Personal finance

It can be noted that in January 2019, LIC completed acquisition 51 per cent stake in IDBI BankConcerned over the Central and state departments withdrawing deposits from IDBI Bankand also not offering fresh business to the LIC-owned…
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“PNB has indicated to the court that it intends to apply for permission to appeal to the Court of Appeal. As this would be a second appeal, the test for granting permission to appeal is stringent,” Mittal said.The British subsidiary of …
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“We have the framework ready and technical developments are underway because it needs certain changes. Once those are done, we will start, maybe by April,” SBI chairman said.State Bank of India (SBI) will switch to a cash flow-based…
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The customer can use the card across all 27,000 Indian Oil outlets, Axis Bank said.Axis Bank on Tuesday announced the launch of co-branded credit card in partnership with Indian Oil CorporationLtd (IOCL).The co-branded card is for…
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Beleaguered private lender Yes Bankis “willing to favourably consider” the $500-million offer from Citax Holdings even as the $1.2-billion offer from Erwin Singh Braich and SPGP Holdings remains under discussion, the bank said in a…
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Approval was received by Patanjali Ayurved from NCLT in September this year for Ruchi Soya’s acquisition.In another boost for lenders under insolvency and bankruptcy code (IBC), the resolution plan for debt-ridden edible oil firm is…
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BoB had established its operations in Trinidad & Tobago in 2007 and operates as one of only eight licensed banks there.Bank of Baroda(BoB) has agreed to sell its Trinidad & Tobago operations to ANSA Merchant Bank, a subsidiary…
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Recently, market regulator Sebi made it mandatory for listed banks to disclose bad loan divergence within a day of receiving the risk assessment report from the RBI.Public sector lender Punjab National Bank (PNB) under-reported its…
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Consequently, based on the divergence assessed by RBI in provisioning for bad loans, PNB said it would have reported a net loss of Rs 11,335.90 crore for FY19 as opposed to a net loss of Rs 9,975.49 crore.Public sector lender Punjab…
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Glimmers of improvement in the sector come almost 18 months after the first default by major lender IL&FS Group. (Reuters)The fortunes of India’s shadow banks are showing tentative signs of recovery, indicating that a prolonged…
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