AU Bank (AU) announced that Temasek, via its wholly-owned subsidiary Camas Investments Pte. Ltd, has invested Rs. 525 Crores towards conversion of their 1,01,04,364 warrants. Pursuant to this conversion Temasek has firmed up their stake at 4.8% in AU Bank. Though the said transaction is part of Temasek’s original commitment in Jun 2018 to invest … Read more
Key announcements… why RBI is keen on small finance banks … and what can be some key questions/ concerns?
This came as a huge relief to more than 82,000 clients of Karvy getting back shares estimated at Rs 2,000 crore. Over last few days, there has been a huge uncertainty around what would happen to the shares fraudulently pledged by Karvy (belonging to its clients) to banks and the finance companies to obtain funds … Read more
The events continue to defy any logic. I continue to look for the answers !
As a past banking sector analyst, I couldn’t stop myself commenting on this. The views are strictly personal. The Reserve Bank of India (RBI) restricted Mumbai based Punjab and Maharashtra Cooperative (PMC) Bank from the close of business on September 23, 2019, for a period of six months. PMC is a large co-operative bank with … Read more
Most discussed topic over the last few days – my takeaways as a stock market participant..
Car sales down, consumers muted, banks struggling, public spending increasing, IT and pharma facing global headwinds. Choice gets more confusing than ever !