Search For "lender"
Care revises rating on LVB's commercial papers of Rs 618 crore
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Oct 12 (ANI): Care Ratings has revised the rating of troubled private sector lender Lakshmi Vilas Bank's (LVB's) commercial papers worth Rs 618.7 crore to BB plus with negative outlook from the earlier BBB minus with developing implications.
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IndusInd Bank Q2 profit falls by 3.4 pc q-o-q, NII up by 2.3 pc
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Oct 10 (ANI): Higher provisions and slow net interest income growth pulled down IndusInd Bank's profit by 3.4 per cent sequentially during the July to September quarter, the private sector lender said on Thursday.
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Yes Bank announces two key appointments to augment operations
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Oct 10 (ANI): Private lender Yes Bank on Thursday announced the appointment of Anita Pai as Chief Operating Officer and Jasneet Bachal as Chief Marketing Officer.
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RBI rejects Indiabulls-Lakshmi Vilas Bank merger plan
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra), Oct 10 (ANI): The proposed merger of private sector lender Lakshmi Vilas Bank (LVB) with home financier Indiabulls Housing Finance has failed to get approval from the Reserve Bank of India (RBI).
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RBI initiates prompt corrective action for Lakshmi Vilas Bank after direct
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Sep 28 (ANI): The Reserve Bank of India (RBI) has initiated prompt corrective action for the troubled Lakshmi Vilas Bank (LVB), a day after the private lender said that the Economic Offences Wing of Delhi Police is probing allegations of cheating and criminal
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Axis Bank raises Rs 12,500 crore through QIP
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sep 26 (ANI): Private lender Axis Bank on Thursday announced the opening of its qualified institutions placement (QIP) last week to raise funds to enhance its capital adequacy for its growth strategy and general corporate purposes.
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DHFL to discuss draft resolution plan with bankers
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): Financially-strapped Dewan Housing Finance Corporation (DHFL) will discuss its draft resolution plan at a meeting of lenders on Wednesday.
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SBI announces repo rate as external benchmark for all floating rate loans
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sept 23 (ANI): The country's largest lender State Bank of India (SBI) said on Monday it has decided to adopt repo rate as the external benchmark for all floating rate loans for micro, small and medium enterprises (MSMEs), housing and retail loans.
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Yes Bank tanks by 11 pc after CARE downgrades NCDs of lender's promoter MC
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sep 19 (ANI): Shares of Yes Bank cracked by over 11 per cent on Thursday afternoon after CARE Ratings downgraded ratings of non-convertible debentures of Morgan Credits Pvt Ltd (MCPL), one of the private lender's promoter entities.
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NSE Clearing empanels Federal Bank for accepting e-FDRs
Updated : 6 years, 8 months ago IST
New Delhi [India], Sept 18 (ANI): NSE Clearing Limited has empanelled private lender Federal Bank for submitting fixed deposit receipts in electronic form (e-FDRs) as collateral to clearing and trading members.
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Current slowdown cannot be tackled by monetary policy alone: SBI report
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sep 16 (ANI): The country's largest lender State Bank of India (SBI) said on Monday the contemporary issue for macroeconomists is to exclusively focus on assuring adequate aggregate demand as the current slowdown cannot be tackled by monetary policy in isolation
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Bank of Baroda to consider raising funds via tier 2, AT 1 bonds
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sep 13 (ANI): Public sector lender Bank of Baroda said on Friday its capital raising committee will meet next week to consider raising funds through bonds.
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