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According to people familiar with the development, a meeting between the families was held on Saturday to discuss whether the case could be settled outside court.
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
New Irda rules open the way, with 5 entities getting okay to set up as repositories; firms preparing structures for switch
Commercial papers, certificates of deposit also dry up
Apart from special services from banks for their wealth management needs, HNIs are now getting offers from insurance companies, too.
The foreign lender's profit after tax was Rs 2,960 crore
Entities reluctant to get into new segment till settlement and margin issues are addressed
In a letter addressed to Gogia's mother, Madhu Kapur, who holds a 12 per cent stake in YES Bank, the private lender said its board of directors, after extensive deliberations, had unanimously agreed not to accept her recommendation to appoint her daughter on the board.
In the wake of the natural disaster in Uttarakhand, the proposal for 'catastrophe insurance' is in spotlight.
India's top private banks might soon exit from the gold coin business.
Public general insurance companies to collaborate for speedy settlement of claims
Cyber crimes caused by the insured's employees also get covered under the policy but would exclude the actual perpetrator.
While the court refused to order a stay on the AGM, it directed YES Bank to advance its board meeting by a month to June 27 and consider Gogia's appointment as a director on the bank's board.
Shagun Kapur Gogia might not have convinced her uncle Rana Kapoor, managing director and chief executive of YES Bank, to appoint her as a board member of the bank, but it appears she has successfully carved out her own space in the financial world.
While the rupee depreciation in 2012 persuaded many companies in taking hedges against their foreign currency loans, industry analysts feel it might not be sufficient to counter the swift slide in the value of the local currency.
While new business schools come up, industry experts said the quality issue was crucial for them to survive.
Tata Motors, Mahindra & Mahindra and Bajaj Auto have noted a rise in these incidents.
In the April 2012-February 2013 period, the life sector's industry's new business premium collections fell 6.1 per cent, compared to the corresponding period of the previous financial year.
These companies may recall loans in extreme cases; loan-to-value ratio stands at 60% but scrap value at 75%.
Hongkong and Shanghai Banking Corporation (HSBC) is exploring opportunities beyond metro cities to expand its commercial banking business in India.
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