Money & Banking

Indian banks are likely to require at least $15 billion in fresh capital to meet a 10% weighted-average common equity Tier-1 ratio under a moderate stress scenario, says Fitch Ratings.    In a research note, the ratings agency says, "This rises to about $58 billion in a high-stress...
Pramod Mittal, younger brother of global steel magnate Lakshmi N Mittal, is again in the news. Pramod Mittal, one of Britain's wealthiest men who spent £50 million on his daughter's wedding has reportedly been declared bankrupt with debts running to more than £130 million, says a news...
The Supreme Court on Friday declined to entertain pleas seeking anticipatory bail for DHFL promoters Dheeraj Wadhawan and Kapil Wadhawan in a money laundering case of Yes Bank under investigation by the Enforcement Directorate (ED).   A bench of Justices Sanjay Kishan Kaul and B.R....

On 24th June, the Union government issued an ordinance to bring 1,482 urban cooperative banks and 58 multi-state cooperative banks under the direct supervision of the Reserve Bank of India (RBI). This big step takes forward its failed attempt to do this through an amendment to the Banking...
The Central Bureau of Investigation (CBI) filed a charge-sheet against Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance promoters and others in the Rs 3,700 crore fraud case, said an official, here on Thursday.   The charge-sheet, filed before the Special CBI Judge, has...

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