Credit Suisse Takes $4.7 Billion Charge Due to Hedge Fund
Credit Suisse Group AG will take $4.7 billion writedowns tied to the implosion of Archegos Capital Management and replace more than half a dozen executives...
Tag : bank
Rs 3,800 Crore Fraud Plunged PNB By 11 percent
Punjab National Bank (PNB) shares tanked 11 percent in trade on Monday after the public sector lender on Saturday said it has detected a fraud...
RBI Simplifies Stressed Asset Rules Related To Feb. 12 Circular
On Friday, The Reserve Bank of India, released a revised circular on the restructuring of stressed accounts, after the last such circular was struck down...
RTGS Timings Extended By RBI For Customers From 1st June
The Reserve Bank of India (RBI) has stretched the timings for customer transactions through Real Time Gross Settlement (RTGS) system. The effect will take place from June...
HDFC Bank Is Splitting Its Stock Price For Second Time Since 2011
On May 22, the country’s most valued private lender by market value HDFC Bank will consider a proposal to split the face value of its...
Kotak Mahindra AMC Defends Failure To Fully Redeem Some FMPs
Nilesh Shah of Kotak Mahindra Asset Management Company said that Essel group is debt-laden in seven of the eight fixed maturity plans, the controlling shareholders...
Government’s Capital Infusion Will Boost Allahabad Bank’s Capital Ratios
Allahabad Bank’s plan to raise equity capital which will improve its tier-I capital reasonableness ratio by nearly half. The bank’s tier-I capital ratio will inch...
HDFC Is Allowed To Hold Only 9.9 Percent In Bandhan Bank Says RBI
According to the exchange filing, India’s largest mortgage lender has agreed to merge its low-cost arm Gruh Finance Pvt. Ltd. with Bandhan Bank, can hold...
OakNorth Bank receives Rs.1,328 cr investment
As per Indiabulls Housing Finance, its investee company UK’s OakNorth Bank has received investment of approx Rs.1,328 crore from 3 investors valuing it at approx...
Banks have rejected Vijay Mallya’s repayment offer
The proposal of Vijay Mallya, Kingfisher Airlines Chairman for repaying Rs 4,000 crore as partial settlement of the carrier’s debts has been rejected by the...