State Bank of India
Infrastructure
Govt approves $1.4 bn for fund to help stalled housing projects
India’s cabinet has approved 100 billion rupees ($1.4 billion) for a fund to help clear stalled housing projects, Finance Minister ......
Finance
CBI registers 42 new bank fraud cases totalling $1 bn
India’s federal police said on Tuesday that they had registered 42 new cases of bank fraud amounting to about 72 ......
Finance
Why banks are slowing bad-loan sales to asset reconstruction companies
Indian banks have slowed the pace of selling bad loans to asset reconstruction companies (ARCs), as they work on other ......
Markets
Nifty, Sensex close lower for the week
Indian shares eked out minor gains on Friday ahead of a local holiday, as a rally in State Bank of ......
Finance
Some 300,000 employees of state-led banks strike against mergers
Nearly 300,000 employees of Indian state-run banks went on strike on Tuesday against government plans to consolidate the sector through ......
Finance
PremjiInvest, Warburg Pincus to buy IAG's stake in SBI General
Premjilnvest, the family office of Wipro Ltd’s Azim Premji, and private equity firm Warburg Pincus are buying Insurance Australia Group’s ......
General
Grapevine: TPG, others eye Yes Bank stake; UTI AMC's IPO in six months
Yes Bank is in talks with global private equity firms — TPG, The Carlyle Group and Farallon Capital — for ......
Finance
Smaller ARCs chase bulk deals to step up bad-loan purchases
Smaller asset reconstruction companies (ARCs) are stepping up their bad-loan purchases as they consider buying in bulk a pool of ......
Markets
Nifty, Sensex end little changed; Reliance Industries gains
Indian shares ended little changed on Tuesday, as investors paused after a two-session rally and waited for further stimulus from ......
Economy
Govt gives companies $20.5 bn tax break in bid to revive growth
The Indian government on Friday slashed corporate taxes in a bid to pump up the flagging fortunes of the economy, ......
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