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Latest Articles in Banking Finance

State-owned Bank Officers' Union Calls Strike Over Wages, Mergers

The 21 state lenders hold two-thirds of India's banking assets and account for the bulk of the record $150 billion of soured loans in the banking sector last year

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Delhi HC Dismisses Appeal Against LIC Move To Acquire 51% Stake In IDBI

LIC to pay back its policy holders since it will have to invest an amount of Rs 13,000 crores to acquire the 51 per cent stake

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StanChart To Take $160 Million Charge From Private Equity Sale

The bank said it expected to take a restructuring charge of about $160 million from the sale, but did not disclose the terms of the deal

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High Court Refuses To Lift Deadline For Kotak Mahindra Stake Dilution: TV

RBI order mandated Uday Kotak to lower his holding in the bank to 20 per cent by the end of the year

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India's Yes Bank Says On Track To Find CEO Within RBI Deadline

Yes Bank shares, which rose as much as 3.5 percent earlier in the session, reversed course to close 6.4 percent lower

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Yes Bank Says On Track To Find CEO Within RBI Deadline

The final recommendation for the CEO post will be submitted to the Reserve Bank of India (RBI) after the next board meeting on Jan. 9, 2019, the bank said in a statement

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Bandhan Bank To Open 40 New Branches By December

The bank had received prior approval from the RBI for opening the new branches

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Shaktikanta Das Appointed New RBI Governor

The appointment however raises questions whether the RBI will manage to exercise independence it’s expected to

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The Equity Market Stays Positive And Is Expected To Do Better In 2019

Kotak Mutual Fund stays positive with respect to the equity market in India for the year 2018 and expect a better outcome in 2019

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Kotak Mahindra Bank Jumps On Report Of Berkshire Investment

Berkshire Hathaway may invest in the lender by buying promoter stake or through a preferential allotment

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RBI May Cut Rates By 0.25% In Feb Or April Policy Review: BofAML

Central bank maintained status quo on all key policy rates in the fifth bi-monthly monetary policy review

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ADB Enters An Arrangement With World Bank For Co-financed Projects

In 2017, ADB operations totalled $32.2 billion, including $11.9 billion in co-financing

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Urjit Patel Parries All Questions About Spat With Govt

Section 7 of the RBI Act which empowers govt to direct the central bank to undertake certain policy measures in public interest

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RBI Retains GDP Projection For Current Fiscal At 7.4%

India's economic growth fell to 7.1% in the second quarter of the current fiscal, from 8.2 per cent

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YES Asset Management Receives Approval To Launch Two Mutual Fund Schemes

The approval is subsequent to the Reserve Bank of India’s (RBI) approval granted to YES BANK to sponsor a Mutual Fund followed by SEBI’s in-principle approval received subsequently

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