Banks general
Yes Bank rescue: SBI, 7 other investors to pool in over Rs12,000 cr
13 Mar 2020
SBI, the lead investor, which has proposed to invest up to Rs7,250 crore in Yes Bank, has also recommended that the current administrator of Yes Bank, Prashant Kumar, be appointed as the new CEO of the bank
RBI announces reconstruction of Yes Bank; SBI to pool in 49% equity
09 Mar 2020
As per the scheme of reconstruction, the authorised share capital of Yes bank will stand altered to Rs5,000 crore and the investor bank (SBI) will invest up to 49 per cent shareholding at a price not less than Rs10 for a Rs2 share, ie, at a premium of Rs8 per share
PSU banks announce share swap ratios for mergers
06 Mar 2020
Yes Bank under moratorium; RBI imposes lending curbs
06 Mar 2020
RBI has assured depositors of the bank that it will explore and draw up a scheme in the next few days for the bank’s reconstruction or amalgamation and with the approval of the central government, put the same in place well before the period of moratorium of 30 days ends
Ten public sector banks to merge into 4 from 1 April
05 Mar 2020
The union cabinet on Wednesday approved the amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab National Bank; Syndicate Bank with Canara Bank; Andhra Bank and Corporation Bank with Union Bank of India; and that of Allahabad Bank with Indian Bank
Ten public sector banks to merge into 4 from 1 April
05 Mar 2020
The union cabinet on Wednesday approved the amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab National Bank; Syndicate Bank with Canara Bank; Andhra Bank and Corporation Bank with Union Bank of India; and that of Allahabad Bank with Indian Bank
Bank credit growth slows to 8.5% in January 2020
02 Mar 2020
IDBI Bank Q3 loss widens to Rs 5,763 crore
12 Feb 2020
RBI keeps repo rate unchanged at 5.15% as inflation spikes
06 Feb 2020
The Monetary Policy Committee expects consumer price inflation that has peaked to 7.4 per cent in December 2019, to tame itself as onion prices plummet
HDFC Bank Q3 net profit rises 33% to Rs7,416 cr
20 Jan 2020
PMC Bank scam: HDIL directors stashed money in wives’ names
31 Dec 2019
Wives of HDIL directors, Sarang Wadhwan and his father Rakesh Wadhawan, owned huge properties but are unaware of the source of funds for the purchases, even as Sarang’s wife Anu Wadhawan received Rs70 lakh from an HDIL group company as a retainer, according to statements made to the Enforcement Directorate
Latest articles
Featured articles
Hariman Sharma lets apple travel to India’s warmer climes
10 Feb 2025
Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.
The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES
Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.
As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.
The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
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.
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