Brokers say many wanting get to their hands on the country's second-largest credit card company have bought shares of parent State Bank of India (SBI) from the secondary market in recent weeks.
The beleaguered Indian lender has been struggling to raise capital for the past few months, amid concerns about the quality of its assets and its exposure to the stressed shadow banking sector
Analysts, however, do not see any upside in Shree Cement given all the positives are already priced-in.
Change effective March 27; NSE also moves Vodafone Idea, Indiabulls Housing Finance out of Nifty Next 50, brings in Torrent Pharma, Adani Transmission
This is for the alleged interference in rating action of YES Bank and DHFL
Sectorally, Nifty Private Bank index fell around 1.4 per cent to 17,083 levels. Nifty Bank slid 0.8 per cent to 31,230 points. On the upside, pharma and IT stocks advanced the most
YES Bank will delay the announcement of its December quarter (Q3) results due to the ongoing talks
The bank and its financial advisors are in discussions with investors on commercial terms. The investments, including pricing and size of the stake to be acquired, are all subject to regulatory approv
For YES Bank, keep a stop at 36 and go short
This is the third downgrade of the private sector lender by Ind-Ra in last one year - which could adversely impact the bank's franchise and potentially create challenges on asset and liability side.
The lender issued a statement last month assuring customers about its liquidity and stability and said it is making every effort "to financially strengthen the bank further."
Investors also approved a resolution to increase authorised share capital from Rs 800 crore to Rs 1,100 crore
At an extraordinary general meeting, investors approved a resolution to increase authorised share capital from Rs 800 crore to Rs 1,100 crore
A total of 135 companies are scheduled to announce their December quarter earnings today including Eicher Motors, Hero MotoCorp, Sun Pharma, and RITES
Cantor Fitzgerald is led by Anshu Jain, the former co-CEO of Deutsche Bank AG
In a letter to RBI Governor Shaktikanta Das, Agarwal alleged breach of governance, non-compliance, undue influence and control on the majority members of the board by Gill through quid pro quo
The lender sold the shares at an average price of Rs 1.91 apiece, which took the total deal value to over Rs 5.77 crore.
Banking counters were leading the charge from the front with ICICI Bank becoming the biggest contributor toward's today's gain, ahead of its December quarter results tomorrow
State Bank of India Chairman Rajnish Kumar said he's certain "some solutions will emerge" to steady YES Bank, which has been on a prolonged quest to raise new capital.
Kumar's statement follows speculation that the government, which controls SBI, may ask the lender to play a role in bailing out YES Bank