This move poses challenges to deal with potential impacts on capital adequacy ratios, increased borrowing costs and constrained growth rates
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The acquisition process had IIHL emerge as the top bidder, offering Rs 9,650 crore in the second round of auctions concluded in April
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The company still continues to offer financing to new as well as existing customers at official stores in the normal course of business functioning
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The Reserve Bank of India has opted to raise the risk weight on banks' exposure to consumer credit, credit card receivables and non-banking finance companies
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The board of directors at their meeting on Friday have approved to appoint Vaswani as a Director and Managing Director and CEO and a Key Managerial Personnel of the bank. The tenure will be of three years with effect from 1 January 2024, Kotak Mahindra Bank said.
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Expert anticipates derating in smaller PSBs due to transient surge in other income in FY23
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The government, holding a majority stake of 45 per cent in IDBI Bank, and life insurance giant LIC, with a 49.24 per cent share, have collaboratively agreed to divest a 60.7 per cent stake in the bank
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Lenders will have to keep more capital aside for the money lent after the increase in capital requirement
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