State Bank of India
Finance
ARCs, stressed asset investors look for deals as banks auction $3.6 bn of bad loans
Asset reconstruction companies (ARCs) and other investors may pursue distressed assets more actively in coming weeks as banks auction more ......
Finance
Crisis-hit Jet Airways' lenders may finalise resolution plan next week
A resolution plan for crisis-hit carrier Jet Airways may be finalised in a week’s time, a senior State Bank of ......
Manufacturing
Debt-laden Garden Silk may draw interest from asset reconstruction firm
Garden Silk Mills Ltd is likely to evince interest from an asset reconstruction company as its biggest lender will soon ......
Infrastructure
Neev Fund backs biomass firm Punjab Renewable Energy Systems
Neev Fund has invested $5 million (Rs 35.4 crore) in biomass company Punjab Renewable Energy Systems Pvt. Ltd, making it ......
Finance
Credit reporting firm Equifax India set to see shareholding churn
US-based consumer credit reporting firm Equifax Inc.’s Indian subsidiary is set to go through a churn in its shareholding with ......
Finance
Why the latest capital infusion into ailing government banks may not help much
On Wednesday, the government approved an infusion of Rs 48,239 crore ($6.8 billion) into 12 state-run banks, as part of ......
Economy
RBI to discuss interest rate pass-through with banks; SBI says no room to cut rates
The Reserve Bank of India (RBI) will talk to lenders later this month about a pass-through on lower policy interest ......
Infrastructure
Jet Airways approves lenders' rescue deal to plug $1.2 bn funding gap
The board of Jet Airways Ltd has approved a plan by its lenders to resolve a near 85 billion rupee ......
General
SBI General Insurance's JV partner to exit; TPG, Manipal Group eye stake in Medanta
Multinational insurer Insurance Australia Group is looking to sell its 26% stake in SBI General Insurance Company Ltd for around ......
Infrastructure
Are power sector lenders seeing light at the end of the stressed assets tunnel?
Until six months ago, the power sector was struggling to find buyers for stressed assets. Now, it is limping ahead ......