Industry players say shift to high-quality paper will help them tide the turmoil
Subhash Chandra says committed to release pledge; won't happen at lower price
Here's a selection of Business Standard opinion pieces for the day
Sebi order on AT-1 bonds is in the right direction
The board of Muthoot Finance approved payment of an interim dividend of Rs 20 per equity share
Sebi imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender's AT-1 bonds few years ago
The fine relates to the matter of misselling the lender's AT-1 bonds few years ago
To broaden its services for the start-up sector, the lender Yes Bank has tied-up with GVFL Limited.
The entire proceeds from the sale of Reliance Centre in Santacruz will be utilised to repay YES Bank's debt.
The decision has been taken after Kapoor failed to pay the fine imposed on him
A sudden change in the metrics will be disruptive
Besides redemption pressure in debt market, it will make fund raising difficult for PSBs
Its deposit base as of December 31, 2020 (Q3) had risen to Rs 1.46 trillion, up 8 per cent sequentially, though below a year ago's Rs 1.65 trillion
PNB Housing Finance on Friday said it has tied up with Yes Bank for a strategic co-lending service that will facilitate retail home loans at competitive rates
Experts don't see further cuts boosting demand, with rates already at record lows
YES Bank's shareholders have approved a proposal for raising Rs 10,000 crore capital
Yes Bank on Tuesday said its shareholders have approved a proposal for raising Rs 10,000 crore capital with the requisite majority. As many as 98.78 per cent votes were cast in favour of the resolution to authorise the bank to raise capital through issuance of equity shares or other securities, Yes Bank said in a regulatory filing. "We would like to inform that the special resolution...has been approved by the members with requisite majority," Yes Bank said. On January 22, while declaring its financial results for quarter ended December 31, 2020, Yes Bank had informed about Rs 10,000 crore fund raise plan through various modes. In its notice for the postal ballot on the capital raise plan, the bank said that it wants to further strengthen the common equity tier 1 (CET 1 or core capital) ratio and to ensure that it has enough capital to support growth and maintain adequate buffers to deal with any unforeseen impact. And it had proposed to raise equity capital not exceeding Rs 10,000
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer
Says foreign firms keen to invest in proposed ARC
Urges three-pillared base consisting of ARCs, AMCs and AIFs to attract investors into this space, without which process could lose credibility