ICICI Bank puts up a good show in Q4.
Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground
Banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.
Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.
Lenders fret over stubbornly weak credit growth and still high funding costs.
India's state banks are under pressure to improve profitability.
State-owned banks have amassed bad loans faster than private sector lenders.
RBI moves to restrict bank exposure to corporate loans.
Spanish bank denies credit line to bail Sahara boss.
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
The top court last week gave Sahara a final chance to raise funds.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
The SBI auction will be the biggest nationwide online sale.
MUDRA bank will help microfinancing firms to lend more.
Sahara told the top court this week it was considering other proposals to raise funds, including selling a luxury development outside Pune.
They need to have 15 years of mainstream banking experience
Sahara relied on a letter from bank saying the funds were there.
Telecoms investor Aditya Birla Nuvo Ltd and retailer Future Group were among the first big names to apply for licenses to run so-called payments banks
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
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