* Sanjiv Chadha, DMD at SBI, appointed MD & CEO of Bank of Baroda for 3 years * LV Prabhakar, ED at PNB, appointed MD & CEO of Canara Bank until he achieves superannuation/until further orders * Atanu Kumar Das, ED at Bank of India, appointed MD & CEO of Bank of India for 3 years
Just in | Govt appoints new MD & CEOs for Bank of Baroda, Canara Bank and Bank of India. @CNBCTV18Live
IMF ON INDIA: Reason for lowering growth projection * Domestic demand slowed more sharply than expected * Domestic slowdown amid stress in NBFC sector, decline in credit growth * Going forward, growth to be supported by monetary and fiscal stimulus as well as subdued oil prices
IMF ON INDIA * FY20 GDP growth forecast cut by 130 bps to 4.8% vs 6.1% forecast in Oct * FY21 GDP growth forecast cut by 120 bps to 5.8% vs 7% forecast in Oct * FY22 GDP growth forecast cut by 90 bps to 6.5% vs 7.4% forecast in Oct
Deadline to submit Expressions of Interest to acquire #JetAirways ends today. Synergy Group has submitted an EOI, but will the Hindujas come forward? @jetairways @CNBCTV18Live
Just in | Yes Bank acquires 29.97% stake in Reliance Power subsidiary, Rosa Power, by invoking pledged shares after @reliancepower defaulted on loans. @CNBCTV18Live
#CNBCTV18Exclusive Lenders declare H1 for 3 ADAG cos: RCom, Rel Infratel and Rel Telecom. Reliance Jio declared highest bidder for Reliance Infratel, and UVARCL for RCom & Rel Telecom. Follow the link to know more. @CNBCTV18News
#YesBank Board Meeting Outcome: * To raise Rs 10,000 cr in one or more tranches via QIP/GDP/ADR/FCCB/other methods * Bank to not pursue Erwin Singh Braich/SPGP offer * Board willing to favourably consider Citax's USD 500 mn offer, final decision on allotment in next board meet
#YesBank confirms @CNBCTV18Live newsbreak. Here is the full text of their statement to the exchanges on Independent Director, Uttam Prakash Agarwal's premature resignation from the bank.
#Kotak Mahindra Bank versus #RBI Case couldn't be taken up for hearing today. Bombay High Court to take up the case on March 6.
Keki Mistry of @HomeLoansByHDFC tells CNBC-TV18 that HDFC has contributed Rs 250 crores to the govt's stressed realty fund. @CNBCTV18Live #StressedRealtyFund
Ruchi Soya | Read full article to see the new exposure banks are taking with Patanjali Ayurved's acquisition.
#DHFL Update: Ernst & Young appointed advisor and AZB & Partners legal advisor to RBI-appointed administrator, R Subramaniakumar. Creditors have been invited to submit their claims against #DHFL by December 17. @CNBCTV18Live @EYnews @DHFL_India
#YesBank uncertainty on fund raising continues after today's board meeting.