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Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in

Finance

13 March, 2020

Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in

The Union Cabinet has approved a reconstruction plan for Yes Bank, finance minister Nirmala Sitharaman said on Friday...

Grapevine: 4 banks, others to Yes Bank rescue; Walmart India insider to be CEO

General

13 March, 2020

Grapevine: 4 banks, others to Yes Bank rescue; Walmart India insider to be CEO

State Bank of India or SBI will be joined by private-sector lenders ICICI Bank, HDFC Bank, Axis Bank and Kotak ......

Premium
Max Group's share swap deal with Japanese insurer back on the table

Finance

28 February, 2020

Max Group's share swap deal with Japanese insurer back on the table

Analjit Singh-led Max Group has revived a share swap deal with Japanese insurer Mitsui Sumitomo Insurance Company Ltd, less than...

Axis Bank mulls deeper tie-up with Max Life, may hike stake

Finance

21 February, 2020

Axis Bank mulls deeper tie-up with Max Life, may hike stake

Axis Bank, the country’s third-largest private-sector lender, said on Thursday it is exploring a long-term strategic partnership...

Grapevine: Apax, others eye CSS Corp; Adani may infuse funds in Simplex Infra

General

20 February, 2020

Grapevine: Apax, others eye CSS Corp; Adani may infuse funds in Simplex Infra

Private equity funds including Apax Partners and Kedaara Capital are in early discussions to acquire US-headquartered IT company...

Axis Bank elevates Talgeri to chief risk officer, ropes in AIA exec

Finance

31 December, 2019

Axis Bank elevates Talgeri to chief risk officer, ropes in AIA exec

India's third-largest private sector lender Axis Bank has strengthened its senior management through appointments of key personnel...

Nifty, Sensex rise nearly 1%; state-run banks gain

Markets

27 December, 2019

Nifty, Sensex rise nearly 1%; state-run banks gain

Indian shares snapped a three-day losing streak to close around 1% higher on Friday as state-run banks surged, while strength...

Piramal Enterprises hires Axis Bank exec to head consumer finance business

Finance

20 December, 2019

Piramal Enterprises hires Axis Bank exec to head consumer finance business

Billionaire Ajay Piramal-led Piramal Enterprises Ltd has appointed Axis Bank finance chief Jairam Sridharan as the CEO of its...

Nifty, Sensex post best week in six as risk sentiment rises

Markets

13 December, 2019

Nifty, Sensex post best week in six as risk sentiment rises

Indian shares ended about 1% higher on Friday, as prospects of a trade deal between the United States and China ......

Premium
How RBI's new norms for ARCs may affect the bad-loan market

Finance

09 December, 2019

How RBI's new norms for ARCs may affect the bad-loan market

The Reserve Bank of India’s tightening of norms for asset reconstruction companies (ARCs) to buy bad loans may lead to ......

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