Home loans also pose lower bad-debt risks for the banks than corporate loans.
European Union steel prices hit their lowest since 2004
Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check
Suspicions have swirled for years that many of Sahara's millions of investors are fictitious names
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
ICICI Bank has the largest proportion of SDR loans as a percentage of its total, followed by state-run United Bank of India and Canara Bank.
The changes would be the most ambitious overhaul to date of rules governing the liquidation or revival of companies in India.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
Coffee Day Enterprises Ltd is backed by KKR & Co.
Across India, decades of mismanagement and political meddling have left utilities selling electricity below cost and turning a blind eye to rampant theft.
At the current market price of the stock, that stake would be valued at about $1.5 billion.
A total of 41 companies had applied for the permit
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.
Bad debt rules are steps in right direction.
State Bank of India expects decent growth in FY16.
Despite Indian economy recovering, there is very little room for loan growth, say bankers.
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
Axis Bank has reported a better-than-expected 18.4 per cent increase in quarterly net profit.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances