Vishwanath Nair
Stories by Vishwanath Nair
India: Is mobile wallet Mobikwik treading on thin ice with ‘annual profit’ offer?
Mobikwik, a mobile wallet company, has announced that it will offer a 6% “annual profit” to its customers who maintain a monthly balance of at lea
India: Amtek Auto to sell stake to infuse capital into business, pare debt
Amtek will also reorganize its business and offer board seats to the investors, said vice-chairman and managing director John Flintham, suggesting tha
Does India need a government sponsored stressed asset fund?
The Indian government is considering setting up a stressed asset fund, minister of state for finance Jayant Sinha confirmed.
India: Alok Industries plans demerger to find buyers, move to reduce debt pile
Alok Industries Ltd, which makes cotton and polyster yarn, apparel fabric, garments and home textiles, plans to separate its operations into two or th
With SBI mega merger, India may soon have a global Top 50 bank
A merger would create a banking behemoth with a balance sheet size of Rs 37 trillion, SBI chairman Arundhati Bhattacharya said. That would be more tha
IFC taps opportunities in bad-loan market, in talks with Indian stressed asset managers
IFC is assessing whether the attempt to clean up bank balance sheets provides an opportunity for patient capital that may help revive troubled assets.
High-profile financial sector executives turn to Indian NBFCs for second innings
Anshu Jain and Bhupinder Singh, once top executives at Deutsche Bank, are reportedly doing the groundwork to set up an NBFC backed by Japan’s SoftBa
India: Stressed asset specialists queue up for RBI licences to start ARCs
PE firm JC Flowers, IIFL Holdings among a dozen entities who have applied for an ARC licence
