State Bank of India
Finance
SBI gets new head to wrestle down bad loans worth $17.5 bn
India’s largest lender State Bank of India (SBI) has appointed a new managing director (MD) to manage down gross non-performing...
Manufacturing
Shree Renuka Sugars makes final stab at debt, hopes to shake off NPA image at last
Shree Renuka Sugars, one of the top three sugar makers in India that has been working to shed its non-performing ......
General
Grapevine: Times Group to sell minority stake in web arm; T Rowe to up UTI Trustee holding
US asset manager T Rowe Price is looking to increase its stake from 26% to 51% in UTI Trustee Company ......
Finance
Carlyle-backed PNB Housing taps another SBI veteran to be CEO
PNB Housing Finance Ltd, which is part-owned by private equity firm Carlyle, has appointed a former head of SBI Cards ......
Finance
Not right to drag all distressed companies into insolvency: SBI MD
Indian banks and financial regulators should look for solutions outside the bankruptcy law to deal with stressed assets that will...
Finance
Warburg Pincus-backed SBI General Insurance gets new CEO
SBI General Insurance Company Ltd, which counts private equity firm Warburg Pincus as an investor, has elevated its deputy chief...
Finance
State Bank of India veteran to take over as SBI Card CEO
SBI Cards & Payments Services Ltd has appointed Ashwini Kumar Tewari as its managing director and chief executive officer,...
Manufacturing
Once-iconic textile firm enters bankruptcy to weave its way out of crisis
A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset...
Markets
Nifty, Sensex rise as Reliance rallies; inflation data awaited
Indian shares ended higher on Monday, led by a rally in Reliance Industries, ahead of June's inflation data which investors...
Finance
PNB reports $491 mn Dewan Housing loans as fraud
Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion...
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