IDBI Bank to raise up to Rs 5,000 crore

Mumbai-based public sector lender IDBI Bank is seeking shareholders’ nod to raise equity capital of up to Rs 5,000 crore through various routes, including qualified institutional placement (QIP), to meet capital adequacy norms. In addition, the ailing bank will tap market to raise up to Rs 5,000 crore through infrastructure bonds and basel-III-compliant additional tier-I… Continue reading IDBI Bank to raise up to Rs 5,000 crore

Bandhan Bank to open 160 branches more

Bandhan Bank is targetting to open another 160 branches to reach the 1000-mark by the end of this financial year, Managing Director and Chief Executive Officer of Bandhan bank Chandra Shekhar Ghosh said on Sunday. “We are planning to open more branches at different locations and reach the 1000-mark by the end of this financial… Continue reading Bandhan Bank to open 160 branches more

Deutsche Bank to restructure corporate, investment banking

Deutsche Bank is creating a new combined debt, equity and leveraged capital markets business within the investment bank as it focuses on corporate clients, according to a copy of a memo seen by Bloomberg. The bank also detailed the division of responsibilities between Marcus Schenck and Garth Ritchie, co-heads of the newly-combined investment banking and… Continue reading Deutsche Bank to restructure corporate, investment banking

RBI policy a positive surprise for housing finance cos; expect rate cuts

Financial News : While the Reserve Bank of India (RBI) kept policy rates unchanged in the second bi-monthly policy of this financial year, a key positive was reduction in risk weights assigned to home loans lent on or after June 7. Risk weights help banks and non-banking financial companies (NBFCs) to assess the risk associated… Continue reading RBI policy a positive surprise for housing finance cos; expect rate cuts