ICICI Bank has signed an agreement with NARCL to acquire for Rs 137.5 crore a stake of up to 5% in NARCL.
Bank credit grew by 7.9% to Rs 116.27 lakh crore and deposits rose by 8.6% to Rs 162.17 lakh crore in the fortnight ended February 25, RBI data showed.
After scrapping Rs 4,000-crore deal with Carlyle, PNB Housing Finance said it has got board approval to raise Rs 2,500 crore through rights issue.
Trading at 76.16 per dollar on Friday even as the Russian forces attacked a nuclear plant in Ukraine, it was weaker than the previous day’s closing at 75.91.
Canara Bank has raised Rs 1,000 crore in Basel III-compliant additional tier I, series III bonds, at a coupon rate of 8.07% per annum.
State Bank of India will not process any transactions involving Russian entities subject to international sanctions imposed on Russia after its invasion of Ukraine.
Weak public sector lenders like Central Bank of India and Punjab & Sind Bank will get lion's share of Rs 15,000 crore earmarked for capital infusion in state-owned banks for current fiscal.
LIC, which is heading for IPO, is likely to keep part of its stake in IDBI Bank as it sees strategic value in using the bank’s large network of branches to market its insurance services.
Dhanlaxmi Bank Q3 net profit dropped 82.81% YoY to Rs 2.3 crore amid a sharp fall in other income.
FedFina’s IPO consists of a fresh issue aggregating up to Rs 900 crore and an offer for sale of up to 45,714,286 equity shares by promoter and investor.
CSB Bank has got the RBI nod to appoint Pralay Mondal as its deputy managing director. His tenure will be for three years.
Canara Bank acquires 14.9% of India Debt Resolution Company Ltd while Bank of Baroda has picked up 12.3% stake.
Rana Kapoor and businessman Gautam Thapar, however, will not walk out of jail as they are in judicial custody in connection with some other cases.
ICICI Bank, IDBI Bank and State Bank of India account for 60% of loans to ABG Shipyard which have gone sour. Here is how much the firm owes to each of the 28 lenders.
Inflation based on CPI rose to 6.01% in January on an annual basis, mainly due to higher prices of certain food items.
