Shayan Ghosh
Stories by Shayan Ghosh
RBI announces merger of Lakshmi Vilas Bank with DBS’s India arm
This is the third bank after PMC, Yes Bank that has been put under a moratorium in recent times.
India: Board approves Lakshmi Vilas Bank’s $68m rights issue
India Opportunities Growth Fund Ltd - Pinewood Strategy (3.74%), and JM Financial Services Ltd (3.88%) are among large investor in Lakshmi.
Lenders to India’s Jet Airways ask bidders to submit final offers by Sept 30
The carrier was admitted to the National Company Law Tribunal (NCLT) in June 2019.
India: Asset reconstruction companies eye stressed loans left out of recast
ARCs expect bad loan sales to rise once banks complete the preparations for the one-time debt recast scheme by 31 December.
India: Lakshmi Vilas Bank says due diligence for Clix Group deal done
The bank has shortlisted three firms for a valuation exercise and is likely to finalise one over the next week.
India: Startups loans get priority lending tag under new central bank guidelines
The revised RBI norms are aimed at boosting credit flow to backward districts.
India: ICICI, HDFC, Axis Bank raise nearly $4.7b via QIP
Investors with a long-term view are betting on sectoral leaders despite headwinds.
India: Moody’s upgrades Yes Bank by a notch after capital raise
The outlook on Yes Bank’s ratings where applicable is changed to stable from positive.
Bandhan Bank holding firm sells 20.95% stake to conform to regulations
The buyers included Singapore’s GIC, an existing Bandhan Bank shareholder, and Temasek.
India: Lakshmi Vilas Bank’s deal with Clix Group delayed due to COVID-19 situation
The bank’s capital adequacy ratio contracted to 0.17 % as of 30 June, against the required 10.875%.
