Will PNB acquire beleaguered Lakshmi Vilas Bank?

PNB has rich experience in the integration of commercial banks. The Reserve Bank of India (RBI) is learnt to have told state-owned Punjab National Bank to get ready to take over Lakshmi Vilas Bank......

Anil Ambani appears before ED in Yes Bank case

Reliance Group chairman Anil Ambani was questioned by the Enforcement Directorate for about nine hours on Thursday in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor......

Businessmen Subhash Chandra, Naresh Goyal summoned in Yes Bank case

The Enforcement Directorate has summoned top corporate honchos, including Essel Group promoter Subhash Chandra, Jet Airways founder Naresh Goyal and Indiabulls chairman Sameer Gehlaut, to appear......

RBI asks NBFCs to boost high quality liquid assets

An NBFC must actively manage its collateral positions, differentiating between encumbered and unencumbered assets, and monitor such assets so that they can be mobilised in a timely manner, central......