Regulators, bankers in a huddle to resolve issue
Grey market premiums have dropped to 10% after last week's market fall.
Things could have been "nipped in the bud" by the RBI if it drew lessons from the bitter past episodes of banks 'covering up' their solvency
Restriction on withdrawal will hit the bank badly
SBI chief asserts private lender's failure could have huge implications for economy, says many co-investors have evinced interest afte reading RBI draft
SBI shall not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital, the country's largest lender said in a statement.
To pick up 49% stake in bank for Rs 2,650 cr; administrator says working to revive bank well before moratorium period ends
Lender mopped up Rs 2,800 crore from the share sale
Kumar, an ex-chief financial officer of SBI, also assured depositors that their money is safe and there is no reason to panic
All that happened in markets today
Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon
Yesterday, the SBI said its board had given in-principle approval to consider an "investment opportunity" in YES Bank although no decision had yet been taken to pick up stake in the bank
Over the past few months, YES Bank has struggled to raise capital - nearly $2 billion - it desperately needs to stay above regulatory requirements
At the top-end, the stock is valued at 46x its earnings for the first nine months of 2019-20.
SBI Cards expects to raise around Rs 10,355 crore through the IPO
Listing gains may be limited, if the issue is subscribed multiple times
The key building blocks of a successful digital transformation include the right organisational vision, creating structures across functions, and a mindset change
The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of 13,05,26,798 equity shares
Unlike others of its kind, the subscription window for the IPO will remain open for 4 days, which will be from March 2 to March 5
Sectors like thermal power, NBFCs and commercial real estate sector are currently facing some stress