Banks general
Axis Bank to raise Rs11,626 cr from Bain Capital, others
11 Nov 2017
Axis Bank, India’s third-largest private sector lender, is raising equity and equity-linked capital for Rs11,626 crore from investors that include entities affiliated to Bain Capital Private Equity and Life Insurance Corporation
Arun Jaitley heads panel to oversee PSU bank mergers
31 Oct 2017
PSU bank mergers are seen as an alternative mechanism, along with proposed infusion of Rs2,11,000 crore capital, to clear loss-making banks of the huge pile of non-performing loans
RCom’s new debt repayment plan gives banks 51% shareholding
31 Oct 2017
Under the Reserve Bank mandated restructuring plan, RCom will be left with 49 per cent equity and Rs6,000 crore of debt while the promoters’ stake will come down to 26 per cent
IDFC-Shriram merger talks fail over valuation issue
30 Oct 2017
The complex deal proposed by the managements, involving at least four big entities in transport and consumer financing and infrastructure funding, failed to secure support from both stakeholders and regulators
Pence breaks tie to scrap bank regulation bill
25 Oct 2017
IBM announces new blockchain tech for cross-border banking
16 Oct 2017
IBM said the blockchain technology will help merchants and consumers to send money to another country in near real-time, accelerating a payments process that typically takes days
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