positioned on the back of strong business growth, capital and liquidity, and the ability to charge spreads to be in leadership positions, SBI said in its annual report 2018-19