US Senators proposes bill to clamp down on World Bank lending to China
Three Republican Senators have tabled a legislation in the US Senate to prevent World Bank from lending to China on projects that would be used against religious and ethnic minorities.
After Market: Sudden rally in YES Bank, IT bleeds, 16 stocks turn ‘oversold’
BSE benchmark Sensex leaped 169 points to 40,581.
View: Yes Bank needs an arranged match, otherwise it’s No Bank
Is the Reserve Bank of India so distracted fighting other fires that it would rather not have to think about Yes?
Sensex jumps 169 points, Nifty tops 11,950; YES Bank jumps 6%
Sensex rises 169 pts on gains in bank, auto stocks; Nifty tops 11,950; PCJ jumps 12%, YES Bank 6%.Sensex jumps 169 points, Nifty tops 11,950...
SoftBank Vision Fund’s Praveen Akkiraju is stepping down
SoftBank has raised roughly $2 billion for its second Vision Fund so it can start making new investments, people familiar with the matter said last month. Akkiraju’s departure follows the resignation of London-based Vision Fund partner David Thevenon.
Buy City Union Bank, price target Rs 242: Jayesh Bhanushali
The analyst suggested a stoploss at Rs 228.
Share market update: PSU bank shares rise; Canara Bank gains 1%
The Nifty PSU Bank index was trading 0.43 per cent up at 2429.15 .
Ujjivan stock a little overvalued, should settle at Rs 52-55: Siddharth Purohit, SMC Global
The business model of the small finance banks is evolving and is fairly strong.
Stock market update: Private banks edge higher; City Union Bank gains 2%
The Nifty Private Bank index was trading 0.31 per cent up at 17,291.1.
Stocks in the news: Federal Bank, PNB Housing, ITC, Bharti Airtel and Ujjivan SFB
PNB Housing Finance said its exposure to the Omaxe group stood at over Rs 456 crore
Stocks in the news: YES Bank, Bharti Airtel, Dish TV, Tata Motors and IDBI Bank
Concor said L & L Partners has been appointed as legal advisor for divestment of the firm
Bank auditors have to be more vigilant
Under the new framework, statutory auditors, in verifying whether an NPA has been correctly identified by the bank, should not confine to the objective tests laid down but “display a greater degree of scepticism and independence” in scrutinising banks’ exposure to big borrowers.
There is no question of SBI helping out YES Bank: CFO
Any talk about SBI helping out YES Bank is just speculation. There is no truth in any of these talks. Any reluctance on the part of the bankers to lend has more to do with demand. Bankers are becoming more risk conscious, not risk averse. The way things are happening, gradually we are becoming more cautious about understanding the risk.
We are overwhelmed and surprised by market response: Nitin Chugh, Ujjivan SFB
Ujjivan SFB has not seen rural slowdown as microfinance itself is insular to economic cycles.
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