Kapoor was reluctant to heed their request saying that Shagun didn’t have the necessary board experience. This tug of war continued for several years. Finally, in April 2019, the two promoters — the Kapurs and Kapoor — buried the hatchet and appointed Shagun on the board of Yes Bank. In March this year, Madhu Kapur sold 2.5 crores in the bank for Rs161 crore at Rs 65 apiece. Kapur couldn’t have sold more than 25 percent of her holding as the RBI’s three-year lock-in for investors kicked in. … [Read more...] about End of an era as Kapurs step down as Yes Bank promoters
Higher treasury income (stake sale of Yes bank) and NIM expansion led to strong 29% sequential growth in Federal Bank’s Q4 operating profits. Higher provisions (incl. `930m Covid-related) led to a ~32% q/q decline in earnings. Asset quality and PCR improved. Ahead, higher build-up of stress would keep credit cost high and profitability subdued in the medium term. … [Read more...] about Buy Federal Bank target of Rs 55: Anand Rathi
A bond exchange-traded fund (ETF) is a type of ETF that exclusively invests in bonds/ a basket of bonds in the underlying index. It can invest in the government, corporate, or public sector unit bonds.Why should I invest in Bharat Bond ETF?A. It offers multiple benefits to conservative debt-fund investors who wish to save for the long term. It has a relatively high-quality portfolio of select public sector companies, it is cheaper with extremely low expense ratio and it offers a tax-efficient return compared to other options such as bank fixed deposits. … [Read more...] about Bharat Bond ETF second tranche to launch in July: All your questions answered
For India, experts have said, banking on Herd Immunity is a “terrible idea”. While speaking to former Congress chief Rahul Gandhi, Director of Harvard Global Health Institute Ashish Jha said, “We are finding that even healthy and young people are getting very ill. We can’t be cavalier about this. We have to protect these people. Herd Immunity in India is a terrible idea as millions will die, even young people.” … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
UCO Bank reduces repo-based lending rate by 40 bps Indian carriers in 'survival' mode, need sustainable revival: IATA CEO Alexandre de Juniac Coronavirus wrap May 29: Jharkhand airlifts migrant workers from Leh; India's COVID-19 death toll surpasses that of China … [Read more...] about Spoke to Aviation Minister, told him more time needed to resume flights: Maharashtra CM Thackeray