NARCL set to acquire debt of Dharani Sugars

NARCL's ₹222.5 crore binding offer had triggered a Swiss Challenge auction which was scheduled on March 17. Lenders did not receive any coun..

EconomicTimes

RBI fines RBL Bank for non-compliance with rules on loa..

The RBI noticed "deficiencies in regulatory compliance" after it examined complaints received against the Mumbai-based lender's recovery age..

EconomicTimes

Bank of Baroda hikes interest rates on domestic retail ..

Bank of Baroda on Friday increased interest rates on domestic retail term deposits, including NRO and NRE term deposits, by 25 basis points ..

EconomicTimes

IDBI Bank disinvestment: 'Transaction on track as per p..

The government on Friday said the disinvestment of IDBI Bank is on track as per the defined strategic sale process. Debunking media reports ..

EconomicTimes

NCLT approves Welspun takeover of Sintex BAPL

The company was admitted to the NCLT under the Insolvency and Bankruptcy Code (IBC) in December 2020. The insolvency resolution process of S..

EconomicTimes

RBI imposes Rs 5 lakh penalty on HDFC

It was revealed, inter alia, that the company failed to transfer matured deposits of certain depositors to designated bank accounts of such ..

EconomicTimes

HDFC-HDFC Bank merger approved by NCLT

The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger.The merger between the two entities has re..

EconomicTimes

HDFC-HDFC Bank merger gets NCLT approval

The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger. Termed as the biggest transaction in Indi..

EconomicTimes

Rs 3,300-cr SBI loan fraud: SC stays Bombay HC order pe..

The Supreme Court has stayed a Bombay HC order permitting Suman Vijay Gupta, chairperson of Ushdev International Limited, to travel to the U..

EconomicTimes

DIPAM rubbishes media reports of IDBI Bank disinvestmen..

"Reports appearing in a section of the media indicating the possibility of deferment of IDBI Bank disinvestment are misleading, speculative ..

EconomicTimes

Higher rates on new deposits set to hurt banks’ margins..

State-run UCO Bank's Managing Director and CEO, Soma Sankara Prasad, says that now Indian banks are most likely to take a hit on their margi..

EconomicTimes

Piramal to sell DHFL loans to JM Financial ARC

Piramal Capital had initiated a Swiss Challenge against the ARC's anchor bid, inviting other interested bidders to submit expressions of int..

EconomicTimes

HDFC may contest IL&FS building sale

NCLAT had turned down HDFC's appeal for a stay on the sale of the property located in the Bandra Kurla Complex, which is regarded as one of ..

EconomicTimes

Anup Bagchi to head ICICI Prudential Life from June

Bagchi, who has been with the group since 1992, has been executive director of ICICI Bank since February 1, 2017, heading the wholesale bank..

EconomicTimes

Ashwani Kumar to be next MD & CEO of UCO Bank

"Keeping in view their performance in the interface, their overall experience, and the extant parameters, the Bureau recommends Ashwani Kum..

EconomicTimes

FSIB recommends Ashwani Kumar as MD of UCO Bank

The Financial Services Institutions Bureau (FSIB) interviewed 11 candidates from various public sector banks (PSBs) for the forthcoming posi..

EconomicTimes

Grandmother's wisdom helped Sandeep Bakhshi turn ICICI ..

In 2018, ICICI Bank reported its worst asset quality in a decade amid dwindling return ratios. Gross bad loans more than doubled in three ye..

EconomicTimes

Union Bank of India fails to get bidders for its bad lo..

Union Bank had put on sale a ₹410-crore loan of bankrupt Visa Steel and set the reserve price at ₹164.28 crore, entailing a recovery of at l..

EconomicTimes

HNIs turning to gold loans to meet emergency requiremen..

An increasing gold price is driving this demand. A higher price means a greater amount of credit available to the customer, Muthoot Finance ..

EconomicTimes

L&T Finance invites bids for ₹880-cr Xrbia loans

The five accounts comprise Xrbia Developers with a debt of ₹435 crore, Xrbia Chakan Developers with ₹164 crore, Xrbia Warai Developers with ..

EconomicTimes