Banking for the super rich: Cool, crazy and confidential
The supplications of banks on behalf of their rich clients are endless and often bordering varied oddities.
Banks recover ₹6,000 crore in Prayagraj sale
Financial creditors took a 52% haircut on their ₹12,500 cr of loan exposure to the company.
Stock market update: Private banks soar; YES Bank jumps 3%
The Nifty Private Bank index was trading 0.67 per cent up at 17,615.45.
Share market update: Bank shares advance; Yes Bank climbs 5%
The Nifty Bank index was trading 0.56 per cent up at 31842.05 .
United Bank of India cuts MCLR by five basis points
State Bank of India was first to announce 10 bps cut in MCLR last week after Reserve Bank of India Governor Shaktikanta Das exuded confidence that previous policy rate cuts would translate into banks lowering lending rates even as the central bank kept repo rate unchanged in the last monetary policy.
QIP as backup plan for YES Bank?
The lender, which is planning to raise as much as $2 billion via share sale, wants to keep options open as it negotiates with prospective investors.
Bank of Baroda to exit Trinidad & Tobago
BoB Trinidad & Tobago started its operations in October 2007 as a wholly-owned overseas subsidiary. "We have had a long and successful tenure in Trinidad & Tobago and will look forward to a disruption-free service to our valued customers of in that market," executive director Murali Ramaswami, said in a statement.
Allahabad Bank cuts MCLR by 5 bps
The benchmark one-year Marginal Cost of Fund based Lending Rate (MCLR) has come down to 8.30 per cent from 8.35 per cent earlier, the bank said in a regulatory filing.
RBI has not put banks on alert: Shaktikanta Das
RBI Governor Shaktikanta Das was in the city to attend a central board meeting. He also met Chief Minister Naveen Patnaik in the state capital.
Share market update: Corporation Bank, UCO Bank among top gainers on BSE
Among the 50 components in the Nifty index, 44 shares were trading in the green, while 6 were in the red.
SoftBank-backed Paytm raises $660 million
This is part of SoftBank-backed Paytm's $1 billion fund raising last month from the Japanese tech investment giant and other backers such as Ant Financial and T Rowe Price Associates, which valued the company at $16 billion.
Stocks in the news: YES Bank, Bharti Airtel, Infosys, L&T, IDBI Bank and TCS
Here are a few stocks that may buzz during the day.
Sebi rejects lenders’ plea on client shares pledged by Karvy
HDFC Bank, IndusInd, ICICI and Bajaj Fin had sought return of shares pledged by Karvy.
Deutsche Bank considers cutting bonus pool by as much as 20%
Germany’s largest lender may reduce discretionary compensation by as much as 20%, outpacing a 5% decline in the bank’s workforce this year, according to people with knowledge of the matter. Sewing and the board still haven’t made a final decision since the fourth quarter isn’t yet over, the people said.
Share market update: Bank shares gain; Yes Bank jumps 5%
The Nifty Bank index was trading 0.55 per cent up at 31,427.20.
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