British banking major HSBC may sell stakes in two Indian lenders, Karnataka Bank and Federal Bank to free up capital to meet the stringent Basel III norms.
RBI's proposed move to hike the standard asset provisioning requirement will impact the earnings of public sector banks by 5 to 10 per cent.
Reliance Capital Ltd, has filed a case against The Loot (India) Private Ltd and its directors alleging cheque bounce of Rs25 lakh.
Foreign banks with over 20 branches will now have to lend 40% of their loans towards mandated lending, said the RBI in its revised guidelines on priority sector lending.
Kamat Hotels, the hospitality group that runs The Orchid in Mumbai, is negotiating with banks to restructure more than Rs 500 crore worth of loans.
The troubled real estate firm's efforts to escape the stigma of bad debt suffered a jolt with the RBI rejecting a request to confer infrastructure status on its loans.
Over the next five years, India will serve as Asia's fastest growing exporter and importer with annualised growth averaging 5% and 7% respectively, said HSBC Global Connections report.
7,000 crore, making it the second highest for the year so far.While this is less than the .
DBS Bank's India operations net profit for the year ended March 2012 grew by 164% to Rs335.5 crore as against Rs 127.2 crore last year.
Mergers and acquisition in the Asia Pacific region dipped by 29.5% to $223 bn so far this yr, said Thomson Reuters review report.
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