India’s biggest ARC is making the market shift from corporate to retail acquisition of stressed assets. Why are many other ARCs also following this trend? How will Yes Bank’s deal with JC Flowers and setting up of a bad bank impact the stressed market?
Rupee breaches psychological barrier of 80 a dollar; its fate depends on global inflation, rate hikes by central banks, war in Ukraine and how world order takes shape.
Yes Bank CEO Prashant Kumar has put plenty on his plate. He has got JC Flowers ARC to help him get rid of pile of bad loans worth Rs 48,000 cr; the bank will pick up 20% stake in this entity; and he will raise $1 bn to fund growth. Will he be able to jump-start the growth engine?
Govt will likely float EoI for divestment of IDBI Bank within a month, CEO Rakesh Sharma said; it has already hired a transaction and legal adviser.
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Bank of Maharashtra cuts its MCLR on loans, making it an outlier in a rising interest rate scenario. CEO Rajeev explains how this was possible.
Some customers were offered lower interest rates by market participants but we decided not to cut ours, HDFC Bank CFO Srinivasan Vaidyanathan said in an analyst call.
ED files FIR against certain entities and some IndusInd Bank staff over alleged financial irregularities in remittances for import transactions during 2011-14; bank had informed regulatory authorities and lodged police complaint in 2015.
NBFCs are banking on credit growth to protect their margins as borrowing costs are set to elevate. Will they succeed? Will the impact vary for NBFCs with different areas of focus?
With Indian currency sliding to new lows this month, RBI announces slew of measures to increase dollar supply and prop up rupee.
