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About 13 results for "foreign lender rsquo"

Banks' deposit base to take Rs 1.5-2 lakh cr hit
Rediff.com

Banks' deposit base to take Rs 1.5-2 lakh cr hit

2013 foreign currency non-resident deposits to mature in Sep-Nov Indian banks are staring at a deposit erosion of Rs 1.5-2 lakh crore between September and November as foreign currency non-resident deposits (FCNR) mobilised in 2013 mature around that time. This could result in an acute liquidity shortage and a possible de-growth of balance sheets. At the deposit growth rate now, banks mobilise roughly Rs 2.4 lakh crore of deposits in three months. To maintain the same growth, banks will have ... Rediff.com, 1 month ago
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5,275 wilful defaulters (+ Mallya) owe banks Rs 56,621 crore

India’s five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles Bangalore: Liquor baron Vijay Mallya (60) and his Rs 7,000-crore (Rs 70 billion) default occupy headlines, but there are 5,275 other “wilful defaulters” - together, they owe India’s banks Rs 56,521 crore ($83.9 billion), according to the Credit Information Bureau ...
 Rediff.com1 month ago
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Europe bond crisis casts shadow on Indian banks

  Raising Tier-1 capital may be difficult because of CoCo bond trouble Europe’s bubbling crisis on contingent convertibles, or CoCo bonds, is bad news for Indian banks as poorly rated lenders can well shelve their plans for tapping the international markets to raise capital. The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital. These are bonds that convert to equity when a specified event, such as the stock price of the company exceeding ...
 Rediff.com2 months ago
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Markets settle at CY 2016 high; Fed outcome, April expiry eyed

  Sensex and Nifty finished the session at 2016 closing high on sustained buying interest amid rise in crude oil prices and appreciating rupee. Meanwhile, investors are keenly awaiting policy decision from the US Federal Reserve later today and the expiry of April derivative contracts on Thursday. The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points to close at 7,980. Chandan Taparia, Derivative Analyst at Anand Rathi says “Nifty levels is ...
 Rediff.com2 days ago
Rediff.com

SC directs Mallya to furnish details of all assets

The Supreme Court on Tuesday directed Vijay Mallya and family members to furnish details of all assets in India and abroad to the banks in a sealed cover. The Supreme Court on Tuesday dismissed beleaguered Vijay Mallya's prayer for protection from disclosure of his assets and those of his family, in India and abroad, to Kingfisher Airlines' lenders, saying "no tangible" grounds have been raised to maintain secrecy of information. "We don't find any tangible objection in disclosing ...
 Rediff.com3 days ago
Rediff.com

StanChart looks to shed $1.4-billion loans in India

  Standard Chartered is looking to shed stressed loans worth $1.4 billion (Rs 9,284 crore) made to Indian firms, including the GMR group, to revamp its asset book. According to Bloomberg, the bank is seeking to sell at least $4.4 billion of assets in Asia as it pares its balance sheet after booking record impairments. Assets that are on the block include loans, proprietary bond and equity investments in China, Indonesia and Malaysia. Chief Executive Officer Bill Winters has pledged to ...
 Rediff.com2 weeks ago
Rediff.com

Markets end in red dragged by heavyweights; HDFC dips 3%

Benchmark shares indices ended lower on Thursday as investors booked profits ahead of the fourth quarter earnings dragged by index heavyweights with HDFC declining the most. The S&P BSE Sensex ended down 215 points at 24,685 and the Nifty50 settled 68 points lower at 7,546. In the broader market, the BSE Midcap and Smallcap indices ended with marginal losses. Market breadth ended weak with 1337 losers and 1148 gainers on the BSE. "Profit booking is seen at higher levels and foreign ...
 Rediff.com3 weeks ago
Rediff.com

Sensex, Nifty jump over 1%; post third weekly gain

The S&P BSE Sensex gained 275 points to end at 24,953 and the Nifty50 climbed 92 points to close at 7,604.  Markets finished the session on a firm note as pace of foreign buying into beaten down bluechips helped benchmark indices to register gains for the third straight week.  Meanwhile, rise in crude oil price and rally in global equities also aided sentiment. The S&P BSE Sensex gained 275 points to end at 24,953 and the Nifty50 climbed 92 points to close at 7,604. Nifty ...
 Rediff.com1 month ago Markets end flat after Fed-led rally loses steam  Rediff.com1 month ago Sensex, Nifty edge higher; post best weekly gain since October  Rediff.com2 months ago
Rediff.com

Pak, Iran banks queue up to open branches in India

  Two banks from Pakistan, MCB Bank and United Bank, have sent proposals to the Reserve Bank of India for opening branches in the country. Three Iranian banks, Bank Pasargad, Saman Bank and Parsian Bank, are also in queue, according to information made available to the Rajya Sabha. Bank executives said bilateral trade was of interest for these banks to have a presence in India. In the case of Iran, the lifting of sanctions has paved the way for direct relations. Bank of Montreal (Canada), ...
 Rediff.com1 month ago
Rediff.com

3 Budget policies that can revive growth

  Ministries that ask for money have to show that they have shovel-ready projects, notes Abheek Barua How should you assess the quality of the next Union Budget, and give it a score on 10? What would separate a mediocre workman-like Budget (a score of say five) from a truly stellar 'make' rather than 'break' Budget (eight-plus)? Some of my peers seem to have reconciled themselves to a run-of-the mill Budget, high on the 'groan factor', full of minutiae and vague promises but low in terms ...
 Rediff.com2 months ago
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