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Friday, May 3, 2024
TopicIndian Banks

Topic: Indian Banks

$1-billion rush seen for HDFC bank as foreigners get last chance to buy shares

HDFC will close the window that permits foreigners to buy shares of India's most-valuable lender soon, which is resulting in a surge in buying. 

The world’s best and worst bank returns can be found in India

Despite India's state-run banks being in a rundown condition, the country's rich private banks are keeping investors' belief alive in the Indian economy.

ICICI Bank’s love for its CEO is testing the limits

Chanda Kochhar showed a lack of judgment in not recusing herself from the committee that cleared the loan to Videocon. ICICI, with a history of prior bank runs, can't afford a leader who's in the news for all the wrong reasons. 

One of the world’s largest distressed debt investors eyes India’s $210 billion bad loans

Oaktree is looking to lend directly to companies in India and also invest in bad loan portfolios, in sectors including energy and infrastructure.

Privatising sectors isn’t enough, public companies need to be told to perform or die

While privatising markets benefits customers, the system must accept the hard budgetary constraints on the public sector entities in these markets.

Rotomac bank fraud loan wasn’t for Vikram Kothari’s pen business but for ‘importing’ wheat

CBI has arrested and registered a case against Kothari and his family; the total amount of the fraud is alleged to be Rs 3,695 crore.

On Camera

How a North Indian Muslim woman saw Wayanad—inclusive mosques, mangalsutras for non-Hindus

Mosques in Rahul Gandhi's Wayanad constituency have designated sections for women to pray, a contrast to North Indian mosques where women are typically not allowed inside.

High capacity usage, fresh borrowings & new orders — why FY25 could be a big year for pvt investment

Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.