State Bank of India
Finance
Bank of America seals its biggest distressed asset deal in India
Bank of America has sealed its biggest deal in India's stressed assets segment, with the investment banking giant buying bad ......
General
Etihad asks SBI to acquire Jet stake; PE firms look to buy Dewan Housing's bonds
Abu Dhabi-based Etihad has asked State Bank of India to purchase its 24% stake in cash-strapped Jet Airways, compounding the ......
Infrastructure
Government asks banks to save Jet Airways, avoid bankruptcy
India’s government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister ......
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 ......
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