Banks general
RBI announces reconstruction of Yes Bank; SBI to pool in 49% equity
09 Mar 2020
As per the scheme of reconstruction, the authorised share capital of Yes bank will stand altered to Rs5,000 crore and the investor bank (SBI) will invest up to 49 per cent shareholding at a price not less than Rs10 for a Rs2 share, ie, at a premium of Rs8 per share
PSU banks announce share swap ratios for mergers
06 Mar 2020
Yes Bank under moratorium; RBI imposes lending curbs
06 Mar 2020
RBI has assured depositors of the bank that it will explore and draw up a scheme in the next few days for the bank’s reconstruction or amalgamation and with the approval of the central government, put the same in place well before the period of moratorium of 30 days ends
Ten public sector banks to merge into 4 from 1 April
05 Mar 2020
The union cabinet on Wednesday approved the amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab National Bank; Syndicate Bank with Canara Bank; Andhra Bank and Corporation Bank with Union Bank of India; and that of Allahabad Bank with Indian Bank
Ten public sector banks to merge into 4 from 1 April
05 Mar 2020
The union cabinet on Wednesday approved the amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab National Bank; Syndicate Bank with Canara Bank; Andhra Bank and Corporation Bank with Union Bank of India; and that of Allahabad Bank with Indian Bank
Bank credit growth slows to 8.5% in January 2020
02 Mar 2020
IDBI Bank Q3 loss widens to Rs 5,763 crore
12 Feb 2020
RBI keeps repo rate unchanged at 5.15% as inflation spikes
06 Feb 2020
The Monetary Policy Committee expects consumer price inflation that has peaked to 7.4 per cent in December 2019, to tame itself as onion prices plummet
HDFC Bank Q3 net profit rises 33% to Rs7,416 cr
20 Jan 2020
PMC Bank scam: HDIL directors stashed money in wives’ names
31 Dec 2019
Wives of HDIL directors, Sarang Wadhwan and his father Rakesh Wadhawan, owned huge properties but are unaware of the source of funds for the purchases, even as Sarang’s wife Anu Wadhawan received Rs70 lakh from an HDIL group company as a retainer, according to statements made to the Enforcement Directorate
Bank’s bad loans may rise, credit growth to remain subdued: RBI
30 Dec 2019
NPAs in the banking system may rise due to a change in macroeconomic scenario, marginal increase in slippages and the denominator effect of declining credit growth, even as the financial system remained stable, says RBI
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