Bailout

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

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

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

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

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

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

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

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

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

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.