AU Small Finance Bank rises 2% on stable asset quality of vehicle financing segment

AU Small Finance Bank rises 2% on stable asset quality of vehicle financing segment

Shares of AU Small Finance Bank gained 1.6 percent intraday on September 18 after brokerage firm Citi said the company has a stable asset quality of vehicle financing segment. The brokerage has maintained buy call on AU Small Finance Bank with a...
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S&P Downgrades Union Bank On Weak Asset Quality

S&P Downgrades Union Bank On Weak Asset Quality

S&P lowered its long-term issuer credit rating on Union Bank of India to ‘BB+’ from ‘BBB-‘. Mumbai: International ratings agency Standard & Poor’s (S&P) on Friday lowered its long-term issuer credit rating on Union Ba...
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Jaypee Hikes Value Of Asset Sale To UltraTech To Rs 16,189 Crore

Jaypee Hikes Value Of Asset Sale To UltraTech To Rs 16,189 Crore

New Delhi: Faced with lenders invoking the strategic debt restructuring (SDR) option, debt-ridden Jaypee Group on Monday hiked the sale value of 21.2 million tonne per annum (MTPA) cement assets to Aditya Birla Group firm UltraTech to Rs 16,189 crore. The...
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