facebook-page-view
Advertisement

State Bank of India

Premium
ARCs, stressed asset investors look for deals as banks auction $3.6 bn of bad loans

Finance

19 March, 2019

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 ......

Crisis-hit Jet Airways' lenders may finalise resolution plan next week

Finance

15 March, 2019

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 ......

Premium
Debt-laden Garden Silk may draw interest from asset reconstruction firm

Manufacturing

12 March, 2019

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 ......

Neev Fund backs biomass firm Punjab Renewable Energy Systems

Infrastructure

05 March, 2019

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 ......

Premium
Credit reporting firm Equifax India set to see shareholding churn

Finance

22 February, 2019

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 ......

Premium
Why the latest capital infusion into ailing government banks may not help much

Finance

21 February, 2019

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 ......

RBI to discuss interest rate pass-through with banks; SBI says no room to cut rates

Economy

18 February, 2019

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 ......

Jet Airways approves lenders' rescue deal to plug $1.2 bn funding gap

Infrastructure

14 February, 2019

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 ......

SBI General Insurance's JV partner to exit; TPG, Manipal Group eye stake in Medanta

General

13 February, 2019

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 ......

Premium
Are power sector lenders seeing light at the end of the stressed assets tunnel?

Infrastructure

08 February, 2019

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 ......