Latest Articles in Banking Finance
Indiabulls Hits Over Five-Year Low, Rattled By Merger Concerns And Probe
This comes as the company stares at a potential fall-through in its merger with Lakshmi Vilas Bank, analysts said.
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Credit Suisse Clears CEO In Spying Probe, COO Bouee To Go
Chief Operating Officer Pierre-Olivier Bouee resigned after the investigation by the Homburger law firm found he alone initiated observation of Khan, who abruptly left in July and later joined arch-rival UBS.
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Sebi Relaxes Buyback Rules For Cos With Housing Finance, NBFC Arms
The repurchase of shares by listed companies is governed by the Buyback Regulations of Sebi as well as the Companies Act.
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Current Slowdown An Opportunity To Grow Our Books: Aditya Puri
HDFC Bank regularly has dealings with cooperative banks but did not have any dealing with PMC Bank.
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PMC Bank Crisis 'Eye Opener', RBI Looking Into Lapses: Thakur
PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.
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Over Two-thirds Of PMC’s Loan Exposure Is In HDIL Group
PMC gave a fresh Rs 96-crore loan to HDIL in August to help the company pay off Bank of India and avoid NCLT proceedings.
Read MoreLakshmi Vilas Bank Drops 5% To Hit Lower Circuit
The bank's scrip declined 4.92 per cent to trade at Rs 34.75 apiece in afternoon deals on the BSE.
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Insurance Claims At Speed Of Technology
Some technologies that are making waves in the insurance claims process are discussed below.
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A Millennials Handbook On Living It Up Today While Saving For Tomorrow
Knowing the prevailing economic conditions while keeping certain financial tips in mind will help you contribute towards wealth accumulation for the future, without giving up your leisure and lifestyle.
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Lakshmi Vilas Bank Slumps As Directors Face Fraud Charges
Earlier this year, Lakshmi Vilas said it will merge operations with housing finance firm Indiabulls Housing Finance (IBHF) in a share-swap deal.
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Why You Shouldn’t Buy The iPhone 11
Think about this the next time you line up for the launch of the next iPhone. Perhaps, it’s time to jump off the wagon altogether - and join the less exciting but cannier lot of those who opt for less expensive phones.
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ICICI Bank M-Cap Inches Close To Rs 3 Lakh Cr Mark; Shares Jump 4 Per Cent
ICICI Bank stock rose 4.05 per cent to close at Rs 452.05 on the BSE. During the day, it advanced 5.52 per cent to Rs 458.45, its 52-week high.
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Muthoot Finance To Raise Rs 1000 Crore Through NCD
George Alexander Muthoot, Managing Director, Muthoot Finance, said, “The issue will help the company to have long term funds and diversify borrowing basket as well."
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Rana Kapoor To Sell Yes Bank Stake To Brookfield
The move to exit Yes Bank comes from the Kapoor family’s decision to protect other unlisted entities such as the Awfis Solutions, Art Housing Finance and Delhi Dabang Kabaddi Club.
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MFs Told To Use Waterfall Approach To Valuation
Under this approach, all traded securities would be valued on the basis of traded yields, subject to identification of outlier trades by the valuation agencies.
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