Recent Highlights
All Stories for Private Sector Lender
Moratorium, withdrawal cap on Yes Bank credit negative; move to affect timely repayment of depositors, creditors: Moody's
• 5 years agoThe central bank on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseded the board of the private sector lender with immediate effect.
Yes Bank to delay Q3 results till mid-March; says management 'deeply engaged' in fundraising exercise
• 5 years agoYes Bank said it has received non-binding expressions of interest from companies including JC Flowers & Co. LLC; Tilden Park Capital Management LP; OHA (UK) LLP (part of Oak Hill Advisors); and Silver Point Capital
RBL Bank Q3 profit slips 69% to Rs 70 cr on rise in bad loans; net interest income up 41% to 923 cr
• 5 years agoHowever, total income increased to Rs 2,64,430 crore as against Rs 1,029.20 crore for the same period year ago, RBL Bank said in a regulatory filing.
About 15,000 mid, senior level employees exit Axis Bank on organisational restructuring; lender hires 28,000 people this fiscal
Fp Staff • 5 years agoThough a few exits have been reported in the senior levels of Axis Bank as well due to the restructuring of the operations, majority of the employees quit at the branch levels.
Macquarie says got Yes Bank call all wrong; double-downgrades bank's stocks, cuts target price by 40%
Fp Staff • 6 years agoYes Bank reported its first-ever loss of a whopping Rs 1,506-crore for the March quarter under a new management led by Ravneet Gill
Yes Bank clean-up to continue, as CEO Ravneet Gill shifts focus on compliance and governance
• 6 years agoRavneet Gill succeeded Rana Kapoor in March after RBI asked to leave by end January due to a regulatory discomfort.
RBI warns Yes Bank of regulatory action for disclosure of nil divergence report; says Risk Assessment Report misrepresented
• 6 years agoThe RAR also identifies several other lapses and regulatory breaches in various areas of Yes Bank's functioning and the disclosure of just one part of the RAR is viewed by RBI as a deliberate attempt to mislead the public, the RBI said.
ICICI-Videocon loan issue: Bank's Board denies asking CEO Chanda Kochhar to go on leave
Fp Staff • 7 years agoOn Wednesday, ICICI Bank's Board of Directors had decided to institute a "comprehensive enquiry" to look into an anonymous whistle blower's complaint alleging that Chanda Kochhar had not adhered to provisions relating to "code of conduct" of the bank.
Uday Kotak sells 1.5% stake in Kotak Mahindra for Rs 2,255 cr to Canadian funds
• 8 years agoUday Kotak, along with family members, held 33.61 percent stake in the bank as of December 2016, out of which 33.30 per cent is held by Kotak in his personal capacity.