Yes Bank Board To Consider Stock Split Proposal This Month

  New Delhi: Private sector Yes Bank will consider the proposal to divide the equity share of the company in a board meeting to be held later this month. “A meeting of the board of directors of Yes Bank will be held on July 26, 2017 to consider sub-division of equity shares of the bank of the face value of Rs. 10 each,” the bank said More...

by Loknath Das | Published 3 weeks ago
By Loknath Das On Saturday, July 1st, 2017
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Bankers Pull Off Largest Asset Resolution With UltraTech-JP Cement Deal

Mumbai: ICICI Bank today said that a lenders consortium led by it has concluded the biggest asset resolution in the country with consummation of the Rs. 16,189 crore takeover of Jaypee Cements by Ultratech. “This More...

By Loknath Das On Saturday, July 1st, 2017
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RBI To Remain Open On July 1 To Facilitate Transactions

Mumbai: The Reserve Bank will remain open on July 1 for services such as transfer of funds through NEFT and RTGS from 11 AM onwards. RBI follows a July to June accounting year and June 30 being the closing date More...

By Loknath Das On Friday, June 30th, 2017
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SBI Moves Insolvency Proceedings Against Electrosteel

New Delhi: Top lender SBI and other creditors have moved insolvency proceedings against Kolkata-based Electrosteel Steels at the National Company Law Tribunal (NCLT). State Bank of India initiated the corporate More...

By Loknath Das On Thursday, June 29th, 2017
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Bankers Pull Off Largest Asset Resolution With UltraTech-JP Cement Deal

Mumbai: ICICI Bank today said that a lenders consortium led by it has concluded the biggest asset resolution in the country with consummation of the Rs. 16,189 crore takeover of Jaypee Cements by Ultratech. “This More...

By Loknath Das On Friday, June 23rd, 2017
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Mutual Fund Managers Continue To Snap Up Banking Shares

New Delhi: Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs. 1.44 lakh crore at the end of May, mainly due to cheaper valuations. More...

By Loknath Das On Friday, June 23rd, 2017
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Provide Adequate Transaction Details In Passbooks: RBI To Banks

Mumbai: The RBI today asked banks to provide “adequate details” of transactions in the passbooks and statements of accounts so that customers can cross-check them. Earlier, the Reserve Bank had advised More...

By Loknath Das On Thursday, June 22nd, 2017
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Provide Adequate Transaction Details In Passbooks: RBI To Banks

Mumbai: The RBI today asked banks to provide “adequate details” of transactions in the passbooks and statements of accounts so that customers can cross-check them. Earlier, the Reserve Bank had advised More...

By Loknath Das On Thursday, June 22nd, 2017
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Sebi Relaxes Norms For Lenders Buying Stake In Distressed Companies

Mumbai: Markets regulator Sebi on Wednesday relaxed norms for stake purchase in distressed listed companies by lenders, exempting them from making open offers for shareholders. The relaxation would be subject to More...

By Loknath Das On Tuesday, June 20th, 2017
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Bankers To Meet From Monday To Decide On Large Defaulters

Mumbai: Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings. The More...