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SBI set to invest up to 1,760 cr in YES FPO

Mumbai, July 9 -- India's largest lender State Bank of India on Wednesday said its board has approved an investment of up to 1,760 crore in the follow-on public offering (FPO) of YES Bank. "Pursuant... Read More


SBI to invest up to Rs.1,760 crore in Yes Bank's follow-on offering

New Delhi, July 8 -- India's largest lender State Bank of India on Wednesday said its board has approved an investment of up to Rs.1,760 crore in the upcoming follow-on public offer (FPO) of Yes Bank.... Read More


Outstanding bank loans shrink in June

mumbai, July 8 -- Outstanding bank loans shrank between June 5 and June 19 compared to a growth in the same period a year ago, as loan demand weakened and banks avoided risk, despite a massive loan pa... Read More


Yes Bank says it will raise funds through a follow-on offering

Mumbai, July 7 -- Private sector lender Yes Bank on Tuesday said its board has approved raising of capital through a follow-on public offer (FPO). "We wish to inform you that the capital raising comm... Read More


Private lenders see tepid rise in loans in Q1

MUMBAI, July 7 -- Some of India's private sector lenders have witnessed a tepid rise in loans in the first quarter of FY21 on a sequential basis, with some reporting a decline between the March and th... Read More


Bajaj Finance says it may take more covid-19 provisions

New Delhi, July 6 -- Consumer durables financier Bajaj Finance Ltd on Monday said it may consider additional accelerated provisioning for covid-19 in the first quarter of FY21 to further strengthen it... Read More


Outstanding bank loans shrink in two weeks of June as demand slump continues

Mumbai, July 6 -- Signalling the continuation of risk-aversion by banks along with a lack in credit demand, outstanding bank loans have shrunk between 5 June and 19 June, showed data from the Reserve ... Read More


Edelweiss reports net loss of Rs.2,281.5 crore in Q4 on higher impairments

Mumbai, July 5 -- Edelweiss Financial Services Ltd on Saturday reported a consolidated net loss of Rs.2,281.5 crore in the three months to March 2020, owing to a jump in impairments recorded in the qu... Read More


Wary MSMEs wait for clarity, stay off loans

Mumbai, July 3 -- Doubts about a demand recovery are prompting small businesses to avoid fresh loans despite a governmentguaranteed liquidity programme of '3 trillion, bankers said. Even those micro, ... Read More


HDFC's Deepak Parekh once again pushes for one-time debt recast for developers

MUMBAI, July 3 -- Deepak Parekh, a doyen of India's banking and finance sector, has again suggested that the Reserve Bank of India (RBI) should permit a one-time debt recast of developer loans. In hi... Read More