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Beena Parmar

IndusInd Bank in race for IL&FS units, to complete Bharat Financial merger soon

Finance

09 January, 2019

IndusInd Bank in race for IL&FS units, to complete Bharat Financial merger soon

IndusInd Bank is still in the running to acquire two units of the debt-strapped Infrastructure Leasing and Financial Services...

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Gruh deal will help increase secured loan book: Bandhan Bank CEO

Finance

08 January, 2019

Gruh deal will help increase secured loan book: Bandhan Bank CEO

In April 2014, Chandra Shekhar Ghosh managed to get what many bigger businessman couldn't--a banking licence. Bandhan Bank, the microlender-turned-bank, ......

GIC-backed Bandhan Bank to acquire Gruh Finance in share-swap deal

Finance

07 January, 2019

GIC-backed Bandhan Bank to acquire Gruh Finance in share-swap deal

Bandhan Bank Ltd has agreed to acquire mortgage lender Gruh Finance Ltd in a share-swap transaction to boost its housing ......

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Vijaya Bank CEO on challenges, benefits of merger with Bank of Baroda, Dena Bank

Finance

07 January, 2019

Vijaya Bank CEO on challenges, benefits of merger with Bank of Baroda, Dena Bank

In September last year, the government decided to merge state-run lenders Bank of Baroda, Dena Bank and Vijaya Bank as ......

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SIDBI's venture capital arm sets the ball rolling for eighth fund

Finance

04 January, 2019

SIDBI's venture capital arm sets the ball rolling for eighth fund

The venture capital arm of state-run Small Industries Development Bank of India (SIDBI) has kick-started the process of raising...

Banks likely to recover bad loans worth $10 bn by March-end: Finance minister

Economy

03 January, 2019

Banks likely to recover bad loans worth $10 bn by March-end: Finance minister

India's Finance Minister Arun Jaitley said on Thursday commercial banks were likely to recover 700 billion rupees ($9.95 billion)...

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Edelweiss ARC ups target for snapping up stressed loans

Finance

03 January, 2019

Edelweiss ARC ups target for snapping up stressed loans

The asset reconstruction arm of the Edelweiss Group has increased its target for investments in stressed assets for the current...

NCLT allows govt to reopen books of IL&FS group

Finance

02 January, 2019

NCLT allows govt to reopen books of IL&FS group

The National Company Law Tribunal (NCLT) has taken the unprecedented step of allowing the government to reopen and recast the...

IL&FS puts six properties on the block in bid to pare debt

Finance

31 December, 2018

IL&FS puts six properties on the block in bid to pare debt

Infrastructure Leasing and Financial Services (IL&FS) has invited bids for six of the group's properties amid continuing...

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Flashback 2018: Stressed assets pain eases as bad loan clean-up gains momentum

Finance

26 December, 2018

Flashback 2018: Stressed assets pain eases as bad loan clean-up gains momentum

Two years ago, in December 2016, the Insolvency and Bankruptcy Code (IBC) came into effect. While the new bankruptcy law ......