Yes Bank board to meet Tuesday after RBI directive on Rana Kapoor's tenure

The RBI cut short the tenure of Yes Bank's CEO Rana Kapoor and permitted him to continue only until January 2019.

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Dena Bank board clears merger proposal with BoB

Last week, government had announced merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country's second largest lender by assets and branches.

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Switzerland based Anchor Group to expand its industrial innovation platform into India

The platform is looking to help Indian corporates forge alliances with innovative emerging corporates of developed markets including mainland Europe, Scandanavia and United Kingdom.

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Lakshmi Vilas Bank says exposure to IL&FS group standard

Lakshmi Vilas Bank said it received certain queries from investors seeking clarification on the bank's exposure to the IL&FS group.

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Not defaulted on any financial obligations, reiterates DHFL

The company Friday had also assured that it has not defaulted on any bonds or repayment.

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Why India needs to stop the IL&FS rot from spreading

The Indian authorities shouldn’t have waited for a self-fulfilling liquidity crisis to raise its head.

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NBFCs to face higher borrowing costs

Since this was much higher than DHFL’s previous borrowing rate of 8.2% and there was no pressing need for funds, DHFL treasury rejected the offer and shelved the CP issuance.

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Federal Bank will anchor Unicorn’s maiden debt fund

Unicorn India’s venture debt fund is expected to mark the first close of its fund by early November, a year after it was launched in November last year.

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Government may help fast-track sale of IL&FS assets to public sector companies

The govt is open to the possibility of facilitating a quick sale of IL&FS assets to public sector enterprises so that the embattled non-banking finance company can raise funds to meet its immediate liquidity requirements.

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IL&FS crises not a Lehman moment for India: SBI Chief Rajnish Kumar

Rajnish Kumar told ET: “This is not a ‘Lehman moment’. It is unwarranted mayhem. It is herd mentality.”

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No concern on liquidity of NBFCs: SBI chairman Rajnish Kumar

Experts attributed the fall in NBFCs' scrips to tightness in money market and a lack of clarity on IL&FS exposure.

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Government begins consolidation of regional rural banks, to bring down tally to 36

The Centre has begun consultations with states as they are one of the sponsors of the regional rural banks (RRBs) in the country, a senior Finance Ministry official has said.

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Smaller PSBs asked to consolidate operations, avoid fight with larger banks

The move comes close on the heels of the government’s proposal earlier this week to merge three state-run banks — Bank of Baroda, Vijaya Bank and Dena Bank — to create the country’s third-biggest lender.

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