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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The bank’s retail business continues to rack up losses. Worse, the current leadership is in a limbo and doing nothing about it.
In April, we had written about big changes at Yes Bank to fix its retail banking woes. That was important because even though retail banking was once seen as the mainstay of the bank’s revival, it was corporate banking that was doing all the heavy lifting. Nearly six months since then, there is little by way of good news.
Losses at Yes Bank’s retail banking arm have come down a tad quarter-on-quarter, from Rs 765 crore to Rs 668 crore in the three months ending 30 June. Also, the bank seems to have made some headway towards rationalizing its overstaffed …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
