NEWS

DHFL lenders challenge NCLT order on Wadhawan offer

DHFL lenders appeal in NCLAT against NCLT’s order which directs them to consider an offer made by former promoter Kapil Wadhawan.

• 25 May 2021

RBI's Rs 99,122 cr dividend payout to govt higher than expected

RBI to make its second-highest annual transfer of surplus to the govt; this may not be adequate to absorb revenue losses due to Covid-19.

• 22 May 2021

NCLT asks DHFL creditors to consider Wadhawan’s settlement offer

NCLT directs lenders of DHFL to consider settlement offer from the company’s ousted promoter Kapil Wadhawan.

• 20 May 2021

RBI slaps fine on this Beed-based bank

RBI slaps fine of Rs 1 lakh on Priyadarshini Mahila Nagari Sahakari Bank, Beed for violation of certain directions under the Supervisory Action Framework.

• 20 May 2021

Govt to earn Rs 4,000 cr via stake sale in Axis Bank

Govt set to earn close to Rs 4,000 cr from its stake sale in Axis Bank through the Specified Undertaking of the Unit Trust of India.

• 19 May 2021

Canara Bank Q4 net at Rs 1,011 cr

Canara Bank reports standalone net profit of Rs 1,011 cr for the March quarter, turning around from the loss of Rs 3,259 cr a year ago.

• 19 May 2021

Federal Bank Q4 net up 59% amid lower provisioning

Federal Bank has reported a 58.6% YoY growth in net profit to Rs 477.8 cr for the quarter ended 31 March on account of lower provisioning.

• 19 May 2021

Covid: Finance ministry asks states to vaccinate bank, insurance staff on 'priority'

Finance ministry asks states to vaccinate bank and insurance employees on priority basis as they run high risks during the period of Covid-19 pandemic.

• 14 May 2021

SBI has lost over 520 employees to Covid

The second wave has been more brutal and taken away many younger SBI officials; bank has taken several measures to combat Covid.

By Manju AB

• 14 May 2021

India let down guard against Covid too early: Uday Kotak

Kotak Mahindra Bank lost 17 employees due to Covid in a month’s time; saving lives scores over everything else, says Uday Kotak.

• 14 May 2021

SBI has lost over 520 employees to Covid

The second wave has been more brutal and taken away many younger SBI officials; bank has taken several measures to combat Covid.

• 14 May 2021

Covid impact: Moody’s cuts India's GDP forecast to 9.3%

Moody’s has cut India’s GDP forecast to 9.3%, which is sharply lower than its earlier projection of 13.7%.

• 12 May 2021

RBI modifies norms for private banks undertaking govt biz

RBI modifies guidelines that allow sound private sector banks to undertake govt business, whether at the Centre or in states.

• 11 May 2021

RBI's Rs 50,000 cr liquidity dose to boost healthcare sector

The RBI measure is likely to incentivise banks to lend more to the healthcare sector; pharma and healthcare stocks to gain.

• 06 May 2021

RBI allows loan moratorium for small borrowers

Individuals and small businesses who have loans up to Rs 25 crore can seek a loan restructuring as they struggle to ride through the second wave of Covid-19.

• 06 May 2021