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Sensex, Nifty slump for second week as Yes Bank woes drag financial stocks down

Markets

Sensex, Nifty slump for second week as Yes Bank woes drag financial stocks down

Indian stocks slumped on Friday with banks and non-bank companies dropping after the Reserve Bank of...

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

Manufacturing

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

The distressed assets fund of Kotak Investment Advisors announced its debut deal with a Rs 500 crore...

Grapevine: China Mobile in talks for India cloud network; Allahabad Bank to part-exit JV

General

Grapevine: China Mobile in talks for India cloud network; Allahabad Bank to part-exit JV

China Mobile has held early-stage talks with telecom service providers Bharti Airtel Ltd and ...

Why India's $86-bn bank rescue effort isn't enough to ease the distress

Finance

Why India's $86-bn bank rescue effort isn't enough to ease the distress

It may not be quite a bottomless pit but the Indian government’s repeated injections of funds into...

Allahabad Bank reports SEL Manufacturing's $100 mn fraud

Finance

Allahabad Bank reports SEL Manufacturing's $100 mn fraud

Allahabad Bank Ltd on Wednesday reported a 6.89 billion rupees ($100.1 million) fraud related to ...

Punjab & Sind Bank reports fraud in Bhushan Power account

Finance

Punjab & Sind Bank reports fraud in Bhushan Power account

India’s Punjab & Sind Bank (PSB) said on Wednesday it has reported a 2.38 billion rupee ($34.58 ...

Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel

Finance

Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel

India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major ...

PNB may take control of two-three smaller state-run banks

Finance

PNB may take control of two-three smaller state-run banks

Punjab National Bank could take control of two-to-three small state-run banks, which could include ...

RBI lifts lending curbs on Allahabad Bank, two other lenders

Finance

RBI lifts lending curbs on Allahabad Bank, two other lenders

The Reserve Bank of India (RBI) lifted regulatory constraints on three banks on Tuesday after they ...

Government to inject $3.4 bn into state-run banks

General

Government to inject $3.4 bn into state-run banks

The government said on Tuesday it is infusing Rs 22,915 crore ($3.4 billion) in 13 state-run banks ...