RBI gives conditional approval to US private equity investors Carlyle Group and Advent International to acquire a combined 20% stake in Yes Bank.
Duff and Phelps estimates Reliance Capital’s liquidation value at Rs 12,500 crore; RBSA pegs it at Rs 13,200 crore
Manufacturing and mining sectors contract; agricultural output and construction sector see expansion.
Acquisition of 12,370,050 equity shares is at Rs 11.43 per share; Yes Bank plans to acquire additional 10% stake in JC Flowers ARC.
Retail digital currency to be distributed through banks; users will be able to transact through digital wallet offered by participating banks and stored on mobile phones/devices.
State Bank of India approves raising Rs 10,000 crore through infrastructure bonds in FY2023; to include green shoe option of Rs 5,000 crore.
Credit growth is broad-based, reflecting pick-up in economic activities; bank deposits stand at 9.8%.
The fundraising step may be seen as a move by banks to issue securities, including infrastructure bonds, to meet rising credit demand and lock in funds at cheaper rates.
Punjab National Bank holds 15.22% stake in UTI AMC worth Rs 1,329 cr at current value; divestment to be made in single or multiple tranches.
Gautam Adani courts sovereign wealth funds to raise $5 bn across his business empire after lenders ask group to reduce leverage.
NBFCs have seen their balance-sheet size more than double to 25% of the banking sector as of March 2022; this was just 12% in fiscal 2010.
RBI allows HDFC Bank and Canara Bank to open special 'vostro account' for trade in rupees with Russia; 3 Indian banks had earlier got regulatory clearance.
Govt approves appointment of ten executive directors in various public sector banks for period of three years.
Aiming to provide stability at top and retain talent, government raises maximum tenure for CEOs and MDs at public sector banks to 10 years.
SBI has hiked marginal cost of funds-based lending rate across tenors by 10-15 basis points; EMIs to go up.
