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Banking 03 Sep 2019 | 7:00 AM

Modi’s bank bailouts may distract focus from growth slump

MUMBAI: India’s biggest bank overhaul in decades may hurt the nation’s bad loan clean-up and slow the lending approvals needed to reverse its economic slump.

Business 16 Jun 2019 | 11:55 PM

Shadow banking crisis raises risk of Indian bad loan redux

MUMBAI: Just as India’s banks emerge from under a pile of bad loans to large energy, steel and other industrial companies, they are facing a new reckoning from the accelerating crisis in the country’s shadow banking sector.

Telcos 21 Sep 2018 | 12:00 AM

5 parties bidding for 74% Malaysian Maxis owned Indian Aircel assets

PETALING JAYA: Five parties have bid to separately purchase assets of mobile service provider Aircel Ltd, which filed for bankruptcy earlier this year, according to reports.

Banking 19 Sep 2018 | 12:00 AM

India to merge lenders to create bank with US$88bil loan book

NEW DELHI: India is considering merging three state-run lenders as it seeks to strengthen the debt-laden banking system in Asia’s third-largest economy.