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Nirmala Sitharaman Meet Bankers for Pre-Budget Consultations Today, Loans on Agenda
Thu, Jun 13, 2019
As part of pre-Budget consultations, Union Finance Minister Nirmala Sitharaman meet bankers, including officials of the Reserve Bank of India (RBI) and other financial institutions, on Thursday.
PNB fraud: RBI just turned up heat on all banks; here is how
Sun, Mar 11, 2018
PNB fraud: Two jewellery groups were accused last month of defrauding state-run Punjab National Bank (PNB) of more than $2 billion, mostly through fraudulent guarantees based on letters of undertaking (LoUs) issued by rogue bank employees that they used to raise credit overseas. The key accused in the case have denied any wrongdoing.
IPO hopeful Xiaomi set to blow past 2017 revenue target: Sources
Fri, Dec 22, 2017
Xiaomi, which has been hearing bank pitches for what could be the world`s biggest tech float next year, will rake in a net profit of at least $1 billion in 2017, banker projections based on the company`s revenue estimate of $17 billion to $18 billion show. Profits are estimated to reach about $2 billion in 2018.
India's record share sales bring banks little cheer in the way of fees
Fri, Dec 22, 2017
India`s main stock indexes surged almost 30 percent in 2017 as investors bet on economic reform and corporate earnings recovery.
Sale of the century? $300-billion Saudi state sell-off moves slowly
Fri, Dec 01, 2017
Saudi Arabia`s $300-billion privatisation programme was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his plan to great fanfare. Nineteen months later, it is moving at a snail`s pace, bankers, investors and analysts familiar with the process say.
Moody's upgrade to benefit financial sector the most: Bankers
Fri, Nov 17, 2017
On the rating revision of SBI and four other banks, SBI chairman Rajnish Kumar said this indicates that the country's financial system remains resilient and robust and poised to support growth
Indians leave bankers in the cold in $23 billion telecoms mega-deal
Wed, Mar 22, 2017
This week`s $23 billion tie-up between Idea Cellular, controlled by the Aditya Birla Group, and the Indian business of Vodafone Group, is the latest example of a trend that is squeezing major international investment banks.
RBI may remove weekly cash withdrawal limits by February-end: Bankers
Thu, Jan 26, 2017
Bankers have said that the Reserve Bank of India is likely to remove the weekly cash withdrawal limits for banks as well as ATMs by the end of February this year.