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Tuesday, April 16, 2024
TopicSBI

Topic: SBI

Bank of America buys its biggest distressed asset in India 

The decision to purchase soured loans of Jayaswal Neco Industries Ltd, that makes cast iron pipes, adds to a growing trend of foreign investors exploring the India's massive pile of bad debt.

Hedge fund operator plans $1 billion India-focused ESG fund

Avendus expects to raise $1 billion over two years with its ESG fund and sees around 70 percent of that money coming from overseas investors.

Ailing Jet Airways gets lifeline in debt swap deal with lenders

Jet Airways, which needs Rs 85 billion to help it get back on its feet, will be revamped, with banks becoming the biggest shareholders of the company. 

What India’s top three mutual funds bought and sold in January

Stock funds took in a net Rs 61.6 billion, the least since January 2017, and a 7% decline over the previous month

Madam, don’t send us to court, firms keen to avoid bankruptcy law tell SBI

Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for the country's business community.

SBI could take 15% equity stake in Jet Airways

Burdened by debt, Jet Airways is looking to convert part of its loans to equity as it struggles to stay afloat in a highly competitive market

India’s SBI is said to select banks for $1.4 billion share sale

SBI’s sale will help bolster its capital buffers as it attempts to grow loans at a faster pace.

Customers suffer as banks miss deadline to switch to safer chip-based debit & credit cards

The RBI had set 31 December 2018, as the deadline for all banks to replace magnetic strip debit & credit cards with chip-based ones.

Electoral bonds worth more than Rs 1,000 crore issued in 2017-18, says RTI reply

Modi government's scheme had drawn flak from opposition, which had raised concerns that it would lead to an opaque poll funding process. 

Revised back-series GDP data poses a problem for SBI – how did we really perform?

SBI report says bank’s performance will have to be rewritten based on the new data and this can be contentious due to questions over credibility.

On Camera

There’s too much Akshay Kumar on screen. Take a break and come back with a Hera Pheri

Every few months, a new release raises the question: Can this film save Akshay Kumar’s career? So far, the answer has been a resounding no.

Pilots, engineers, maintenance crew — skilled worker shortages add to crisis in aviation sector

India’s aviation space is grappling with more than just a pilot deficit problem as industry experts highlight the need for the government and the aviation regulator to step in.

Hardened shelters, radars, defence systems & more — IAF quietly upgrades bases focused on China

New infra projects involve not just repair work of runways and creation of additional taxi ways to enable better tempo of operations, but also storage of spare parts and munitions.

44 years on, two things that have changed in Modi’s BJP, and one that hasn’t

As the BJP heads for a likely third successive term in power, it's fascinating to debate how true it looks to the original proposition: a party with a difference.