The Bombay High Court on Monday declined Kotak Mahindra Bank’s plea for a stay on the Reserve Bank of India (RBI)’s December 31 deadline to reduce its promoter stake holding.
This, in effect, would mean that the private sector lender has a little more than 10 days to lower its...
Former ICICI Bank CEO Chanda Kochhar has been indicted by the Justice BN Srikrishna panel for violating the bank’s code of conduct. Following this,
the bank has decided to consider her resignation submitted on October 4, 2018 as a ‘termination’ and recover the bonuses paid to her since April 2009,
which...
India will likely need to pump in additional capital into any state-owned banks it puts on the block to make them attractive for potential buyers, and faces challenges that range from the need to amend the nation's banking laws to hostile employee unions, analysts say.
Finance Minister Nirmala Sitharaman said...
Swati Bhat, Nupur Anand 4 MIN READ
MONEY NEWSJULY 14, 2019 / 7:32 PM /
DHFL reported a net loss of 22.23 billion rupees ($324.3 million) for the quarter ended March 31, in a regulatory filing late on Saturday. It also said it had defaulted on the interest payments...
Sitharaman's decision to merge 10 banks into four may be riddled with leadership and decision-making challenges
BY SALIL PANCHAL, Forbes India Staff 3 min read PUBLISHED: Sep 10, 2019 11:04:29 AM IST UPDATED: Sep 10, 2019 11:12:56 AM IST
Finance minister Nirmala Sitharaman’s mega bank-merger plan, if successful, will see 10 government-owned banks being...
Chloe Cornish
AUNINDYO CHAKRAVARTY 20H 14M AGO OPINION5 min read 4.7k ENGAGEMENT
By the time Narenda Modi became Prime Minister of India, it was common knowledge that he was inheriting an economy riddled with bad-loans – loans that banks had given but were unlikely to be repaid. A wide range of numbers were...
Shares of Zomato, Paytm parent One 97 Communications Ltd and Nykaa owner FSN E-Commerce Venture have fallen to their lowest levels since listing.
MarketEdited by Prashun TalukdarUpdated: January 24, 2022 1:30 pm IST
New Delhi: Shares of Zomato, Paytm parent One 97 Communications Ltd and Nykaa owner FSN E-Commerce Venture have fallen...
