YES Bank moratorium ends on March 18
The government notifies reconstruction scheme with wider room for capital, four board members, and conditional lock-in for the existing shareholders.
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Axis Bank, Max Life to explore strategic tie-up
Axis Bank, Max Financial Services and its insurance arm Max Life are exploring an exclusive arrangement for a strategic long-term partnership to unlock value for stakeholders.
Axis Bank Q3 net profit misses estimates
Net profit rose 4.5% to ₹1,757 crore on the back of growth in net interest income. Profit did not meet analysts’ estimates but the bank saw a marginal improvement in asset quality.
Stock watch: Top losers and gainers of 2019
A look at the top value creators and losing stocks from last year.
Smallcase: A new way to invest
Smallcase Technologies is trying to ignite investor interest by offering an alternative to mutual funds. Its run has been good so far. Next? A million-strong investor base by March 2020.
Axis Bank’s 95% profit growth is lacklustre
The private lender’s profit fell 9% over the previous quarter. Its provisions grew by 40.7% and 14.3% on quarterly and annual basis, respectively.
PNB’s road to recovery
A year after it was hit by the biggest banking scandal in the country’s history, PNB chief Sunil Mehta is steering the bank towards financial stability.
Lender disagreement can spook Jet revival
A difference of opinion between the lenders can further queer the pitch for revival of the beleaguered airline.
Winds of change at private sector banks
CEOs of key private banks replaced or retiring over FY19-21; markets watching HDFC Bank, IndusInd with bated breath, says Motilal Oswal report.
KKR appoints Shikha Sharma as advisor
The former managing director and chief executive of Axis Bank will assist KKR’s non-banking financial companies on areas of business growth.
