State-Owned Lender’s Shares Soar 15% on Exiting RBI’s Strict PCA Framework

By Malvika Gurung — Shares of the state-owned lender Central Bank of India (NS:) jumped 8.35% at the time of writing, after soaring over 15% to Rs 23.4 apiece in early trade on Wednesday, nearing its 52-week high of Rs 25.15 apiece achieved on Sept 30, 2021. The banking stock shot up as the Reserve … Read more

Lenders set to reject DB Realty’s One Time Settlement plan for RCFL (Ld)

Mumbai, Sep 13 (IANS) The ICA lenders of Reliance (NS:) Commercial Finance Ltd. (RCFL) are meeting on Tuesday to consider the recent Supreme Court order dated August 30 that had given the go-ahead for the Resolution Plan of RCFL. The 18 lenders led by the Bank of Baroda (NS:) will also be discussing the One … Read more