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About 12 results for "foreign lender rsquo"

SBI to raise global biz share to 25% in 3 years
Rediff.com

SBI to raise global biz share to 25% in 3 years

State Bank of India, the country’s largest lender, has prepared a three-year schedule for raising the share of its international business in the balance sheet to 25 per cent from 18 per cent at present. Chairperson Arundhati Bhattacharya told Business Standard: “International operations should actually give us a risk diversification. "Meaning, it should not be doing only Indian business, sitting at a foreign centre. "Of course, it is our strength and we would continue to do part of ... Rediff.com, 3 weeks ago
Rediff.com

Icra downgrades Jet Airways' loan

Following delays in Jet Airways servicing its interest payments, credit rating agency Icra has downgraded the company’s loans from ‘BB’ to ‘D’ (default grade). The agency has brought the airline’s long-term and short-term loans and fund- and non-fund based limits amounting to Rs 7,460 crore (Rs 74.60 billion) under this rating. Jet Airways has total debt of about Rs 9,800 crore, in rupee and dollar denominations. This includes about Rs 6,000 crore of ...
 Rediff.com1 month ago
Rediff.com

Rajan reiterates hawkish view on price rise

Also says PSU banks divestment to be considered after improvement in governance Inflation in India as measured by the Consumer Price Index (CPI) is off its peak rate of rise but still high due to supply-side rigidities, Citigroup quoted Reserve Bank governor Raghuram Rajan saying so during an investor summit in Boston, USA, on Thursday.“Food inflation is a source of discomfort and given the sub-par monsoon this year, there is a need to keep an eye on it,” it quoted Rajan.The RBI ...
 Rediff.com3 weeks ago
Rediff.com

Going abroad? Don't forget your travel card

Carrying cash or credit cards can be risky when travelling abroad. One always wishes that one could have a safe ‘money carrying’ medium that would provide money in whichever currency you require at the instance. Travel cards fulfill these requirements of yours. What are travel cards? Travel cards are like debits cards-loaded with the currency of your choice or which the lenders offer. You can pay this money at your bank in rupees. These cards can be used to transact all over the ...
 Rediff.com4 weeks ago
Rediff.com

Sensex ends at 2-week low amid weak global cues

Markets extended losses for the third straight session on Friday as investors sold stocks across sectors amid escalating geopolitical tensions in Ukraine and Iraq. The 30-share Sensex slipped 259.87 or 1.02% to end at 25,329.14, hitting a 2-week low. The Sensex had ended at 25,991 on July 28. The 50-share Nifty dipped 80.70 points or 1.06% to close at 7,568.55. The broader markets underperformed benchmark share indices as the BSE Mid-cap and Small-cap tumbled over 2%. Foreign funds were net ...
 Rediff.com1 month ago
Rediff.com

Corporate travel helps GoAir raise revenue

GoAir aimed to grow its revenue by over 36 per cent and carry over 6.7 million passengers in 2014-15 with increased capacity, better loads and improved corporate sales, the airline’s chief executive officer Giorgio De Roni said. The airline made profits in 2013-14, but they were lower than the Rs 104 crore (Rs 1.04 billion) of 2012-13.   GoAir is in talks with foreign airlines for a strategic investment but De Roni said the airline was not under pressure to sign a deal and a ...
 Rediff.com2 months ago
Rediff.com

Markets in the red ahead of July F&O expiry

Markets succumbed to selling pressure in late trades, amid huge volumes, with financial shares leading the decline following the expiry of July derivative contracts. Further, sales by foreign funds also weighed on sentiment. The 30-share Sensex ended 192 points down at 25,895 and the 50-share Nifty closed 70 points lower at 7,721. Volumes were large because of the expiry of July derivative contracts. Total market turnover stood at Rs 6.79 lakh crore, the third highest so far. Foreign investors ...
 Rediff.com2 months ago
Rediff.com

RBI readying exit plan for bankrupt businesses

In the absence of a good bankruptcy code in India, Reserve Bank is working on a system to enable entrepreneurs seeking to exit insolvent business, a top official of the apex bank said. "We have a tendency in India that we do not like failures. “We think everybody should pass and have distinction. “We do not have a culture to accept failures. "How to create that? There is a thinking in Reserve Bank, we have been thinking how to create a system so that people should voluntarily ...
 Rediff.com2 months ago
Rediff.com

How to bring India back on the growth path

As long as mandarins in the finance ministry can restrain their urge to push the Reserve Bank of India into irrelevance, it should be possible for Mr Raghuram Rajan to make the RBI bureaucracy see the merit of rules-based monetary policy, notes Andy Mukherjee In his maiden Budget speech, the new Finance Minister Arun Jaitley asked regulators to ‘take early steps for a vibrant, deep and liquid corporate bond market’. He also said that it was ‘essential’ to have a modern ...
 Rediff.com2 months ago
Rediff.com

Markets end at 5- week low; Broader markets crash

The market exuberance seem to be fading as benchmark indices succumbed to profit taking in select sectors dragging them to five week closing low even as investors sought the safety of defensive shares. Although the Finance Minister in his maiden Union Budget toed a fine line between prudence and promises lack of broader reforms weighed on market sentiment. The S&P BSE Sensex slumped by 348 points or 1.3% at 25,024.35 while the CNX Nifty slipped by 108 points or 1.43% at 7,459.60. The ...
 Rediff.com2 months ago
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