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Oaktree, Piramal, Adani submit revised bids for DHFL

MUMBAI, Dec. 14 -- In the latest round of bidding for assets of Dewan Housing Finance Corporation Ltd (DHFL) on Monday, three of the four bidders submitted revised offers to acquire the entire busines... Read More


Kotak can't pay dividend on preference shares, says RBI

New Delhi, Dec. 11 -- The Reserve Bank of India (RBI) has barred Kotak Mahindra Bank from paying dividend on perpetual non-cumulative preference shares (PNCPS) worth Rs.500 crore that it sold in 2018 ... Read More


Recovering growth, inflation put rates on hold

MUMBAI, Dec. 11 -- The Reserve Bank of India on Friday, 4 December, pledged to retain an accommodative policy stance well into the next financial year to support a nascent economic recovery. The cent... Read More


RBI asks Kotak Mahindra Bank not to pay dividend on PNCPS

Mumbai, Dec. 10 -- The Reserve Bank of India has restricted Kotak Mahindra Bank from paying dividend on perpetual non-cumulative preference shares (PNCPS) in accordance with its December 4 circular as... Read More


TLTRO extension to stressed sectors unlikely to find takers

New Delhi, Dec. 9 -- The Reserve Bank of India's (RBI's) recent move to extend the on-tap targeted long-term repo operations (TLTRO) to stressed sectors identified by the K.V. Kamath Committee is unli... Read More