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Latest News Update - Banking and Finance

IndusInd Bank in October last year decided to acquire the country#39;s leading micro-finance player BFIL, which was previously known as SKS Microfinance.  Wed, 19 Jun 2019
The operational creditors have been successful in maintaining their ratio of payouts because of an eye on maintaining relationships by the successful bidders in resolutions processes, ratings agency Icra said.  Wed, 19 Jun 2019
The banks had cited lack of space for storing coins in their Shirdi branches as the reason.  Wed, 19 Jun 2019
The penalty follows references from a government department and a private party alleging non-payment of invoked bank guarantees by the lender, the Reserve Bank said in a statement.  Wed, 19 Jun 2019
ILFS started defaulting on its debt repayments in July last year and company borrowed Rs 91,000 crores from various way including availing credit from public sector banks.  Wed, 19 Jun 2019
Finance Minister Nirmala Sitharaman on Wednesday reviewed the economy with financial sector regulators — SEBI (Capital Market), RBI (Monetary Sector)   Wed, 19 Jun 2019
Likely to incorporate issues flagged by EY on the possible reasons for failing to attract bidders   Wed, 19 Jun 2019
Canara Bank said its board of directors, on June 18, permitted to initiate the process of stake sale in part/full in Can Fin Homes (CFHL), the housing finance company.  Wed, 19 Jun 2019
Also, SAT found that SEBI#39;s case against the party lacked #39;shred of evidence#39;.  Wed, 19 Jun 2019
The meeting saw a general review of the current state of the economy, the overall macro-economic situation, global developments and discussed the forthcoming budget and various budget-related suggestions and proposals, Governor Shaktikanta Das said.  Wed, 19 Jun 2019
HDFC AMC is making a provision of up to 500 crore to provide liquidity to the unit holders of FMP of HDFC MF that were affected by exposure to the NCDs of Essel group companies  Wed, 19 Jun 2019
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Russia's Rosneft in Talks to Buy Stake in Essar Oil: Report
Russia's top oil producer Rosneft is in talks to buy about 50 per cent stake in Essar Oil Ltd for an undisclosed amount, according to sources.
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Russia's Rosneft in Talks to Buy Stake in Essar Oil: Report
Russia's top oil producer Rosneft is in talks to buy about 50 per cent stake in Essar Oil Ltd for an undisclosed amount, according to sources.
Read More
Russia's Rosneft in Talks to Buy Stake in Essar Oil: Report
Russia's top oil producer Rosneft is in talks to buy about 50 per cent stake in Essar Oil Ltd for an undisclosed amount, according to sources.
Read More

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