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About 6 results for "foreign lender rsquo"

'We used Gandhigiri to shame defaulters'
Rediff.com

'We used Gandhigiri to shame defaulters'

‘The major success behind our robust recovery performance has come from our war room.’ ‘It is a small set of six-seven people that monitor (NPA) accounts. They help branches and zones on how to crack an account and follow up.’ ‘It is relentless.’ Illustration: Uttam Ghosh/Rediff.com Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned ... Rediff.com, 1 month ago
Rediff.com

Can India Inc manage its mergers?

It may be the season for corporate matchmaking but India Inc’s record of managing partnerships is far from impressive, says Shailesh Dobhal. Illustration: Uttam Ghosh/Rediff.com. Sniff the air and the spring of corporate partnerships is unmissable. The biggest, of course, is the proposed cashless, all-share equal merger between one of the world’s leading telco’s India operations, Vodafone India, and the Aditya Birla Group firm, Idea Cellular. Then there is the RCom-Aircel ...
 Rediff.com2 months ago
Rediff.com

Nifty ends above 9,500 for the first time, Sensex gains over 250 points

Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals Indian shares continued their record-setting spree, closing all-time highs for the fourth time in five sessions with the Nifty ending above 9,500 level for the first time and the Sensex firmly above 30,500. Investors remained bullish about the prospects of a good monsoon after IMD said rains are expected to arrive on the southern Kerala coast on May 30, two days ahead of the schedule. During the day, ...
 Rediff.com1 week ago
Rediff.com

Vijay Mallya: A man who knows the law too well

Mallya has lived on the edge for long enough to know that his extradition from the UK is not a given, says N Sundaresha Subramanian. Illustration: Dominic Xavier/Rediff.com   His recent arrest in London is not the first time Vijay Mallya has found himself in custody.   Thirty-two years ago, the so-called ‘King of Good Times’ was picked up for allegedly violating the draconian Foreign Exchange Regulation Act. On June 5, 1985, he was picked up at the Bangalore airport (now ...
 Rediff.com3 weeks ago
Rediff.com

Why India's banks are staring at a bleak future

The continuing stress faced by corporate India has weakened its debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans, says Sheetal Agarwal. Illustration: Uttam Ghosh/Rediff.com If one goes by the initial March quarter (fourth or Q4 of 2016-17) results of the relatively stronger pack of individual loan-focused private banks, investors should brace for a weak show from the others. This applies particularly to the corporate-heavy private ones, ICICI and ...
 Rediff.com3 weeks ago
Rediff.com

The road ahead is long and winding

From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions, says Nitin Desai. Illustrations: Dominic Xavier/Rediff.com. The gross domestic product numbers that have come out recently show a continuing decline in the rate of investment, reflected also in the low level of credit growth to industry. Demonetisation may have affected economic activity less than initially forecast. But it may have delayed the investment revival that we so badly ...
 Rediff.com1 month ago
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