Search Results for:Gopika Gopakumar

India: Bandhan Bank eyes inorganic options to cut promoter stake

Reserve Bank of India came down heavily on the bank for failing to cut the shareholding of its non-operating financial holding company to 40%.


Indian Bank, PNB to exit credit data firm Experian

Experian was set up in 2010 by Gus Holdings BV, Netherlands, and some domestic public and private sector banks and non-banking financial companies to provide credit information services.


Yes Bank to seek RBI’s nod to extend CEO Rana Kapoor’s term

In June, Kapoor had sought a three-year extension till 31 August 2021, but the regulator had agreed to extend his tenure only till 31 January 2019.


Dena Bank’s board approves merger with Bank of Baroda, Vijaya Bank

The merged entity, comprising two relatively stronger banks and a weak one, will be the third-largest lender in India, after State Bank of India and HDFC Bank Ltd, with total business of ₹14.82 trillion.


India seeks merger of state-run Bank of Baroda, Dena and Vijaya Bank

The merged entity, comprising two relatively stronger banks and a weak one, will be the third-largest lender in India after State Bank of India and HDFC Bank Ltd, with a total business of more than ₹14.82 trillion.


Singapore’s Temasek to invest $400m in NIIF’s Master Fund

Temasek joins government of India, ADIA, HDFC Group, ICICI Bank, Kotak Mahindra Life Insurance and Axis Bank as investors in NIIF’s Master Fund.


India: JM Financial ARC offers to buy out SBI’s loan  to Bombay Rayon for $128m

SBI has a Rs2,260 crore exposure to Bombay Rayon, meaning India’s largest bank will have to accept a 60% discount if it agreed to the deal.


Reserve Bank of India rejects Kotak’s proposal to reduce promoter holding

RBI has communicated to the company that PNCPS issuance doesn’t meet its promoter holding dilution requirement.


India: Bank of Baroda to sell Essar Steel debt to Hong Kong’s SC Lowy

SC Lowy has agreed to purchase the debt for 70% of the claim amount.


Deepak Parekh spells out succession planning at HDFC group

This is the first time that Parekh, who turns 74 this year, has publicly spelt out his views on succession planning at the housing finance major and its group companies.