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The private sector lender is raising Rs 15,000 crore through the FPO in a bid to strengthening its balance sheet.

PNB Reports $491 Million DHFL Loans As Fraud

Indian banking regulations require the provision on an account affected by fraud to be 100%, made over four quarters.

Yes Bank To Raise Up To Rs 15,000 Crore Through FPO; Offer To Open On 15 July

Earlier this week Yes Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering.

SBI To Invest Rs 17.60 Billion In Yes Bank

In March this year, SBI board had approved an investment of Rs 72.50 billion into the troubled lender Yes Bank.

Karur Vysya Bank, Bajaj Allianz Life Insurance Announce Strategic Partnership

Bajaj Allianz Life through its affordable and new-age life insurance solutions will empower the bank's new and existing customers to avail the living benefits of life insurance.

RBI On Revamping Loan Transfers

Sonam Chandwani

The ultimate outcome of the proposal would finally determine whether it is positive move by our regulator in developing a robust market for the secondary transfers.

Shares Of Bajaj Finance Jump 3.9 % After June Quarter Performance

Banking & Finance Personal Finance

The deposit book stood at Rs 20,000 crore on June 30 compared to Rs 15,084 crore last year with AUM under mortarium reduced from 27 per cent on April 30 to 15.5 per cent on June 30.

Choose ‘Zero-Touch’ Motor Insurance To Ensure Your Safety

Vivek Chaturvedi

Having a paperless insurance process means that there are no hard copies required, especially now when people fear all surfaces.

Moody's Says Commerzbank Resignations Are 'Credit Negative'

Commerzbank's new leaders will likely update the lender's business targets that would mean "even more severe adjustments to its business model and franchise

Reshaping Customer Experience Via Technology

Deepak Sharma.

The banking and financial services sector is at the forefront of combining technology with touch to build new business models and provide superior customer experience

Edelweiss Financial Services Clocks FY20 Loss At Rs 2,045 Crore

Total impairment of Rs 2,549 crore was recorded in Q4 FY20 based on revisions in the expected credit loss model and impact of COVID-19

Banking, Financial Stocks Lift Indices Up 1 %, HDFC Bank Gains 3.5 %

ANI

HDFC Bank ticked up by 3.51 per cent to Rs 1,111.65 per share after the bank reported strong loan growth in the first quarter of the current financial year.

Messy Play Or Clean Up Act?

Shivanand Pandit