Ravneet Gill

Rana Kapoor's wife also charged with abetting crime

Corporate results will continue to pour in throughout the week. Investors will first react to HDFC's and other results that were announced over the weekend

Some aides of Kapoor, former board members may be asked to join probe

Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.

Macquarie Capital Securities also said if State Bank of India (SBI) decided to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired

Sources said the agency might also register a separate case against Rana Kapoor, depending on the outcome of the search operation.

Gill had the unenviable task of steering a troubled entity with legacy issues. But he could have been more proactive

A total of 135 companies are scheduled to announce their December quarter earnings today including Eicher Motors, Hero MotoCorp, Sun Pharma, and RITES

From SC staying NCLAT order on Cyrus Mistry to dipping passenger vehicle sales, read all the top headlines here

Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai

Bank plans to raise $1.75 billion; in talks with five European institutions: Ravneet Gill

The Mumbai-based lender said its board failed to reach a final decision on potential investors at a meeting

Yes Bank Ltd. shares tumbled the most in two months after its board deferred an announcement on new investors, prompting a warning about the risks to the Indian financial system

The board will meet again on Dec. 10 to approve a preferential allotment of shares to investors, none of which will receive more than a 25% stake in the bank.

I think we were in consolidation mode for two quarters; it is important now to get on foot, says Ravneet Singh Gill

The bank is in dire need of capital to not only provide for bad assets but also for growth

We remain focused on our earlier plan to raise $1-1.2 billion, says Ravneet Gill

At more than $200 billion, India's world-beating pile of bad loans is bigger than Italy's

In addition to the tech investor, smaller investors could pump in about $200 million to $250 million, Gill said

We see a lot of opportunities in our corporate finance business, retail bank and transaction bank, says Gill