CreditAccess Grameen stock has been trading at life-time highs. What according to you has been contributing to the growth of the company and what are the growth drivers going forward? Stock trading is the market’s...
Mega bank consolidation: Meeting April 1 deadline appears challenging
With the deadline of April 1 fast approaching for the mega merger of ten public sector banks, there seems to be more odd in the way of meeting the target date as a series of regulatory approvals and clearances are still...
Central Bank of India plans to exit housing finance subsidiary
State-run Central Bank of India is looking to sell its entire 64.40% stake in its housing finance subsidiary – Cent Bank Home Finance (CBHFL), a top bank official said. The lender has floated a request for proposal...
LIC, IDBI Bank deny reports of merger between LIC Housing Finance and the bank
Life Insurance Corporation of India (LIC) and public sector lender IDBI Bank on Monday denied news reports of merging LIC Housing Finance with the bank. “This refers to the news item published in the Business...
LIC looks to offload IDBI stake ahead of RBI timeline
Life Insurance Corp (LIC) is looking to sell down its 51% stake in IDBI Bank well ahead of the RBI mandated 12 year timeline as it believes that the valuation of the lender could rise with the government’s sale of...
Madura Micro Finance to merge with Credit Access Gramin
Madura Micro Finance Ltd. (MMFL), an unlisted NBFC – MFI (Micro Finance Institution), is going to get amalgamated into Credit Access Grameen Ltd. (CAGL) a listed NBFC-MFI. It is going to be part cash - part stock deal...
Bankruptcy board set to tackle group insolvency
India’s bankruptcy regulator is seeking to amend rules to make the Insolvency and Bankruptcy Code (IBC) suitable for handling group insolvency, with accounts such as VideoconNSE -3.51 %, Sachet Infra and Lavasa...
Adani Capital acquires Essel Finance’s MSME lending business
Adani Capital Pvt. Ltd, the non-banking financial company (NBFC) arm of Adani Group focused on small and micro-entrepreneurs, has acquired Essel Finance’s micro, small and medium enterprises (MSME) loan business...
Change to state land laws may make M&As in IT parks smooth
A recent amendment to Karnataka’s land laws is expected to help developers of technology parks, industrial estates and special economic zones (SEZs) as well as investors as it opens up opportunities in mergers and...
Better Realisation: Eyeing one-time settlement for more IBC cases
State-run lender United Bank of India, which is working on different integration processes as per the schedule for the three-way bank merger, has withdrawn “a couple” of insolvency petitions, which it had filed against...
Essar deal to expedite recoveries: Rajnish Kumar, SBI chairman
State Bank of India is set to get about Rs 12,161 crore as the largest acquisition through the three-year-old Insolvency and Bankruptcy Code (IBC) is completed on Monday. Essar Steel’s sale to the Arcelor Mittal-Nippon...
Allahabad Bank to clean up books before merger
Allahabad Bank Ltd will divest bad loans worth ₹922 crore as the state-run lender strives to clean up its balance sheet ahead of a merger with Indian Bank Ltd. In a public notice on Wednesday, Allahabad Bank said it has...