IDBI Bank
Finance
From diamond merchants to fish farmers, why is defrauding Indian banks so easy?
Are Indian bankers sloppy? Are they corrupt? Or is it just dumb luck that India’s banking sector is in the ......
Finance
State-run IDBI Bank discloses $119 mn fraud
IDBI Bank Ltd said on Tuesday fraudulent loans of 7.72 billion rupees ($118.8 million) were issued from five of its ......
Economy
Indian govt to inject $14 bn into 20 public sector banks by March-end
India on Wednesday unveiled details of a recapitalisation plan, pledging to inject nearly $14 billion into twenty lenders this fiscal ......
Finance
NSE investors plan off-market share sales on IPO delay
Many shareholders of the National Stock Exchange (NSE) that had planned to offload their stakes in India’s largest equity bourse ......
TMT
GTL may revive asset sale plan as lenders agree to settle debt
Telecom network services provider GTL Ltd may soon be able to sell some assets as part of efforts to clear ......
Infrastructure
Lenders take control of cash-strapped engineering firm Aster
A group of lenders to Aster Pvt. Ltd has taken control of the Hyderabad-based engineering services provider after the company, ......
General
IDBI Bank to sell non-core assets
IDBI Bank Ltd plans to sell some non-core investments, as the state-run lender grapples with bad loans and mounting losses.The ......
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