Sumitomo Mitsui Banking Corporation sells its 1.62% stake in Kotak Mahindra Bank for Rs 6,256 crore, ahead of its stake buy of 24.99% in Yes Bank.
Pursuing claimed default of Rs 225.22 crore, IDBI Bank files fresh plea in NCLT seeking insolvency against media and entertainment firm Zee.
Proposed changes relate to Sumitomo Mitsui Banking Corporation nominating two directors and SBI one to Yes Bank’s board after stake transfer is completed.
Already enabling Rs 15,000 crore of gold loans for banks, Manipal Fintech CEO Puja Abhishek Singh says plan is to enter co-lending biz and open branches in early 2026; next game is to lend directly.
Bank of Baroda is third lender after SBI and Bank of India to have declared loan accounts of RCom and Anil Ambani as "fraud".
IndusInd Bank’s former CFO Gobind Jain has urged Centre to suspend and initiate an independent probe against Sunil Mehta, chairman of the lender’s board.
Deutsche Bank has invited non-binding bids from several banks for its retail banking assets in India; in 2021, Citi sold its retail business to Axis Bank.
Competition Commission of India has approved Sumitomo Mitsui Banking Corporation's proposal to acquire certain share capital and voting rights in Yes Bank.
Rama Subramaniam Gandhi will continue as part-time chairman of Yes Bank from 20 September to 13 May 2027 at a remuneration approved by RBI.
Govt appoints Urijit Patel as ED of IMF for 3 years; he replaces KV Subramanian whose services were terminated six months ahead of his 3-year tenure.
India’s GDP grows 7.8% in June quarter; could slow down as US tariffs begin to bite and threaten exports and jobs.
Shareholders have turned down IndusInd Bank’s proposal to induct two nominee directors to the board while clearing Rajiv Anand’s appointment as MD & CEO.
All-India Bank Officers' Confederation criticises move to privatise IDBI Bank; says it would be betrayal of parliamentary assurances given in 2003 that govt stake would not fall below 51%.
Proceeds of the issue will be deployed for climate change-related financing activities, Nabard chairman Shaji KV said.
Bank of Maharashtra plans to raise at least Rs 2,000 cr to bring down government’s stake to 75% in FY26, says MD Nidhu Saxena; meet SEBI’s minimum public shareholding norm of 25%.
