Vijay Mallya faces bankruptcy proceedings in UK High Court
TLT LLP, the UK-based law firm which had won a landmark case for the 13 banks led by State Bank of India (SBI) earlier this year
Oil loses ground as US shale growth undermines cuts Opec, Russia
West Texas Intermediate for January delivery fell $1.38 to settle at $51.20 ...
Union Bank looks to raise up to Rs 600 crore via ESPS
Bank of India will also offer 10 crore shares under ESPS and Canara Bank will issue up ...
NY-based Avenue Capital picks up 27% stake in Arcil
The new bankruptcy framework has helped quicken the resolution process and increased opportunities in the distressed space.
Gov Shaktikanta Das told to ease PCA, one-day default norms by PSB heads
The meeting took place a day ahead of the crucial meeting of the central board of RBI here, which will take up a host of contentious issues, including the PCA norms.
New RBI Governor Shaktikanta Das to steer first central board meet Friday
The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19.
Theresa May presses on with Brexit vote as MPs demand better deal
May’s deal, which would see Britain keep close economic ties with the EU, looks set to be rejected by parliament on Tuesday.
Goldman, Barclays among dozen banks in fray to finance Birla’s $2.6 billion Aleris deal
The move spotlights the increasing role of global lenders in raising cash for outbound M&As by Indian cos.
Amazon and Flipkart enjoy same run rate
Investment bank says media reports came to ‘erroneous conclusion that Amazon is “beating Flipkart”’
Barclays' tie-up with India's post office is starting to bear fruit
The deal with the 164-year-old mail service allows Barclays to offer its cash management services via some 8,000 postal branches spread out across the country.
Penny club swells 50% in crash, but don’t fall for big names at low prices
Many of the companies dragged to the NCLT for insolvency proceedings have turned penny.
Indian banks secure UK court order related to Vijay Mallya yacht sale
The UK High Court order dated November 28 will assist the Indian banks to pursue any surplus money from that sale in Malta courts after all the creditors have been paid off.
Airtel Africa appoints eight global banks to work on IPO
Bharti Airtel reported 3.6 per cent decline in its India revenues on year-on-year.
Finance ministry hopes 3-4 banks to be out of PCA this fiscal
Last week, the RBI in its central board meeting decided the issue of banks under Prompt Corrective Action (PCA) will be examined by Board for Financial Supervision (BFS) of the central bank.
All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: Report
The Reserve Bank began to place state-run banks under PCA framework first time in September 2016, when their NPAs soared beyond the regulatory tolerance levels.
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