Shayan Ghosh
Stories by Shayan Ghosh
State Bank of India gets shareholder nod to raise up to $2.5b in bonds
In January, SBI had raised $1.25 billion through bonds from the overseas market.
India: SBI puts $2.2b loan exposure to Essar Steel on block
This is SBI’s second attempt to sell its Essar Steel loan exposure after dropping the process in September last year.
Public sector lender Dena Bank to sell properties worth $65m before merger
Dena bank has listed 14 properties, including 6 branches in Mumbai, and issued a request for proposal to appoint a legal consultant for the sale.
ArcelorMittal emerges as sole bidder for Essar’s EPC Constructions India
This is the second Essar Group company, after Essar Steel, that ArcelorMittal is eager to buy.
After steel, ArcelorMittal now sets sights on Essar’s EPC business
ArcelorMittal has reportedly completed due diligence on the company and used the data room open to bidders.
SBI to provide lifeline to NBFCs battered by IL&FS crisis
State Bank of India (SBI) has tripled its loan portfolio purchase goal to ₹ 45,000 crore to rescue cash-strapped NBFCs
India: Canara Bank drags Ratnagiri Gas and Power to NCLT
Canara Bank has filed two separate cases against RGPPL and KLPL under Section 7 of the IBC.
Yes Bank to seek RBI’s nod to extend CEO Rana Kapoor’s term
In June, Kapoor had sought a three-year extension till 31 August 2021, but the regulator had agreed to extend his tenure only till 31 January 2019.
Dena Bank’s board approves merger with Bank of Baroda, Vijaya Bank
The merged entity, comprising two relatively stronger banks and a weak one, will be the third-largest lender in India, after State Bank of India and H
India seeks merger of state-run Bank of Baroda, Dena and Vijaya Bank
The merged entity, comprising two relatively stronger banks and a weak one, will be the third-largest lender in India after State Bank of India and HD
