12 Billion Loan
- All
- News
- Videos
-
Paytm Reported 51.5 Percent Rise in Q4 Revenue, Posted Profit for Second Consecutive Quarter
Indian digital payments firm Paytm reported a 51.5 percent rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm's parent, One 97 Communications, said revenue rose to Rs. 23.35 billion in the January-March quarter, from Rs. 15.41 billion a year earlier.
-
How Watchdogs Failed To Spot The $2 Billion PNB Fraud
Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank's Brady House branch in Mumbai. It was there, past the loan desk and up a flight of stairs, that the Central Bureau of Investigation (CBI) say Shetty hatched India's largest-ever bank fraud,...
-
Banks Need $2.8 Billion Extra Provisioning For Bankruptcy Cases: India Ratings
The Reserve Bank of India last month asked creditor banks to begin insolvency proceedings against 12 of the country's biggest loan defaulters, and subsequently mandated that the banks would need to make provision for up to 50 percent of the amount of soured loans.
-
Amazon Lent $1 Billion to Merchants to Boost Sales on Its Marketplace
Amazon has doled out more than $1 billion in small loans to sellers in the past 12 months, compared with more than $1.5 billion it lent from 2011 through 2015.
-
This Zombie On India Sick-List Of About 6,000 Firms Lost $2 Billion Value
A closer look at the sick-list of Indian companies restructuring under a three-decade old state program shows why the nation badly needs its new bankruptcy system.
-
IMF Approves $12 Billion Loan To Egypt
The International Monetary Fund says its executive board has approved a three-year bailout totaling 12 billion dollars to Egypt, to support the country's ailing economy.
-
SBI Fourth Quarter Net Profit Slides 66% As Bad Loan Provisions Double
SBI said in a statement its bad loan provisions more than doubled from a year earlier to Rs 12,139 crore ($1.81 billion), squeezing net profit to Rs 1,264 crore for quarter ended March 31 from Rs 3,742 crore a year ago.
-
PM Modi, Japan's Shinzo Abe Put Bullet Train, Nuclear Deal On Track
Japan will provide $12 billion of soft loans to build India's first bullet train, the two nations announced during a visit by Japanese Prime Minister Shinzo Abe that also yielded deeper defence ties and a plan for civil nuclear cooperation.
-
Greece Inks Deal with Creditors to Unlock 12-Billion Euros: Minister
Greece has struck a deal with its international creditors to unblock some 12 billion euros in much-needed loans, Finance Minister Euclid Tsakalotos said on Tuesday after marathon talks.
-
Greece Inks Deal With Creditors to Unlock 12 Billion Euros: Minister
Greece has struck a deal with its international creditors to unblock some 12 billion euros in much-needed loans, Finance Minister Euclid Tsakalotos said today after marathon talks.
-
Cairn India Extends $1.2 Billion Loan to Vedanta; Shares Slump
The loan represents 12 per cent of Cairn India's market capitalisation. Of the $1.25 billion, the company has already disbursed $800 million, Cairn India said.
-
World Bank Approves $12 Billion, Five-Year Loan for Pakistan
The World Bank has approved a $12 billion loan for cash-strapped Pakistan that will be disbursed over five years, the country's finance ministry and the global lender said on Friday.
-
To raise money, Air India considers ads on tails of planes
Flag carrier Air India, reeling under accumulated losses and loans of around Rs.67,520 crore ($12 billion), is planning to carry advertisements on its aircraft to mobilise additional revenue.
-
India's corporate debt restructuring hits record high
Indian banks sought to restructure $12 billion (Rs 64,356 crore, at Friday’s rates) in corporate loans in the fiscal year that ended in March, up 156 percent from a year earlier, industry data showed, as slowing economic growth proved a drag on borrowers' ability to repay their debts. Debt restructuring through the Corporate Debt Restructuring Ce...
-
Deal reached on second Greek bailout package
An EU diplomat says that an agreement has been reached to give Greece euro 130 billion ($170 billion) more in bailout loans and bring its debt down to 120.5 per cent of GDP by 2020. The official, who spoke on condition of anonymity, said the details were still being worked out in the early hours of Tuesday, more than 12 hours after discussions bega...
