A majority of India Inc have little expectations from RBI's Q2 monetary policy review on Oct 30 given the macro-fundamentals of the economy.
Crisil has downgraded its ratings on the bank facilities of Lanco Infratech part of the Lanco group to D from BB/Negative/CRISIL A4+’ BB/Negative/CRISIL A4+’.
Yes Bank on Tuesday reported a 30.2% rise in Q2 net profit on the back of growth in loans and fee-based income, meeting market expectations.
Standard Chartered Bank is set to acquire retail assets of Barclays Bank in India and an announcement is expected soon, bankers familiar with the development said.
The economic slowdown has an unintended beneficiary: the retail customer of banks. Suddenly, the salaried man is the new Triple-A for lenders of any hue - be it private or state-run banks.
BNP Paribas and Srei Infrastructure have invested close to Rs. 200 crore of equity in their JV - Srei Equipment Finance (Private) Limited.
The new guidelines would be credit positive for India's banks, but credit negative for group cos that rely on parent banks for capital and brand support.
Vedanta Aluminium plans to raise $500 mn to repay some of the group's debt as it prepares to buy govt's stake in Balco & Hindustan Zinc, said 2 people familiar with the matter.
Banks may be forced to write off about 3/4 of their Rs 4K-cr loans to Deccan Chronicle Holdings due to skimpy collateral, & slow progress in the investigation into possible fraud due.
Indian Oil Corporation has raised $400 million through Singapore dollar bond. The bonds issued by the company mature in ten years, carrying a coupon rate of 4.10%.
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