RBI May Relax Rules for Foreign Ownership in Indian BanksÂ
India’s central bank for finance, the Reserve Bank of India, is preparing to update rules so that foreign banks can own more of India’s banks. This move is driven by overseas interest in acquisitions and the economy’s need for long-term capital. Last month, the Reserve Bank of India (RBI) relaxed rules for Japan’s Sumitomo Mitsui…
Sumit
YES Bank Re-enters The Top 100 Most Valued Firms List
YES Bank re-entered the top 100 most valued companies list in terms of market capitalisation (market-cap). It is because the stock of private sector lenders zoomed 30% in the past three days after the Reserve Bank of India (RBI) agreed to raise capital from funds affiliated with global private equity investors Carlyle and Advent International. …
Shipra Prajapati