Mehta said he hopes that PNB will be back into the black during 2018-19 due to various efforts taken by the bank after the fraud came to light in January this year.from Banking/Finance-Industry-Economic Times https://ift.tt/2P1Lt59
Tuesday, October 2, 2018
Punjab National Bank to turn profitable in FY'19; Nirav Modi scam a bygone: Sunil Mehta
Mehta said he hopes that PNB will be back into the black during 2018-19 due to various efforts taken by the bank after the fraud came to light in January this year.from Banking/Finance-Industry-Economic Times https://ift.tt/2P1Lt59
Monday, October 1, 2018
LIC stalling Piramal deal led to crisis, say IL&FS insiders
In 2015, a deal was almost finalised where Ajay Piramal would pick up stake in the group at Rs 750 per share.from Banking/Finance-Industry-Economic Times https://ift.tt/2QnxG9g
Can former directors of IL&FS take up other board positions?
While the earlier Companies Act barred them from board positions, the 2013 law is yet to be tested.from Banking/Finance-Industry-Economic Times https://ift.tt/2Rix4TW
Management change to restore confidence in IL&FS: Government
“IL&FS’ management had thrown its hands up. They had no credibility left, so any potential investor would have been reluctant. A new management had to be put in place,” said a person familiar with deliberations.from Banking/Finance-Industry-Economic Times https://ift.tt/2Ovpdnc
Rainmaker in Kotak can make IL&FS fix easy for government
Kotak is one of the few bankers in the country who have navigated banking crises successfully not once, but at least thrice.from Banking/Finance-Industry-Economic Times https://ift.tt/2QkVbjp
IL&FS crisis: Shareholders await guidance from new board
LIC, SBI and Orix may take cue from course of action for IL&FS funding.from Banking/Finance-Industry-Economic Times https://ift.tt/2xVsF0Z
IL&FS board sacked, Kotak-led team asked to shepherd company
The new six-member board of IL&FS will meet on or before October 8.from Banking/Finance-Industry-Economic Times https://ift.tt/2y2O1sA
Naina Lal Kidwai appointed Altico Cap’s independent chairperson
Current chairman Robert Petty is stepping down while continuing to remain on the board as non-executive directorfrom Banking/Finance-Industry-Economic Times https://ift.tt/2NXBZvi
Banks pre-empt RBI in raising rates
The country’s largest mortgage lender HDFC raised its retail prime lending rate (RPLR) by 10 basis points with immediate effect.from Banking/Finance-Industry-Economic Times https://ift.tt/2IxEbE4
Government takes control of IL&FS, 6-member board led by Uday Kotak set up
The Mumbai NCLT allowed the ministry of corporate affairs to take control of the board.from Banking/Finance-Industry-Economic Times https://ift.tt/2OrxU1T
Everything about the IL&FS crisis that has India in panic mode
The defaults by IL&FS have shut it out of the market, leaving it at the mercy of shareholders.from Banking/Finance-Industry-Economic Times https://ift.tt/2xXnjT9
Fully geared up for succession plan, says Yes Bank
The RBI had last month curtailed the three-year term that Yes Bank's board had sought for its MD and CEO Rana Kapoor to January 31, 2019, and asked the bank to find a replacement.from Banking/Finance-Industry-Economic Times https://ift.tt/2y1mFTN
IDBI Bank MD, CEO B Sriram retires; government yet to decide on new chief
LIC has received approval to increase its stake in the bank to a maximum of 51 percent to help it stay afloat amid the bad loan crisis it is currently grappling with.from Banking/Finance-Industry-Economic Times https://ift.tt/2IwdZcY
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