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Devidutta Tripathy

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Aug 11 2018

Top lender SBI eyes return to profitability in third-quarter

NEW DELHI/BENGALURU State Bank of India is confident of returning to profitability from the December quarter onwards as the impact of bad loans eases, its chairman said after the nation's top lender by assets plunged to its third straight quarter of losses.

Aug 07 2018

Fraud-hit lender PNB plots revival after second straight quarterly loss

BENGALURU/NEW DELHI India's Punjab National Bank reported a second straight quarterly loss on Tuesday as it earmarked more funds to cover a massive fraud, but expects faster bad loan recovery to help it return to a profit for the full year.

Aug 06 2018

HDFC AMC soars in blockbuster trading debut

BENGALURU/NEW DELHI HDFC Asset Management Co Ltd's shares soared 67 percent on the first day of trading on Monday after a $408 million initial public offering last month, reflecting bullish investor sentiment on Indian mutual fund managers who have seen record inflows in recent months.

Jul 30 2018

Axis Bank sees further recovery after smaller-than-expected profit drop

NEW DELHI/BENGALURU India's Axis Bank Ltd expects a further revival in the second half of the year after reporting a smaller-than-expected drop in first-quarter net profit and an improvement in asset quality on Monday.

Jul 30 2018

HDFC Bank launches up to $2.26 billion share sales in U.S. and India

NEW DELHI/BENGALURU HDFC Bank Ltd launched separate share sales on Monday in the United States and its home Indian market in a bid to raise as much as 155 billion rupees ($2.26 billion).

Jul 27 2018

Bad loans and bond provisions tip ICICI Bank into loss

BENGALURU/NEW DELHI ICICI Bank Ltd, the third-biggest Indian lender by assets, reported its first quarterly net loss in at least 16 years, hurt by higher provisions for bad loans and bond losses.

Jun 26 2018

Indian businessman Mallya seeks to sell $2 billion worth assets to repay creditors

MUMBAI Businessman Vijay Mallya, who is being pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, said on Tuesday he was trying to sell assets worth about 139 billion rupees ($2.04 billion) to repay creditors.

Jun 18 2018

ICICI Bank names Bakhshi interim head as CEO Chanda Kochhar goes on leave during probe

MUMBAI ICICI Bank named group veteran Sandeep Bakhshi as its interim head, and said Chief Executive Chanda Kochhar would go on leave pending the completion of a probe over an alleged conflict of interest that has led to months of controversy for the lender.

Jun 16 2018

Singapore Exchange to continue SGX Nifty trade despite India dispute

MUMBAI The Singapore Exchange (SGX) said on Saturday a court-appointed arbitrator had told it to continue listing and trading SGX Nifty contracts beyond August 2018, during a dispute resolution with India's National Stock Exchange (NSE).

May 30 2018

Graphic: The woes of India's state banking sector in four charts

MUMBAI India's state-run banks posted a combined loss of 853.7 billion rupees ($12.65 billion) in the fiscal year ended this March, according to data compiled by Reuters, as their provisions for bad loans surged following stricter central bank rules.

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