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BRICS Bank Aims To Issue First Indian Rupee Bond By October
The development bank founded by the so-called BRICS countries is planning to issue its first Indian rupee bond by October, its chief operating officer said on Monday, as the lender comes under pressure to raise and lend more in local currencies.
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Rise In Corporate Lending At Fastest Pace In 8 Years Signals New Investment Cycle
Indian lenders are expanding lending to local corporations at the fastest pace in more than eight years, a sign of a new private investment cycle.
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Allow All Bank Employees To Commute By Suburban Trains: Unions To Uddhav Thackeray
Bank unions have written to Maharashtra Chief Minister Uddhav Thackeray to let employees of private, foreign and co-operative lenders commute by suburban trains, officials said on Friday.
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WeWork India Fighting for New Funds After Talks With Local Lender Collapse
WeWork's India franchise has seen talks with local lender ICICI Bank on $100 million in funding break down since The We Company's botched stock market launch.
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5 Of Trader's Family Found Dead In Gorakhpur, Suicide Suspected
Four members of a local trader's family, facing demands for repayment of loans from money lenders, were found dead on Sunday morning, while a fifth one died in the hospital during treatment.
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7 Indian IL&FS Employees Held Hostage In Ethiopia By Unpaid Staff: Report
The foreign ministry is investigating claims by expatriates in Ethiopia who say they are being held hostage by local staff that haven't been paid after the shadow lender Infrastructure Leasing and Financial Services Ltd. began defaulting on $12.6 billion in debt.
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China's Infrastructure Boom In Pak May Have Fewer Benefits Than Thought
China's ambitious $55 billion infrastructure project that's underway throughout Pakistan is in danger of becoming a non-event for the South Asian nation's banks.
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SBI Life Set To Hire Eight Banks For Up To $1 Billion IPO
The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, ICICI Securities, JM Financial, Kotak and SBI Capital Markets -IFR, a Thomson Reuters publication, said.
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Builder Attempts Suicide Allegedly Over Harassment By Lenders
A builder based in Wada in the neighbouring Palghar district in Maharashtra attempted suicide as he allegedly was fed up with the harassment from lenders, police said today.
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Moody's Retains Union Bank of India Rating
Moody's on Monday affirmed the local and foreign currency deposit ratings of state-run lenders Union Bank of India and Central Bank of India.
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Kotak Mahindra Bank Sees Cost Rise After ING Vysya Deal
Kotak Mahindra Bank, India's fourth biggest private sector lender by assets, expects its credit costs to jump this fiscal year as it makes more provisions related to its purchase of smaller local rival ING Vysya Bank, it said on Thursday.
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Sensex Heads for Longest Winning Streak in Nearly Five Months
Risk-on sentiment in global markets also aided local shares after Greece's latest budget proposals raised hopes it would stave off a debt default and reach a deal with lenders later this week.
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Local Bond Markets May Revive From Second Half, Says ICRA
Issuances would go up following a notification that non-bank lenders do not need to maintain debenture reserves for private placement of debt, it said, adding non-banking finance companies (NBFCs) are one of the most active players in the debt market.
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Kotak Mahindra Bank Founders Sell 3.2 Per Cent Stake
Kotak Mahindra Bank Ltd's founder group sold a 3.24 per cent stake in the lender to comply with the Reserve Bank of India's guidelines on equity holding in local banks.
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BNP Paribas to buy Polish Rabobank unit for $1.4 billion
The deal offers a 14 percent premium to the market value of BGZ, a rural-based Polish lender which ranks No.11 by assets, and could forge a player ranking No.8 in the local sector.
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BRICS Bank Aims To Issue First Indian Rupee Bond By October
The development bank founded by the so-called BRICS countries is planning to issue its first Indian rupee bond by October, its chief operating officer said on Monday, as the lender comes under pressure to raise and lend more in local currencies.
-
Rise In Corporate Lending At Fastest Pace In 8 Years Signals New Investment Cycle
Indian lenders are expanding lending to local corporations at the fastest pace in more than eight years, a sign of a new private investment cycle.
-
Allow All Bank Employees To Commute By Suburban Trains: Unions To Uddhav Thackeray
Bank unions have written to Maharashtra Chief Minister Uddhav Thackeray to let employees of private, foreign and co-operative lenders commute by suburban trains, officials said on Friday.
-
WeWork India Fighting for New Funds After Talks With Local Lender Collapse
WeWork's India franchise has seen talks with local lender ICICI Bank on $100 million in funding break down since The We Company's botched stock market launch.
-
5 Of Trader's Family Found Dead In Gorakhpur, Suicide Suspected
Four members of a local trader's family, facing demands for repayment of loans from money lenders, were found dead on Sunday morning, while a fifth one died in the hospital during treatment.
-
7 Indian IL&FS Employees Held Hostage In Ethiopia By Unpaid Staff: Report
The foreign ministry is investigating claims by expatriates in Ethiopia who say they are being held hostage by local staff that haven't been paid after the shadow lender Infrastructure Leasing and Financial Services Ltd. began defaulting on $12.6 billion in debt.
-
China's Infrastructure Boom In Pak May Have Fewer Benefits Than Thought
China's ambitious $55 billion infrastructure project that's underway throughout Pakistan is in danger of becoming a non-event for the South Asian nation's banks.
-
SBI Life Set To Hire Eight Banks For Up To $1 Billion IPO
The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, ICICI Securities, JM Financial, Kotak and SBI Capital Markets -IFR, a Thomson Reuters publication, said.
-
Builder Attempts Suicide Allegedly Over Harassment By Lenders
A builder based in Wada in the neighbouring Palghar district in Maharashtra attempted suicide as he allegedly was fed up with the harassment from lenders, police said today.
-
Moody's Retains Union Bank of India Rating
Moody's on Monday affirmed the local and foreign currency deposit ratings of state-run lenders Union Bank of India and Central Bank of India.
-
Kotak Mahindra Bank Sees Cost Rise After ING Vysya Deal
Kotak Mahindra Bank, India's fourth biggest private sector lender by assets, expects its credit costs to jump this fiscal year as it makes more provisions related to its purchase of smaller local rival ING Vysya Bank, it said on Thursday.
-
Sensex Heads for Longest Winning Streak in Nearly Five Months
Risk-on sentiment in global markets also aided local shares after Greece's latest budget proposals raised hopes it would stave off a debt default and reach a deal with lenders later this week.
-
Local Bond Markets May Revive From Second Half, Says ICRA
Issuances would go up following a notification that non-bank lenders do not need to maintain debenture reserves for private placement of debt, it said, adding non-banking finance companies (NBFCs) are one of the most active players in the debt market.
-
Kotak Mahindra Bank Founders Sell 3.2 Per Cent Stake
Kotak Mahindra Bank Ltd's founder group sold a 3.24 per cent stake in the lender to comply with the Reserve Bank of India's guidelines on equity holding in local banks.
-
BNP Paribas to buy Polish Rabobank unit for $1.4 billion
The deal offers a 14 percent premium to the market value of BGZ, a rural-based Polish lender which ranks No.11 by assets, and could forge a player ranking No.8 in the local sector.
