Asian stocks mixed in morning tradeAsian markets outside Japan were trading slightly lower in the morning trade. Manipal further sweetens offer to acquire Fortis hospitalsTPG-backed Manipal Hospitals submitted a revised bid for Fortis Healthcare Ltd, reports Mint. The bank will release its March quarter earnings today. RBI places deposit, lending curbs on Allahabad BankState-owned Allahabad Bank said the Reserve Bank of India (RBI) has asked it to freeze lending after its capital-to-risk weighted assets ratio fell below the mandatory level. Meanwhile, the government initiated the process of removing top bankers, including Allahabad Bank managing director and two executive directors of PNB, charged in the fraud involving jewellers Nirav Modi and Mehul Choksi.

Source: Mint May 15, 2018 02:41 UTC