From Financialexpress · FE Business · · 1m 10s
Google Trend: Top Banks Dominate Search Charts
HDFC Bank, Yes Bank, IDBI Bank and Axis Bank lead Google searches amid leadership changes and court rulings.
In brief
HDFC Bank, Yes Bank, IDBI Bank and Axis Bank lead Google searches amid leadership changes and court rulings. HDFC Bank's new CEO, Yes Bank's bond write-off rejection, and IDBI Bank's foreign acquisition dominate banking sector searches. Originally reported by Financialexpress.
HDFC Bank CEO Appointment
HDFC Bank's Anup Bagchi becomes CEO effective October 27 with a Rs 35.9 crore annual package.
“HDFC Bank has proposed an annual compensation package of Rs 35.9 crore for Bagchi”
Yes Bank Court Ruling
Supreme Court rejects Yes Bank's Rs 8,125 crore bond write-off as illegal.
“We see no reason to interfere with the impugned judgment”
IDBI Bank Acquisition
IDBI Bank to be acquired by Fairfax Financial for Rs 52,878 crore in historic deal.
“The ccea approved m/s 10955230 canada inc as the strategic buyer for this transaction”
Axis Bank Director Change
Axis Bank appoints Ananth Narayan G as independent director effective October 19.
“Naryan will serve for a period of four years, up until october 18, 2030”
HDFC Bank Compensation
HDFC Bank's CEO package includes Rs 8.97 crore fixed pay and Rs 26.92 crore variable pay.
“His package comprises a fixed pay of rs 897 crore and a variable pay of nearly rs 2692 crore”
Yes Bank Share Price Drop
Yes Bank shares plunged 15% after Supreme Court's bond write-off rejection.
“The share price of yes bank plunged nearly 15% on stock exchanges and was treading near its 52-week-low”
IDBI Bank Stake Details
IDBI Bank's 60.72% stake sold to Fairfax for Rs 81 per share above benchmark value.
“The winning bid was offered at rs 81 per share, above the benchmark value of rs 7599”
The big picture
HDFC Bank's new CEO, Yes Bank's bond write-off rejection, and IDBI Bank's foreign acquisition dominate banking sector searches.
