Monday, August 15, 2022
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Cerberus offers to buy ARCION ARC to be eligible bidder for Yes Bank’s NPA pool

Private equity investor Cerberus Capital has offered to acquire ARCION Revitalization Pvt Ltd, an asset reconstruction company (ARC), to be on an equal footing with J. C. Flowers ARC in the race to win the Rs 48,000-crore stressed loan portfolio of , people aware of the development told ET. ARCION

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IFSCA to ensure better access to credit for Indian companies at GIFT City: Chairperson

International Financial Services Centres Authority, the unified regulator for Gujarat GIFT City, is set to supplement the efforts of local regulators to bring back the flow of foreign capital to India. Efforts of the regulator will give Indian companies better access to global capital with nearly two dozen banks,

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Banks raise foreign currency deposit rates in response to RBI relaxation last week

India's top banks including SBI, , and have raised interest rates on foreign currency non-resident deposits. This in response to the Reserve Bank's relaxation last week to shore up forex inflows. The country's largest private sector lender has also revised the rates on foreign currency (non-resident) deposits.

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Loan growth, higher margins, lower costs to drive bank bottom lines in Q1

Indian banks are expected to post strong core earnings growth in the June quarter, with healthy traction in advances, improved margins and decline in credit costs. However, rising yields could result in marked-to-market losses impacting the earnings momentum. Almost all analysts expect credit growth for the banking system will be

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SBI, HDFC Bank, ICICI Bank acquire 9.54% stake each in Perfios Account Aggregation Services

(SBI), HDFC Bank and ICICI Bank on Tuesday acquired a 9.54 per cent stake each in Perfios Account Aggregation Services Private Limited (Perfios AA). These banks acquired 8,05,520 equity shares each by paying Rs 4.03 crore each for the stakes. The lenders bought the shares at a price of Rs

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