State Bank of India
Finance
Crisis-hit Yes Bank plunges into $2.5 bn quarterly loss
Troubled Indian lender Yes Bank reported a wider-than-expected quarterly loss of 185.6 billion rupees ($2.5 billion), and said it was ......
Finance
Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in
The Union Cabinet has approved a reconstruction plan for Yes Bank, finance minister Nirmala Sitharaman said on Friday, as the ......
Finance
Yes Bank debacle: How healthy are smaller private-sector banks?
The Reserve Bank of India’s takeover of Yes Bank has heightened concerns about the health of other private-sector lenders, especially ......
General
Grapevine: 4 banks, others to Yes Bank rescue; Walmart India insider to be CEO
State Bank of India or SBI will be joined by private-sector lenders ICICI Bank, HDFC Bank, Axis Bank and Kotak ......
Markets
Nifty, Sensex rebound sharply but suffer worst week since 2009
Nifty and Sensex recovered from a plunge to close about 4% higher on Friday. They staged a recovery amid hopes of ......
Finance
SBI board okays $975 mn investment in moratorium-hit Yes Bank
State Bank of India’s board has approved an investment of Rs 7,250 crore ($975 million) in cash-starved private sector lender ......
General
Grapevine: Deutsche Bank pulls out of DHFL bidding; JM Baxi may raise CPPIB funds
German lender Deutsche Bank has backed out from bidding for embattled Dewan Housing Finance Corp. Ltd, citing clash of interests, ......
Finance
Deal with Yes Bank's bondholders 'in process', says administrator
The administrator of India’s Yes Bank told Reuters a deal was being discussed with some bondholders who have opposed a ......
Markets
Nifty, Sensex close higher as Bank of England rate cut boosts stimulus hopes
Indian shares ended higher on Wednesday, with gains in energy majors offsetting weakness in IT and financial stocks, after a ......
TMT
Top-funded Indian startups' ad & marketing spends more than doubled to $1.35 bn
Backed with venture money, India’s best-funded startups went aggressive in attracting and retaining customers -- so much so that a ......
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