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Kingfisher default: It's not banks but tax-payers who should feel hopeless as Mallya has last laugh

May 26, 2015 at 07:10 | Source: FirstPost

Bankers to Vijay Mallyas grounded Kingfisher Airlines have nearly conceded unconditional surrender in their attempts to recover money from the airline. Mallya, once the King of Good Times, has thus made a clutch of 17 banks, lead by State Bank of Ind...

Kingfisher default: Tax-payers feel hopeless as Mallya has last laugh

May 25, 2015 at 20:56 | Source: FirstPost

Bankers to Vijay Mallyas grounded Kingfisher Airlines have nearly conceded unconditional surrender in their attempts to recover money from the airline. Mallya, once the King of Good Times, has thus made a clutch of 17 banks, lead by State Bank of Ind...

Kingfisher loan status: BSE seeks clarification from United Bank

May 25, 2015 at 20:26 | Source: FirstPost

Mumbai: State-run United Bank of India today said the BSE has sought clarifications from it on reports that it does not expect to recover Rs 400 crore loan to the grounded carrier Kingfisher Airlines.The BSE has sought clarification from us with resp...

Zero marks to Modi govt on job creation, economy a worry: Chidambaram

May 25, 2015 at 18:33 | Source: FirstPost

New Delhi: Former Finance Minister P Chidambaram today gave zero marks to the Modi government on the issue of job creation, faulted it for not carrying out major reforms despite adequate numbers in the Lok Sabha and spoke of worrying signs in the eco...

Sensex tumbles over 300 pts at close on thin volumes; metals, banks slide

May 25, 2015 at 16:13 | Source: FirstPost

Equity markets came under severe hammering Monday plagued by heavy profit taking in frontline shares, with investors also reducing their exposure to metals, banking and capital goods scrips ahead of the F&O expiry later this week, said dealer...

Banks struggle to recover loans even as growth rate beats China

May 25, 2015 at 13:37 | Source: FirstPost

Mumbai: A recovery in India's credit growth could elude the country's banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China.A 12.6 percent growth rate in lending in the fiscal year t...

Kingfisher default: It is tax-payer who is feeling hopeless when Mallya has last laugh

May 25, 2015 at 10:33 | Source: FirstPost

Bankers to Vijay Mallyas grounded Kingfisher Airlines have nearly conceded unconditional surrender in their attempts to recover money from the airline. Mallya, once the King of Good Times, has thus made a clutch of 17 banks, lead by State Bank of Ind...

United Bank says no hope of getting anything from Mallya; banks recover just Rs 1,000 cr

May 25, 2015 at 10:12 | Source: FirstPost

Mumbai - State-owned United Bank of India has become the first of the 17 lenders to publicly admit that it no longer expects to recover its dues from the beleaguered Kingfisher Airlines Ltd.Interestingly, the Kolkata-based lender was the first bank t...

Ignore the markets: A year on, India Inc still firmly behind Narendra Modi

May 25, 2015 at 10:04 | Source: FirstPost

Even as the Narendra Modi government is locked in grim battle with the Opposition over key reforms like the Land Acquisition Bill and the introduction of the Goods and Services Tax (GST), one year after the Modi government stormed into power at the C...

Ignore the markets: A year on, India Inc still firmly behind Modi

May 25, 2015 at 08:10 | Source: FirstPost

Even as the Narendra Modi government is locked in grim battle with the Opposition over key reforms like the Land Acquisition Bill and the introduction of the Goods and Services Tax (GST), one year after the Modi government stormed into power at the C...

SBI breaks bad loan jinx, but keep a watch on restructured loans

May 22, 2015 at 18:46 | Source: FirstPost

State Bank of India (SBI), the countrys largest lender, has clearly managed to break the jinx of bad loan additions by embarking on an aggressive recovery drive, but the increasing chunk of restructured loans on its books isnt a good sign. In the abs...

After deal with Amazon and Paypal, SBI plans big digital push to reach customers

May 22, 2015 at 10:31 | Source: FirstPost

State Bank of India (SBI), the countrys largest lender which figures at rank 152 on the Forbes Global 2000 list of the worlds biggest and best companies, will begin discussions with the government on additional capital after it declares its results o...

Sensex ends flat, market cautious on Q4 earning numbers

May 21, 2015 at 19:50 | Source: FirstPost

Mumbai: The benchmark BSE Sensex today settled marginally lower by 28 points at 27,809.35 as market remained cautious on concerns over poor quarterly earnings despite prevailing rate cut hopes.Participants were guarded ahead of corporate earning numb...

Sabka saath, sabka vikas? Certainly not in PM Modi's adopted village, Jayapur

May 21, 2015 at 19:27 | Source: FirstPost

Jayapur (Varanasi): Narendra Modis poll slogan Sabka Saath Sabka Vikas promised inclusive growth for all Indians. US Secretary of State, John Kerry, was so impressed by Modis taking everyone along, development for all vision that he publicly praised ...

Sabka saath, sabka vikas? Certainly not in Modi's adopted village, Jayapur

May 21, 2015 at 15:55 | Source: FirstPost

Jayapur (Varanasi): Narendra Modis poll slogan Sabka Saath Sabka Vikas promised inclusive growth for all Indians. US Secretary of State, John Kerry, was so impressed by Modis taking everyone along, development for all vision that he publicly praised ...

A day after Amazon pact, SBI signs deal with PayPal for cross-border transactions

May 21, 2015 at 15:27 | Source: FirstPost

Kolkata: Country's largest lender State Bank of India today signed an MoU with digital payments company PayPal for facilitating cross-border transactions.SBI managing director and group executive (national banking) B Sriram said the pact will help it...

One year of Modi sarkar: EMIs are down but it's a mixed bag of acche din for the aam aadmi

May 21, 2015 at 11:16 | Source: FirstPost

Most communication that works is essentially so simplistic that even a school going child can understand it. Narendra Modi's pitch in the 2014 Lok Sabha elections: acche din aane waale hain, hum Modi ji ko laane waale hain, was one such example.It wa...

Industry sees no appeal in gold monetisation plan, says concerns remain

May 20, 2015 at 22:21 | Source: FirstPost

Singapore/Mumbai: A proposal in India to attract thousands of tonnes of gold owned by households into a bank deposit scheme will likely fail in its current form as it does not address some key concerns for banks and consumers.Support from banks would...

SBI inks pact with Amazon for payment, commerce solutions

May 20, 2015 at 19:47 | Source: FirstPost

Mumbai: State Bank of India today signed a Memorandum of Understanding (MoU) with e-commerce player Amazon to develop payment and commerce solutions for customers and small businesses."Amazon is a very large company in the digital commerce space...

Sensex surges nearly 250 points; inches towards 27,900 mark; rupee down

May 20, 2015 at 10:19 | Source: FirstPost

Key equity benchmark indices opened on a buoyant note early Wednesday, with the Sensex inching towards the 27,900-mark as heavy buying was seen in power, banking and software shares.A day after the markets ended with a negative bias, the Sensex opene...

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