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Nirmala Sitharaman speaks on FPIs

Nirmala Sitharaman speaks on FPIs

Mon, Aug 05, 2019

Finance minister Nirmala Sitharaman speaks on FPIs. Listen in!

Nirmala Sitharaman Meet Bankers for Pre-Budget Consultations Today, Loans on Agenda

Nirmala Sitharaman Meet Bankers for Pre-Budget Consultations Today, Loans on Agenda

Thu, Jun 13, 2019

As part of pre-Budget consultations, Union Finance Minister Nirmala Sitharaman meet bankers, including officials of the Reserve Bank of India (RBI) and other financial institutions, on Thursday.

PNB fraud: RBI just turned up heat on all banks; here is how

PNB fraud: RBI just turned up heat on all banks; here is how

Sun, Mar 11, 2018

PNB fraud: Two jewellery groups were accused last month of defrauding state-run Punjab National Bank (PNB) of more than $2 billion, mostly through fraudulent guarantees based on letters of undertaking (LoUs) issued by rogue bank employees that they used to raise credit overseas. The key accused in the case have denied any wrongdoing.

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IPO hopeful Xiaomi set to blow past 2017 revenue target: Sources

IPO hopeful Xiaomi set to blow past 2017 revenue target: Sources

Fri, Dec 22, 2017

Xiaomi, which has been hearing bank pitches for what could be the world`s biggest tech float next year, will rake in a net profit of at least $1 billion in 2017, banker projections based on the company`s revenue estimate of $17 billion to $18 billion show. Profits are estimated to reach about $2 billion in 2018.

India's record share sales bring banks little cheer in the way of fees

India's record share sales bring banks little cheer in the way of fees

Fri, Dec 22, 2017

India`s main stock indexes surged almost 30 percent in 2017 as investors bet on economic reform and corporate earnings recovery.

Sale of the century? $300-billion Saudi state sell-off moves slowly

Sale of the century? $300-billion Saudi state sell-off moves slowly

Fri, Dec 01, 2017

Saudi Arabia`s $300-billion privatisation programme was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his plan to great fanfare. Nineteen months later, it is moving at a snail`s pace, bankers, investors and analysts familiar with the process say.

Moody's upgrade to benefit financial sector the most: Bankers

Moody's upgrade to benefit financial sector the most: Bankers

Fri, Nov 17, 2017

On the rating revision of SBI and four other banks, SBI chairman Rajnish Kumar said this indicates that the country's financial system remains resilient and robust and poised to support growth

Indians leave bankers in the cold in $23 billion telecoms mega-deal

Indians leave bankers in the cold in $23 billion telecoms mega-deal

Wed, Mar 22, 2017

This week`s $23 billion tie-up between Idea Cellular, controlled by the Aditya Birla Group, and the Indian business of Vodafone Group, is the latest example of a trend that is squeezing major international investment banks.

RBI may remove weekly cash withdrawal limits by February-end: Bankers

RBI may remove weekly cash withdrawal limits by February-end: Bankers

Thu, Jan 26, 2017

Bankers have said that the Reserve Bank of India is likely to remove the weekly cash withdrawal limits for banks as well as ATMs by the end of February this year.

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