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Cap on quantum of public deposits unlikely to impact deposit-taking HFCs thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
PSU banks go slow on asset sales, await privatisation list Top Searches PSU banks go slow on asset sales, await privatisation list Mayur Shetty / TNN / Updated: Apr 3, 2021, 16:43 IST FacebookTwitterLinkedinEMail MUMBAI: Public sector banks that were not part of the consolidation process are going slow on their plans to monetise assets as part of their capital-raising efforts. These banks have decided to wait and see whether they are candidates for the government’s privatisation plan before initiating any stake sale. The thinking is that private investors might see more value in a bank that has other businesses that can be grown. Last week, Central Bank of India allowed a deal to sell its housing finance arm Cent Bank Home Finance to fall through by not going ahead with the transaction before the long-stop date of March 31, 2021. ....
1-MIN READ From Coal India to Vodafone Idea, Here are the Top Stocks in Focus Today A man reacts as he looks at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (File photo/Reuters) SGX Nifty was trading at 21.50 points or 0.16 percent higher at 13,775.00 at 7:10 am on Monday, December 28. FOLLOW US ON: SGX Nifty was trading at 21.50 points or 0.16 percent higher at 13,775.00 at 7:10 am on Monday, December 28. This indicates that Nifty50 and Sensex will also trade higher today. A positive start for its Asian peers shows that the Indian market will open higher. ....
Read more about Stocks to watch: Cadila Health, NIIT, BEML, Dish TV, RIL, DLF, Coal India on Business Standard. The board of NIIT has approved buyback of 98.75 lakh equity shares of face value of Rs 2 each. ....
State-owned Central Bank of India will exit housing finance joint venture by selling its entire stake of over 64 per cent to Centrum Housing Finance for Rs 160 crore. This is to inform that the bank has entered into a binding agreement to divest its entire equity stake of 64.40 per cent i.e. 1,61,00,000 shares of face value of Rs 10 each in Cent Bank Home Finance Ltd (CBHFL), to Centrum Housing Finance, subject to approvals from regulatory authorities, Central Bank of India said in a BSE filing. According to a separate filing by Centrum Capital, the parent of Centrum Housing, the cost of acquisition is about Rs 160 crore on cash basis. ....