Mutual Fund or Bank deposit ?
[ad_1] Country's biggest lender SBI has moved the National Company Law Tribunal (NCLT) against Jaiprakash Associates Ltd for initiation of insolvency proceedings against the debt-ridden company. State Bank of India (SBI) in its plea filed before the Allahabad bench of NCLT has claimed a total default of Rs 6,893.15 crore
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[ad_1] The government has reached out to the Securities and Exchange Board of India (Sebi), seeking a two-year relaxation in the minimum public shareholding (MPS) norms for once it is privatised, said people familiar with the development. Under the current regulations, listed firms are required to have a public shareholding
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[ad_1] The deadline for submission of bids for debt-ridden () ends on Monday amid concerns of investors over the company's most-valuable arm Reliance General Insurance Company. Trusteeship Services Limited acting in its capacity as a debenture trustee on behalf of Credit Suisse, had invoked the pledge of
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[ad_1] Ltd.’s chief executive officer said the lender is likely to recoup 195 billion rupees ($2.4 billion) on soured debt in his pitch to potential buyers amid India’s planned auction of the firm. “We are sitting on about 780 billion rupees of fully provided for bad loans, including written-off loans,
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[ad_1] India’s government is considering selling at least 51% of state-backed ., according to people with knowledge of the matter. Officials in the government and the state-backed Life Insurance Corp. of India, which together own about 94% of Bank’s shares, are in talks about how much of their stakes they
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[ad_1] Capital markets regulator Sebi on Monday imposed a fine of Rs 1 lakh on Trusteeship Services for non-compliance of debenture trustee norms and directed the entity to pay the amount within 45 days. The order came after Sebi carried out an investigation in the matter of Fortis Health
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[ad_1] has made a renewed attempt to sell its holding of Rs 3,400 crore of secured bonds issued by Reliance Capital, the finance company currently undergoing insolvency proceedings, said two people aware of the development. Capital Markets, the insurance company’s process adviser for the sale of bonds, has invited
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[ad_1] Indian banks have increased their fundraising activity through the issuance of certificates of deposits, as funding in the banking system continues to contract, analysts said. "Banks are not raising deposit rates, as they are able to get funds easily from money market by issuing CDs, and that too cheaply,
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[ad_1] The Centre is learnt to have reached out to global buyout funds and financial institutions, such as the Carlyle Group, TPG Capital and Prem Watsa-controlled Fairfax Holdings, to gauge investor interest in buying majority stakes held directly by the government and () in the bailed-out lender, investment banking
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[ad_1] DBS Group Holdings Ltd., Singapore’s largest lender that has been investing in India, said buying a stake in government-owned IDBI Bank Ltd. is not on its radar, even though it remained bullish about the country’s growth prospects. Chief Executive Officer Piyush Gupta said the lender isn’t looking at a deal
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