Private bank

Private banks are banks owned by either an individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, the creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets.

These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672.

There were many private banks in Europe, but most have now become incorporated companies, so the term is rarely true any more. Today, the term "private bank" can also refer to the financial institution specializing in financial advice and services for high-net-worth individuals (private banking).

"Private banks" can also refer to non-government owned banks in general, in contrast to government-owned (or nationalized) banks, which were prevalent in communist, socialist and some social democratic states in the 20th century.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Private_bank

Latest News for: Private bank

Stock market update: Axis Bank, Kotak Mahindra Bank keep Nifty Private Bank index up

The Economic Times 19 Sep 2018

The Nifty Private Bank index was trading 0.52 per cent up at 15,183 around 10.35 am ... ....

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BoB chief may not be able to drive merger

The Times of India 19 Sep 2018

“The government has left the top post at Dena Bank vacant for the last few months ... Vijaya Bank MD R A Sankara Narayanan ... It is not clear if the finance ministry plans to invite applications from the private sector for the new entity that will be the country’s third largest bank ... and Dena Bank....

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Bank of Baroda chief may not be able to drive merger

The Times of India 19 Sep 2018

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Unfavorable policies, external factors have created problems for private sector

China Daily 19 Sep 2018

... enterprises and an apparent decline of private businesses ... It remains difficult and expensive for private businesses to borrow money from banks, most of which are State-owned. That the authorities have tightened their control over shadow banking has further raised private enterprises' financing costs, resulting in the breaking of their capital chain....

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Govt borrows Rs1.27tr from SBP

Dawn 19 Sep 2018

The government borrowed Rs1.276 trillion from the State Bank of ... The central bank on Tuesday reported that during the first quarter of 2018-19, the government retired Rs1.202tr debt of commercial banks to keep them liquid to make financing available for the private sector....

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Govt borrows Rs1.27 trillion from SBP

Dawn 19 Sep 2018

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Baring PE Asia in talks to acquire 26% stake in Lakshmi Vilas Bank

Live Mint 19 Sep 2018

Lakshmi Vilas Bank is keen on selling up to 51% stake if the Reserve Bank of India permits, but bad loans seen clouding a potential deal ... Baring Private Equity Asia is in talks with Lakshmi Vilas Bank to buy at least a 26% stake in the Chennai-based private lender, said two people close to the development ... “The bank has been in talks with both BPE Asia and another strategic firm....

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Shipping investment trust seeks London IPO

Splash24/7 19 Sep 2018

An investment trust lending to privately-owned shipping companies has set out its stall for a London IPO ... ship finance banks since the global financial crisis ... As a non-bank lender, we can construct our portfolio in a countercyclical manner in the privately-owned segment of the shipping market....

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Deals Buzz: Five bidders including JSW for Usha Martin’s steel business

Live Mint 19 Sep 2018

Private equity majors TPG, ChrysCapital, Creador Capital and Goldman Sachs are vying to invest up to ₹600 crore for a significant minority stake in Jaipur-based Ess Kay Fincorp Ltd, Mint reported ... Baring PE in talks to buy 26% stake in Lakshmi Vilas Bank. Baring Private Equity Asia is in talks with Lakshmi Vilas Bank to buy at least a 26% stake in the Chennai-based private lender, Mint reported....

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Bank of Baroda, Dena Bank, Vijaya Bank merger to rival State Bank of India in Gujarat

DNA India 19 Sep 2018

The merger of Bank of Baroda (BoB), Dena Bank and Vijaya Bank will create the largest banking entity in Gujarat, and will challenge the market leader State Bank of India (SBI) in the state ... Both banks put together have more branches than any other bank in the state ... Moreover, Dena Bank is the 'Lead Bank' in the state, meaning that it coordinates the banking activity of all nationalised, private and cooperative banks in Gujarat....

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Not filed for consent settlement with SEBI: ICICI Bank

Sify 19 Sep 2018

Hours after an official of securities market regulator SEBI said that ICICI Bank has filed for settlement through consent mechanism, the private lender denied filing any such application ... We would like to clarify that we have not filed any application for settlement," ICICI Bank said in a regulatory filing on Tuesday ... The bank on May 30 announced ......

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Stocks in the news: Strides Pharma, Tata Steel, ICICI Bank, Sun Pharma, KIOCL, RITES, Weizmann Forex

Moneycontrol 19 Sep 2018

Strides Pharma, Tata Steel, ICICI Bank, Sun Pharma, KIOCL, RITES, Weizmann Forex ... ICICI Bank ... Bank of Baroda, Idea, Infosys, Avenue Supermarts, GCPL, OBC ... ICRA has assigned the long term rating for the bank limits for its subsidiaries MEP Sanjose Kante Waked Road Private Limited and MEP Sanjose Arawali Kante Road Private Limited.Piramal Enterprises - CARE Rating assigned CARE AA stable rating to NCDs....

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ICICI Bank seeks settlement on Chanda Kochhar issue, says Sebi

DNA India 19 Sep 2018

The Securities and Exchange Board of India (Sebi) on Tuesday said that private lender ICICI Bank has applied for consent plea to settle allegations against its chief executive Chanda Kochhar related to lapses in corporate governance in the Videocon case ... Sebi has earlier issued show cause notice to ICICI Bank, Chanda Kochhar and others after a preliminary probe showed alleged violations of listing disclosure norms....

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