The Big Four firms are striking large and complex mergers & acquisition (M&A) investment banking deals, hitherto the preserve of bulge bracket investment banks, after […]
Category: Enterprise
Potential bidders seek tax benefits on IDBI’s losses
Potential IDBI Bank bidders have asked the government for tax benefits from the accumulated ₹45,000 crore losses to accrue to the acquiring entity in case […]
At Rs 8,640 crore, Torrent highest bidder for Reliance Capital
Torrent Investments is the highest bidder for Anil Ambani-owned Reliance Capital, having offered Rs 8,640 crore for the debt-laden financier at an auction held on […]
Banks write off loans worth Rs 11.17 lakh crore in last 6 years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed […]
HDFC hikes home loan rates
Housing Development Finance Corp Ltd (HDFC), India’s largest non bank mortgage lender has hiked its retail prime lending rate (RPLR) by 35 basis points effective […]
Decision on privatisation of PSBs after consultation: Govt
The government on Monday said it will take a view on privatisation of public sector banks (PSBs) after consultation with the department and the regulator […]
Banks looking at possibility of rupee trade with Bangladesh, African nations
Banks are looking at the possibility of initiating rupee trade with Bangladesh and African countries like Egypt as part of exercise to make rupee an […]
Microfinance NPA at all time high of Rs 36,500 crore as loans restructured earlier showing stress
The stress in the microfinance sector is far from over with the sector’s bad loans ratio rising for the second consecutive quarter to 12.1% at […]
NBFCs seen growing at 10-12 per cent this fiscal and next
Non-bank financing companies are finally shedding the Covid-era stress and could see a 40 basis point improvement in bad loan numbers, domestic rating agency ICRA […]
Bank margins may come under stress amid deposit rate war
The Bank Nifty is trading near lifetime highs, reflecting the fortunes of lenders that extricated themselves from the quagmire of bad assets spawned by the […]