State Bank of India
Finance
SBI stressed assets specialist set to become first CEO of proposed bad bank
State Bank of India’s (SBI) Padmakumar Madhavan Nair has been appointed as chief executive officer of a bad bank or ......
Infrastructure
European Investment Bank partners SBI to invest in Neev Fund II
European Investment Bank (EIB), in one of its first private equity investments in India, has agreed to pump 100 million ......
Manufacturing
Mumbai-based ARC partners local investor to acquire stressed Odisha steel plant
A Mumbai-based asset reconstruction company (ARC), along with a local investor, has bought a stressed Kolkata-based firm that owns a ......
Finance
Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year
In early March, three weeks before most of India went into a lockdown to fight the coronavirus pandemic, the Reserve ......
Finance
SBI-backed Neev Fund tops up first private equity vehicle
Private equity investor Neev Fund, floated by State Bank of India in partnership with the UK’s Department for International Development, ......
Finance
Yes Bank CEO on tackling NPAs, reviving loan growth and more
On March 5, Prashant Kumar, then the finance chief of State Bank of India, was tasked with leading troubled lender ......
Markets
Sensex, Nifty hit new record; Lakshmi Vilas Bank sinks 20%
Indian shares reversed course to close at a record high on Wednesday, as a rally in automotive and banking shares ......
Finance
Neev Fund inches closer to making first close of new PE vehicle
Private equity investor Neev Fund is looking to make the first close of its second investment vehicle within two months, ......
Finance
India Inc reins in FY20 ad costs even as some ramp up in pre-Covid days
Corporate India curbed advertising expenses for 2019-20 even before the slowing economy took a turn for the worse at the ......
TMT
WhatsApp starts payments service in challenge to Paytm, PhonePe
Facebook Inc’s WhatsApp will start its payments service in India on Friday, the messaging app said in a blog post, ......
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