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Nupur Anand

Shadow lender DHFL's resolution plan hits roadblock

Sep 17 2019

MUMBAI A plan to rescue India's debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders has agreed to be on board the proposed resolution, according to a custodian of DHFL bonds.

Indian shadow lender DHFL's resolution plan hits roadblock

Sep 17 2019

MUMBAI, Sept 17 A plan to rescue India's debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders has agreed to be on board the proposed resolution, according to a custodian of DHFL bonds.

India's Yes Bank nears stake sale to tech firm to boost capital: CEO

Sep 10 2019

MUMBAI India's Yes Bank is close to securing a deal to sell a minority stake to a global technology company to help boost its capital, the lender's chief executive said.

India's Yes Bank nears deal to sell stake to tech firm - CEO

Sep 10 2019

MUMBAI, Sept 10 Yes Bank is close to securing a deal to sell a minority stake to a global technology company to help boost the Indian private lender's capital, the bank's CEO said.

Indian banks unlikely to sharply trim lending rates despite new norms

Sep 05 2019

MUMBAI The Reserve Bank of India's move to compel lenders to link all new floating rate retail loans to external benchmarks is unlikely to achieve the intended goal of reducing interest rates sharply for consumers anytime soon, bankers and analysts said.

Indian banks unlikely to sharply trim lending rates despite new norms

Sep 05 2019

MUMBAI, Sept 5 The Reserve Bank of India's move to compel lenders to link all new floating rate retail loans to external benchmarks is unlikely to achieve the intended goal of reducing interest rates sharply for consumers anytime soon, bankers and analysts said.

Jet Airways' creditors to recover only $300-$400 million in liquidation scenario

Sep 04 2019

MUMBAI Creditors of India's bankrupt Jet Airways are likely to recover less than 10% of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters.

Jet Airways' creditors to recover only $300-$400 mln in liquidation scenario

Sep 04 2019

MUMBAI, Sept 4 Creditors of India's bankrupt Jet Airways are likely to recover less than 10% of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters.

SBI's credit card business aims to raise $1.1 billion via IPO: source

Aug 29 2019

MUMBAI SBI Card & Payments Services Ltd, the credit card subsidiary of State Bank of India (SBI) , plans to raise about 80 billion Indian rupees ($1.12 billion) via an initial public offering this year, a senior SBI executive involved in the process said.

Indians pawning the family gold amid credit crunch

Aug 22 2019

AURANGABAD/MUMBAI, India Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season window closed, Indian farmer Babasaheb Mandlik ran out of choices - he pawned his wife's gold jewelry.

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