India's Newest Bank Plans $11.7 Billion Merger to Meet RBI Rules
Newest Indian Bank Plans $11.7 Billion Merger to Meet RBI Rules
The merger is meant to help Bandhan Bank founder and CEO Chandra Shekhar Ghosh comply with the RBI’s ownership rules.
Two Indian Banks Plunge on Terms of Merger With Bank of Baroda
The RBI will allow one-time restructuring of loans to micro, small and medium-sized companies that are in default
United Bank of India First to Announce State Capital Injection
A parliamentary approval to spend an additional Rs 410 billion has been sought.
Spreads on highly rated corporate bonds over government bonds are at their highest in nearly five years.
Top Indian Minister Slams Central Bank on Eve of Board Meeting
Yes Bank’s dollar bonds slid by a record 3.3 cents on the dollar to an all-time low of 88.2 cents as of 12:07 p.m. in Hong Kong.
The Mumbai-based lender has seen a spate of resignations in the past week as it continues its search for a new CEO.
The bank’s shares rose as much as 9.1 percent on Monday, the biggest intraday gain since October 2017.
Visa Among Companies Said to Miss Deadline to Store Indian Data
Change is coming to some of India’s top private banks as regulators shunt aside a previous generation of leaders.
The fastest pace of growth since 2013 at India’s non-bank financiers is about to come to a grinding halt.
The bank was unable to bring down the stake of the lender’s holding company to below 40 percent.
Pratt engine issues add to pressure from oil prices, fare war on IndiGo.
Security Tightened as India Puts Millions at Risk of Deportation
Modi’s ‘Ayushman Bharat’ to take off in August, will insure over half a billion Indians.
Online Bigotry Is Becoming a Risk for India's Biggest Companies
A wave of religious intolerance as India heads toward elections is emerging as a new risk for its biggest companies.