Banks general
IDBI Bank to become LIC IDBI Bank or LIC Bank
05 Feb 2019
UK govt approves Vijay Mallya’s extradition, but he can appeal
05 Feb 2019
Mallya has to apply for leave to appeal in the high court within 14 days. If there is no appeal, he must be extradited within 28 days of the home secretary’s order
Millions of SBI account details leaked: report
31 Jan 2019
Chanda Kochhar disappointed, hurt, shocked by ICICI Bank decision
31 Jan 2019
The former head of ICICI Bank expressed her disappointment over its decision to treat her resignation as “termination for cause”. But an enquiry report had criticised her and even the CBI filed an FIR against her and her husband
Jet Air lenders propose halving Goyal’s stake in $900m turnaround plan
09 Jan 2019
SBI has appointed Ernst and Young to conduct a forensic audit into Jet Airways' books from 1 April 2014, to 31 March 2018 and lenders will not release cash until they have the report on Jet Airways' business viability
Bandhan Bank to acquire Gruh Finance in an all-stock deal
07 Jan 2019
The merger, which would create a combined entity with market value totaling over Rs88,000 crore, would also result in Bandhan founder Chandra Shekhar Ghosh bringing down his promoter stake to just above 60 per cent
Lenders ask Jet Air to submit revival plan by month-end
07 Jan 2019
Lenders are wary of taking Jet Airways to the National Company Law Tribunal for insolvency proceedings since they are not sure of the value of its assets, but expects partner Etihad Airways to buy more stake in the company
Cabinet nod for merger of Vijaya Bank and Dena Bank into Bank of Baroda
02 Jan 2019
The merger will combine the advantages of Dena Bank's relatively higher access to low-cost CASA deposits, Vijaya Bank's profitability and availability of capital for growth, and the extensive and global network and offerings of BoB
Jet Airways defaults on loan repayment to banks
02 Jan 2019
Modi may also hit the election trail with farm loan waiver scheme
31 Dec 2018
PM Narendra Modi is reported to be weighing 3 options - a direct payment to all landowning farmers, compensation for those who sold produce below government prices, and a general loan-waiver – involving a Rs3,00,000-crore outgo, to help farmers hit by low crop prices
RBI rules out dilution of bank capital norms
31 Dec 2018
While recent data for the first half of fiscal 2018-19 indicated a stabilisation in non-performing assets (NPAs), this is at an elevated level and capital positions stands buffered and the provision coverage ratio has improved, RBI noted
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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