Alexander Sazonov Bloomberg / Updated: Jun 18, 2021, 07:59 IST NEW DELHI: Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raising questions about some offshore investors triggered a rout in his conglomerate’s six listed stocks. The 58-year-old tycoon has lost more money this week than...
As sluggish economy hits retail sector, banks face increasing loan stress  BY SALIL PANCHAL, SAMAR SRIVASTAVA 3 min read PUBLISHED: Jan 31, 2020 09:26:51 AM IST UPDATED: Jan 31, 2020 09:33:35 AM IST The economic slowdown is starting to reveal its real impact. Banks, which in recent years had turned their focus from...
India’s federal police filed a case alleging that former ICICI Bank Ltd. Chief Executive Officer Chanda Kochhar got “illegal gratification” for approving a loan to the Videocon Group in violation of the lender’s credit policy and regulatory provisions. In the filing at a police station in New Delhi, the agency...
9 min read. Updated: 22 Oct 2020, 08:48 PM IST Shayan Ghosh Incoming CEO Sashidhar Jagdishan inherits a bank in fine fettle. Where will he take it from here? Over the upcoming Dussehra weekend, more than 100,000 employees at HDFC Bank will come together, virtually, to offer a befitting farewell to outgoing chief executive...
For the last three years, HDFC and Kotak Mahindra Bank have individually received more complaints than the all-banks average of 1.4 complaints per branch. Shruti Jain BANKING Jaipur: India’s private banks were once again the worse performers in terms of customer satisfaction, according to the annual report of the banking...
Updated: 27 Jun 2021, 10:13 PM IST Gopika Gopakumar, ShayanGhosh  Sandeep Bakhshi took over an embattled bank in late 2018. In just 10quarters, things have changed Since Bakhshi joined, the share of the bank’s corporate loans in thetotal loan book has been almost flat at 24%. Moreover, the bank...
By energy reporter Daniel Mercer Tim Buckley has spent much of his career in finance traversing the proverbial energy landscape. For much of that time since 2010, those travels have taken him to India, where eye-watering sums of money are being spent energising a country trying to lift more than a billion...
NEW DELHI — Prime Minister Narendra Modi's unhealthy obsession with the World Bank's Doing Business ranking hijacked India's reform agenda over the course of the Bharatiya Janata Party (BJP) government's four-year tenure, according to hundreds of pages of meeting minutes, interviews with key players and official correspondence reviewed by HuffPost India. The documents...
RIDHIMA SAXENA SEP 14, 2021, 13:31 IST As part of the merger, Clix Capital Services will also need to take on Suryoday Small Finance Bank’s gross bad loans worth ₹381 crore. That's nearly a quarter of Clix Capital’s own net worth.Both the entities are into completely different lines of business. Suryoday SFB is essentially a...
By Nupur Acharya and P R Sanjai June 15, 2021, 10:06 AM GMT+5:30 Updated on June 15, 2021, 5:00 PM GMT+5:30 Confusion over three Mauritius-based funds that whipsawed shares of companies controlled by Indian billionaire Gautam Adani this week has underscored a deeper risk for investors in such stocks owned by opaque entities. Shares of Adani’s...