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Finance
GIC hikes stake in CPPIB-backed Kotak Mahindra Bank
Singapore’s sovereign wealth fund GIC has increased its shareholding in Kotak Mahindra Bank Ltd while Scottish investment firm Edinburgh Dragon ......
Finance
IndusInd Bank calls off acquisition of IL&FS' securities services arm
Private-sector lender IndusInd Bank Ltd has terminated its agreement to acquire IL&FS Securities Services Ltd (ISSL) from debt-laden parent Infrastructure ......
Finance
PNB says it can recover from India's largest-ever loan fraud as shares slide
Punjab National Bank, India’s second-largest state-run lender, said on Thursday it has the capability and capacity to recover after uncovering ......
Finance
ICICI Bank's stock brokerage unit gets SEBI nod for IPO
ICICI Bank Ltd, the country’s largest private sector bank by assets, has received approval from the markets regulator to list ......
Finance
ICICI Bank to float IPO of stock brokerage unit
ICICI Bank Ltd, the country’s largest private-sector bank by assets, said on Tuesday its board has approved taking unit ICICI ......
General
RBI plans to cut online charges to boost digital banking
The Reserve Bank of India is working on a plan to reduce online transaction costs as it tries to encourage ......
General
How big is Indian banks' bad loans problem?
On 10 October Reuters reported that bad debt on the books of India’s banks had swelled to Rs 9.22 trillion ......
General
Yes Bank names Amit Sanan head of mid-corporate banking
Yes Bank has named Amit Sanan as group president and country head for mid-corporate banking, it said in a statement.Sanan ......
General
RBI's final guidelines exclude large industrial groups from on-tap banking licence
The Reserve Bank of India (RBI) on Monday issued new guidelines for issuing ‘on tap’ banking licence, even as it ......
General
Why state-run banks must make room for an alternative banking system
Thanks to the Reserve Bank of India (RBI) governor’s intervention last year, the Indian banking system’s woes are, finally, understood ......
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