MNC required to bring in only 10% of issue value upfront during buyback; domestic currency lost 12% since offer was announced
Anglo-Dutch parent's stake in Indian subsidiary rises from 52.5% to 67.3%.
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.
Reserve Bank of India (RBI) Governor D Subbarao, often criticised for being "behind the curve", took market players and his critics by surprise.
The central bank is of the view that rise in external debt a concern but rating outlook revision reassuring.
India's top private banks might soon exit from the gold coin business.
The sharp fall in rupee since the beginning of May will make things difficult for the central bank which is on the path of easing the monetary policy to revive growth.
Application deadline may be extended but no leeway on priority-sector targets.
RBI Governor D Subbarao says banks' response to RBI's monetary intervention is asymmetric.
Street expects RBI to keep CRR unchanged, opt for open-market operations to ease liquidity
Four days ahead of RBI's monetary policy review, SBI Chairman Pratip Chaudhuri says a cut of one percentage point in CRR will allow the bank to lower lending rates 20 basis points.
Will be the first choice if Naresh Goyal decides to sell stake in future.
Investors might soon get to bet on various versions of the Bombay Stock Exchange's (BSE) benchmark index, the Sensex, and its other key gauges soon.
Most major corporate houses, such as the Tata group, Birla group and Reliance Industries, besides non-banking financial companies like L&T Finance, M&M Financial Services and the Shriram group, are said to be interested in setting up new banks.
The public-sector lenders were yet to get a formal proposal on sale from HSBC.
Reserve Bank of India lens on mutual fund, insurance, gold coin sale by branch's non-sales staff
The Goa villa, Mumbai office could be put on the block.
Aspirants banking on experience and domain knowledge of veterans
The first such interaction would be in Mumbai on Monday.
Banks will ask the banking regulator to defer the higher provisioning norms on standard restructured advances.
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