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Finmin assures state banks of freedom from political interference

Jan 07, 2015

Finmin assures state banks of freedom from political interference

The finance ministry has written to public lenders and other financial institutions, assuring them of full freedom in matters related to commercial decisions, transfers and postings. #finance ministry #Narendra Modi #State lenders #political interference
RBI needs to allow small banks to think big if it wants them to succeed

Sep 21, 2014

RBI needs to allow small banks to think big if it wants them to succeed

Several companies are planning to apply to become smaller banks, including some among those, which failed to win a banking licence in April. #RBI #Financial inclusion #Co-operative banks #Small banks #local banks #money lenders
HDFC bank Q4 results disappoint, slowest growth in over a decade

Apr 22, 2014

HDFC bank Q4 results disappoint, slowest growth in over a decade

India's slowed economic growth has led to a decline in credit and a rise in bad debts, factors which analysts expect will weigh on the profitability of the banking sector this fiscal year. #Economy #India #Banks #HDFC #EarningsShow #lenders #Quarterly profit #slowdown of growth
Banks decide to start recovery of Kingfisher loans

Feb 12, 2013

Banks decide to start recovery of Kingfisher loans

Kingfisher lenders today finally decided to start the recovery process for Rs 7,500-crore loans given to the grounded airline, a top official of State Bank of India said today. #Debt #Kingfisher Airlines #CompanyWatch #lenders
Lenders will give all chances to KFA to restart ops: SBI

Feb 11, 2013

Lenders will give all chances to KFA to restart ops: SBI

Kingfisher lenders will give all chances to the grounded airline to restart operation even as bankers are concerned over their outstanding dues, SBI Chairman Pratip Chaudhuri said today. #Debt #Kingfisher Airlines #SBI #TheySaidIt #lenders
KFA meet inconclusive; lenders want fresh fund infusion

Jan 18, 2013

KFA meet inconclusive; lenders want fresh fund infusion

A meeting between the core lenders group and the grounded Kingfisher Airlines, which is trying to resume operations by next month, ended inconclusively here this evening, as the airline failed to table a concrete revival plan. #NewsTracker #Kingfisher Airlines #Vijay Mallya #lenders #Revival Plan
Tomorrow's meeting with KFA crucial, say lenders

Jan 17, 2013

Tomorrow's meeting with KFA crucial, say lenders

The meeting between bankers and management of ailing Kingfisher Airlines tomorrow is being considered crucial as it will determine the future course of action by lenders. #NewsTracker #Kingfisher Airlines #lenders
Mallya tells lenders money will come, but doesn't say how

Dec 17, 2012

Mallya tells lenders money will come, but doesn't say how

Despite a series of meetings between debt-laden Kingfisher Airlines and its lenders, the airline's promoter Vijay Mallya once again failed to submit a detailed long-term business plan today but was confident of infusing funds to restart operations. #CorporateStrategy #Kingfisher Airlines #SBI #Vijay Mallya #lenders
'Banks will collectively take a view on Kingfisher account'

Oct 26, 2012

'Banks will collectively take a view on Kingfisher account'

Lenders will restructure Kingfisher's Rs 7,000 crore loans, with the Punjab National Bank (PNB) today saying that all banks will have to take decision on it collectively. #Debt #ToWhatEffect #Kingfisher Airlines #DGCA #Punjab National Bank #lenders #loans #Licence
Banks biggest casualty if Kingfisher goes bust

Oct 04, 2012

Banks biggest casualty if Kingfisher goes bust

This is because by monetising collaterals, the lenders won't be able to recover even 10 percent of their outstanding to the airline. #Aviation #Kingfisher Airlines #Ajit Singh #lenders