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Monday, November 4, 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

Trudeau is nursing snakes in his own backyard. Misguided Sikhs in Canada are losing the plot

By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.

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.

India carries out 1st patrol in Depsang since disengagement with China, to take things ‘slow’

While there are patrolling points (PP) 10, 11, 12, 12A and 13 in the Depsang Plains, the patrol in the region Monday was carried out to only one point as decided by India and China.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.