Decoding disinvestments
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.
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SBI is coming out of the woods
The country’s largest bank reports a profit of ₹838 crore in the March quarter, NPAs decline.
Inside the issue: Fortune India 500
Here’s a sneak peek into the Fortune India 500 special issue which contains the definitive annual ranking of India’s largest corporations.
SBI returns to profit in Q2
After three consecutive quarters of losses, India’s largest lender State Bank of India reports net profit of Rs 945 crore in the September quarter; asset quality improves.
IL&FS crisis deepens with shareholders deferring bridge loan
Group writing to government and RBI, seeking their intervention; Centre not too keen on bailout, say sources.
Rajan blames over-optimistic bankers for bad loans
Rajan suggested the need to improve governance of public sector banks and the process of project evaluation and monitoring to lower the risk of project NPAs.
SBI posts loss for the third straight quarter
SBI reported a loss of Rs 4,876 crore, with provisions more than doubling from last year.
India Inc’s credit crunch
A spate of banking frauds, arrests of the top management at some banks and mounting bad loans have led to drying up of debt from financial system. So who will fund India’s growth story?
SBI’s stock gains over 6% despite Q4 loss
A day after SBI reported its highest ever quarterly loss of Rs 7,718 crore, the stock gained over 6% in early trade driven by positive brokerage reports.
Next year will be that of happiness: SBI Chief
Despite posting a loss of Rs 7,718 crore for the quarter ended March, SBI said next year would be a happy one and that it would look to unlock more value from its subsidiaries soon.
