Gopika Gopakumar
Stories by Gopika Gopakumar
Payment banks in India may convert to small finance bank after five years of business
Existing rules do not allow payments banks to lend and deposits are capped at ₹1 lakh per customer.
India: IPO-bound Ujjivan SFB seeks more time to reduce promoter shareholding
The bank will start discussions with the regulator once the listing is over.
Indian media baron Subhash Chandra may lose say in Zee Entertainment
Subhash Chandra’s Essel Group companies hold a 22.37% promoter stake in Zee.
Shriram Capital mulls merger of group firms to give Piramal, TPG an exit
Piramal holds 10% in Shriram City Union while TPG Capital holds a 9% stake in Shriram Capital.
India’s Reliance Capital to exit all lending businesses, says Anil Ambani
Reliance Capital will be a financial shareholder in Reliance Home Finance and Reliance Commercial Finance.
India: Realty financier Altico puts COO in charge to manage affairs
Altico said Sanjeev Agrawal has the full backing of the board of directors.
With stake sales, India’s Yes Bank is now poised for a makeover
The promoters are willing to amend the Article of Association, allowing new shareholders to get a board seat.
India: Shriram Transport set to raise $200m from IFC
The first tranche of $82 million has already been disbursed, of which half is from IFC’s own account.
Etihad, Hinduja unlikely to proceed with plans to resurrect Jet Airways
The income tax department is probing possible tax violations by Jet Airways.
India: Government investigations could derail revival plans of Jet Airways
No investor will be ready to take on past liabilities if investigations are going on, said sources.
