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Friday, November 1, 2024
TopicState Bank of India

Topic: State Bank of India

India’s bankruptcy law will exist—with dentures in place of teeth

India’s two-year-old bankruptcy regime has been brought to the brink of irrelevance by the strain of resolving its most high-profile case -- Essar...

Edelweiss raises $1.3 billion to profit from an unprecedented bad-loan clean up in India

The company will use the funds to buy and turn around stressed assets

By 2050, more than 20% of people in south India will be over 65. And that spells trouble

A State Bank of India report says this will put pressure on these states’ infrastructure, and widen income distribution gap between the south and north.

All that Jet needed to keep flying was one rupee

There’s still plenty of potential in Jet, provided it can modify its business model, or take that elusive one rupee seriously.

State Bank of India still has too many genies to bottle

The bank’s first quarterly profit in 12 months is no doubt an encouraging sign, though net income of $129 million on a $284 billion loan book is hardly worth celebrating.

India is considering the outright sale of IL&FS

Other options include splitting businesses according to verticals and disposing them off to several buyers or injecting  liquidity at group level

The clock is ticking on the patience of Indian equity funds investors

Of 416 open-ended, onshore equity funds, 401 have lost money. Imagine the peril if investors give up on funds sitting on hard-to-liquidate portfolios.

The 8 men and women who will find India’s first Lokpal

The search committee, which includes former SBI chief Arundhati Bhattacharya, will recommend the names for the chairperson and members of the Lokpal.

Cap on oil prices will rescue sinking rupee, says SBI

The currency's recent descent is said to be self-correcting to some extent as its weakness will help perk up exports. 

Nitin Gadkari says India’s infrastructural development needs support from banks

Bankers are dithering about lending decisions as they fear that if a decision goes wrong, they could be subject to probes. 

On Camera

Iran’s real fantasy is to take over Muslim world. Palestine is just a façade

Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

From 2004 to 2024, bad news has come wrapped as good news for Congress

Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.