ICICI Bank board meeting on July 8 to consider fund raising. @CNBCTV18Live
#AxisBank AMG on July 31
Want some #WFH inspiration? #Reliance Industries raised over Rs 1,68,818 cr in the last 58 days. This includes Jio Platforms raising Rs 1,15,693.95 cr from 11 global investors, and RIL Rs 53,124.20 cr through a Rights Issue.
SBI to hold its 65th Annual General Meeting (AGM) on July 14.
#InterestWaiverCase hearing today: * Indian Banks Association (IBA), SBI bat against “across the board” waiver of interest * IBA, SBI argue that the situation is evolving, SC should defer hearing in this case for 3 months (2/n)
ICYMI #YesBank Exchange Notice on Madhu Kapur, family withdrawing suit against Yes Bank following de-classification as co-promoter.
Part 1 of a @CNBCTV18Live special on the amendments to the Insolvency & Bankruptcy Code to prevent persons impacted by COVID19 from being taken to the bankruptcy court. #IBC Ordinance: The Fine Print @IBBIlive @cyrilamarchand
Part 2 of a @CNBCTV18Live special on the amendments to the Insolvency & Bankruptcy Code to prevent persons impacted by COVID19 from being taken to the bankruptcy court. #IBC Ordinance: The Fine Print @IBBIlive @cyrilamarchand
Unless RBI allows them to hold higher stake- which the bank has not said is the case- then #IndusIndBank promoters cannot hold more than 15%. They already hold 14.68%. The additional stake they can buy from open market is merely 0.32%
#IndusIndBank has not disclosed how much additional stake promoters can buy. As per RBI rules, promoter stake cannot exceed 15%. However, IndusInd Bank has approached RBI to allow addnl holding upto 26%. There is no word from the bank or RBI on whether that approval was granted.
#RBI's future looking survey shows inflation expectations have risen sharply, Indian households have never been as pessimistic about the economic situation, their income and employment prospects, as they are today. Read the report here. @CNBCTV18Live
*Downgrades IndusInd Bank's rating with a negative outlook *Affirms PNB's rating, changes outlook to stable *Affirms Central Bank of India, Indian Overseas Bank ratings with stable outlook @CNBCTV18Live
Moody's Takes Rating Action On 11 Indian Banks Following Sovereign Rating Downgrade: *Downgrades ratings of SBI, HDFC Bank and Exim Bank, maintains negative outlook *Places ratings of Bank of Baroda, Bank of India, Canara Bank & Union Bank of India under review for downgrade