T The FIPB has amended insurance rules that were issued on February 19 and it has now stated that any indirect foreign equity will not be counted for the calculation of ownership. Earlier this year, Kotak's application was rejected twice as FIPB ... Moneycontrol.com, 3 days ago
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A repayment crisis at the Rajasthan state electricity board (SEB) has been temporarily averted after the utility agreed to pay a minimum pending interest to its lenders. The payment of minimum interest will help the Rajasthan SEB escape the bad loan ...Livemint.com, 3 days ago
Excerpts from Bazaar on CNBC-TV18 Watch the full show » F Asked if the idea will work, former SBI chairman Pratip Chaudhury told CNBC-TV18 that picking PSU bank chiefs from private sector banks actually depends on the people overlooking the ...Moneycontrol.com, 2 weeks ago
Public Sector Banks run the risk of vigilance audits. Litigations also make it difficult for banks to take action against erring companies. It may not be easy for banks to take management control of the companies that fail to the adhere ...DNA India, 3 weeks ago
Edelweiss Asset Reconstruction Co. said it saw assets under management jump 50 times to Rs20,000 crore in the fiscal year ended March 2015, up from just Rs400 crore in the fiscal year ended March 2013. Edelweiss Asset Reconstruction Co. Ltd has ...Livemint.com, 3 weeks ago
Asset quality concerns would remain a headache for most banks in the first quarter ending June 2015. Besides the over-leverage and payment delays pushing companies to default, the adverse effect of unseasonal rains and hailstorms on farm loans will ...Business Standard India, 3 weeks ago
In a significant move to provide a more flexible process for lenders to recover bad loans, the Reserve Bank of India (RBI) on Monday allowed banks to acquire 51 per cent or more stake in companies defaulting after restructuring of their loans. The ...Smart Investor, 3 weeks ago
As the Reserve Bank of India (RBI) cut the repo rate by 25 basis points (bps) to 7.25%, in its second bi-monthly review of the monetary policy for the financial year on 2 June, some banks followed by reducing their base rates. State Bank of India ...Livemint.com, 1 month ago Mint, New Delhi, Rajesh Kumar and Vivina Vishwanathan column [Mint, New Delhi] Bloomberg, 1 month ago
WITH a history of two centuries behind it, State Bank of India (SBI) is, as they say, a household name. But most of its millions of customers are probably either elderly or middle-aged. The brand doesn't really resonate too much with the youth.Financial Express, 1 month ago
These days, an early morning email from Shikha Sharma or Aditya Puri extolling the virtues of digital banking are more likely than your boss seeking the work plan for the day. The heads of Axis Bank and HDFC Bank are among those preparing for a ...Economic Times, 1 month ago
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