Gopika Gopakumar

Merging Shriram Transport into IDFC Bank not possible regulatory-wise: Rajiv Lall

IDFC Bank Ltd chief Rajiv Lall explains the rationale behind the deal.

India: IDFC-Shriram merger deal complex, may be painful, say analysts

Pressure points include regulatory hurdles and a potential asset-liability mismatch.

India: Everstone-backed IndoStar Capital close to acquiring ICICI Home Finance for $308m

Deal values the housing finance unit at $462.5 million.

India: Catholic Syrian Bank-Fairfax deal collapses on valuation

CSB has informed RBI and is in the process of appointing a banker to find investors.

India: Bankruptcy proceedings initiated against Amtek Auto, Electrosteel, Jyoti Structures

Proceedings were earlier initiated against Essar Steel and Monnet Ispat and Energy.

India: RBI asks Catholic Syrian Bank to iron out valuation issues with Fairfax

Aion and Everstone are also reportedly interested in the pvt sector lender.

India: Kotak Mahindra Bank’s Phoenix ARC plans to buy large-sized bad debt

It has so far bought bad loans from small and medium enterprises

India: HDFC may sell realty, digital units to Quikr for 5% stake

The size of the deal is likely to be Rs350-400 crore.

India: Uday Kotak reiterates interest to acquire SUUTI’s stake in Axis Bank

The buzz about Kotak Mahindra Bank looking to buy Axis Bank refuses to die down. On Wednesday, Kotak’s managing director Uday Kotak reiterated his interest in looking at a possible acquisition of the Specified Undertaking of Unit Trust of India’s (SUUTI) 12% stake in Axis if he is approached. “If… Read more »

India: Carlyle Group leads the race to buy GE Capital’s stake in SBI Card

Global private equity (PE) firm Carlyle Group has emerged as the front runner for GE Capital Corp.’s stake in SBI Card, the credit card joint venture between the US-based company and India’s largest lender State Bank of India (SBI), at least two people privy to the matter told Mint. “Carlyle… Read more »