-
Paytm Reported 51.5 Percent Rise in Q4 Revenue, Posted Profit for Second Consecutive Quarter
Indian digital payments firm Paytm reported a 51.5 percent rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm's parent, One 97 Communications, said revenue rose to Rs. 23.35 billion in the January-March quarter, from Rs. 15.41 billion a year earlier.
-
How Watchdogs Failed To Spot The $2 Billion PNB Fraud
Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank's Brady House branch in Mumbai. It was there, past the loan desk and up a flight of stairs, that the Central Bureau of Investigation (CBI) say Shetty hatched India's largest-ever bank fraud,...
-
Banks Need $2.8 Billion Extra Provisioning For Bankruptcy Cases: India Ratings
The Reserve Bank of India last month asked creditor banks to begin insolvency proceedings against 12 of the country's biggest loan defaulters, and subsequently mandated that the banks would need to make provision for up to 50 percent of the amount of soured loans.
-
Amazon Lent $1 Billion to Merchants to Boost Sales on Its Marketplace
Amazon has doled out more than $1 billion in small loans to sellers in the past 12 months, compared with more than $1.5 billion it lent from 2011 through 2015.
-
This Zombie On India Sick-List Of About 6,000 Firms Lost $2 Billion Value
A closer look at the sick-list of Indian companies restructuring under a three-decade old state program shows why the nation badly needs its new bankruptcy system.
-
IMF Approves $12 Billion Loan To Egypt
The International Monetary Fund says its executive board has approved a three-year bailout totaling 12 billion dollars to Egypt, to support the country's ailing economy.
-
SBI Fourth Quarter Net Profit Slides 66% As Bad Loan Provisions Double
SBI said in a statement its bad loan provisions more than doubled from a year earlier to Rs 12,139 crore ($1.81 billion), squeezing net profit to Rs 1,264 crore for quarter ended March 31 from Rs 3,742 crore a year ago.
-
PM Modi, Japan's Shinzo Abe Put Bullet Train, Nuclear Deal On Track
Japan will provide $12 billion of soft loans to build India's first bullet train, the two nations announced during a visit by Japanese Prime Minister Shinzo Abe that also yielded deeper defence ties and a plan for civil nuclear cooperation.
-
Greece Inks Deal with Creditors to Unlock 12-Billion Euros: Minister
Greece has struck a deal with its international creditors to unblock some 12 billion euros in much-needed loans, Finance Minister Euclid Tsakalotos said on Tuesday after marathon talks.
-
Greece Inks Deal With Creditors to Unlock 12 Billion Euros: Minister
Greece has struck a deal with its international creditors to unblock some 12 billion euros in much-needed loans, Finance Minister Euclid Tsakalotos said today after marathon talks.
-
Cairn India Extends $1.2 Billion Loan to Vedanta; Shares Slump
The loan represents 12 per cent of Cairn India's market capitalisation. Of the $1.25 billion, the company has already disbursed $800 million, Cairn India said.
-
World Bank Approves $12 Billion, Five-Year Loan for Pakistan
The World Bank has approved a $12 billion loan for cash-strapped Pakistan that will be disbursed over five years, the country's finance ministry and the global lender said on Friday.
-
To raise money, Air India considers ads on tails of planes
Flag carrier Air India, reeling under accumulated losses and loans of around Rs.67,520 crore ($12 billion), is planning to carry advertisements on its aircraft to mobilise additional revenue.
-
India's corporate debt restructuring hits record high
Indian banks sought to restructure $12 billion (Rs 64,356 crore, at Friday’s rates) in corporate loans in the fiscal year that ended in March, up 156 percent from a year earlier, industry data showed, as slowing economic growth proved a drag on borrowers' ability to repay their debts. Debt restructuring through the Corporate Debt Restructuring Ce...
-
Deal reached on second Greek bailout package
An EU diplomat says that an agreement has been reached to give Greece euro 130 billion ($170 billion) more in bailout loans and bring its debt down to 120.5 per cent of GDP by 2020. The official, who spoke on condition of anonymity, said the details were still being worked out in the early hours of Tuesday, more than 12 hours after discussions bega...
