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Thu, Jan 17 2019. 08 22 PM IST

UCO Bank board approves raising Rs1,000 crore via QIP

UCO Bank board also approved raising Rs500 crore from tier-II bonds

Fri, Jan 18 2019. 12 57 PM IST

IL&FS says unable to meet interest payment obligation

Infrastructure Leasing & Financial Services (IL&FS) and some its group entities in the past few months have defaulted debt repayments, triggering concerns over liquidity in the financial system

Thu, Jan 17 2019. 01 46 PM IST

Edelweiss closes EISAF II fund with $1.3 billion corpus

EISAF II is part of Edelweiss’s alternative assets business, a nine-year-old venture that currently has $3 billion in assets under management

Fri, Jan 18 2019. 08 08 AM IST

Forget privatisation, govt has hugged its banks tighter

Instead of going for bank privatisation, the government—through its mammoth recapitalisation plan—has increased its stake and hence its hold on PSU banks.

Thu, Jan 17 2019. 06 41 PM IST

HC to hear Kotak Bank’s plea on stake dilution in March

Reserve Bank of India has sought more time from Bombay high court to file its reply to the writ petition filed by the Uday Kotak-controlled Kotak Mahindra Bank.

Thu, Jan 17 2019. 07 17 PM IST

IBC Section 29A needs more clarity, says SBI’s Rajnish Kumar

According to SBI chairman Rajnish Kumar, while the intent of IBC Section 29A is very clear that the defaulting promoters should not be in the driver’s seat once again, it has become the most contentious issue

Thu, Jan 17 2019. 09 32 PM IST

CII asks RBI to cut repo rate, cash reserve ratio

CII has also asked for a backstop facility to address liquidity crisis at NBFCs, and relief for MSMEs, besides a refinance facility for mutual funds.

Wed, Jan 16 2019. 06 27 PM IST

Turtlemint raises $25 million from Sequoia, Nexus, others

Mumbai-based startup Turtlemint Insurance provides a tech platform for insurance agents to sell their products

Fri, Jan 11 2019. 10 29 AM IST

Poll sops threaten Modi govt’s plan to curb budget deficits

Moody’s handed India a rare upgrade in 2017, hoping reforms such as GST and the Insolvency and Bankruptcy Code will pay off in the long term

Wed, Jan 16 2019. 06 01 PM IST

Cabinet approves ₹6,000 crore capital infusion in Exim Bank

Union Cabinet also approves an increase in the Exim Bank authorised capital from ₹10,000 crore to ₹20,000 crore

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