Bailout

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Bailout - Total results - 73
Punjab National Bank receives Rs 2,816 crore as part of government's capital infusion plan
Business

Punjab National Bank receives Rs 2,816 crore as part of government's capital infusion plan

The government has approved capital infusion in five public sector lenders, namely PNB, Allahabad Bank, Andhra Bank, Indian Overseas Bank and Corporation Bank.

LIC gets IRDAI nod for IDBI Bank buy: NPA-ridden lender gets a policy cover and the insurer, a risky bet
Business

LIC gets IRDAI nod for IDBI Bank buy: NPA-ridden lender gets a policy cover and the insurer, a risky bet

LIC is using the insurance premium it collected from customers to bailout IDBI Bank, and should the experiment go wrong, it will have to answer the customer first.

Greece bailout: Eurozone ministers agree to give more loans
Business

Greece bailout: Eurozone ministers agree to give more loans

Eurozone finance ministers on Wednesday agreed to extend further bailout loans to Greece as well as debt relief, in what they called a "major breakthrough".

Greek lawmakers back bailout package ahead of EU, ECB talks
World

Greek lawmakers back bailout package ahead of EU, ECB talks

Greek lawmakers have backed a deeply contentious bailout package, clearing the first hurdle towards securing a rescue hours before fresh talks between eurozone ministers but leaving the radical left government in Athens weakened.

Debt crisis: Greek parliament approves austerity steps for bailout amid unrest, dissent
World

Debt crisis: Greek parliament approves austerity steps for bailout amid unrest, dissent

Tsipras said there was no alternative to the package, which he acknowledged would cause hardship, but he stood by the decision

What relief? Greek economy is on its knees despite bailout deal
World

What relief? Greek economy is on its knees despite bailout deal

Greece has a tentative rescue deal, but relief that it is not falling out of the euro is unlikely to last long: its economy has taken a huge hit.

White House hails Greece deal  as 'credible step' on path to economic recovery
World

White House hails Greece deal as 'credible step' on path to economic recovery

The White House hailed a bailout deal between the eurozone and Greece on Monday as "a credible step" on the long path to economic growth and debt sustainability in the hard-up country.

Debt crisis: Greece faces D-Day after 'difficult' bailout talks halted
World

Debt crisis: Greece faces D-Day after 'difficult' bailout talks halted

Greece on Sunday faced a final EU summit to clinch a deal that would stop Athens crashing out of the euro after divided eurozone ministers halted "very difficult" talks on a new bailout overnight.

Dissent from rebels, but Greece PM gets parliament mandate for seeking fresh credit line
Business

Dissent from rebels, but Greece PM gets parliament mandate for seeking fresh credit line

The measures received nitial green light from European Union and International Monetary Fund before a crucial meeting of the 19 euro zone finance ministers in Brussels

Greece submits new bailout plan to Eurozone creditors
World

Greece submits new bailout plan to Eurozone creditors

Greece has submitted to its eurozone creditors a new bailout plan proposing a pensions overhaul and tax hikes in return for debt relief and a three-year rescue loan, a government source said early Friday.

Eurozone in limbo as Greece votes on high-stakes bailout referendum today
Economy

Eurozone in limbo as Greece votes on high-stakes bailout referendum today

Greece and the entire eurozone are in limbo as the country votes in a crucial referendum on bailout conditions on Sunday.

Financial future at stake: Greece set to vote in historic bailout referendum
World

Financial future at stake: Greece set to vote in historic bailout referendum

In a historic, rushed referendum that looks too close to call, Greece is voting whether to accept worsening austerity or back the government's rejection.

One day later in Greece: The more things change, the more they remain same
Business

One day later in Greece: The more things change, the more they remain same

Greece has defaulted on the payment of 1.6 billion euros that it had to make to the International Monetary Fund (IMF) by the end of the day yesterday (i.e. June 30, 2015) This is the first instance of a developed country defaulting on a payment that it owed to the IMF.

Greece ready to call off referendum, Eurozone finmins to evaluate new proposals
World

Greece ready to call off referendum, Eurozone finmins to evaluate new proposals

Greece leaders pushing new terms for a possible third bailout

Greece hit by closed banks, warnings from eurozone as talks break down
World

Greece hit by closed banks, warnings from eurozone as talks break down

Anxious pensioners swarmed closed bank branches on Tuesday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a 5 July referendum.

Pensioners queue outside Greek banks amid withdrawal limits
World

Pensioners queue outside Greek banks amid withdrawal limits

Banks and ATM machines were shut throughout Greece on Monday, the first day of capital controls announced by the government in a dramatic twist in the country's five-year financial saga.

Bailout: EU Commission welcomes Greek list as 'valid starting point'
World

Bailout: EU Commission welcomes Greek list as 'valid starting point'

An official at the European Union's executive branch said on Tuesday that the list of reform measures Greece has sent to its creditors in order to get final approval for a 4-month bailout extension "is sufficiently comprehensive to be a valid starting point."

Ukraine, IMF in deal for $17.5 bn bailout, says Lagarde
World

Ukraine, IMF in deal for $17.5 bn bailout, says Lagarde

The IMF and conflict-torn Ukraine have reached a preliminary deal on a new financial rescue plan worth $17.5 billion that could be a "turning point" for Kiev

Air India's cost-cutting plan: No 5 star hotels for staff, loss-making routes to be stopped
Business

Air India's cost-cutting plan: No 5 star hotels for staff, loss-making routes to be stopped

After a long spell of losses, Air India had recorded a net profit of Rs 14.6 crore in December last on account of a healthy growth in both passengers and cargo revenues.

Go, fend for yourself: SBI will not bail out SpiceJet; other banks wary too
Economy

Go, fend for yourself: SBI will not bail out SpiceJet; other banks wary too

In the recent years, banks have been risk-averse to lend to the aviation sector on account of its high-risk nature, especially after the Kingfisher loan default