A whopping Rs 53,000-crore exposure of Indian banks to seven state electricity boards (SEBs) has a “very high probability” of turning into non-performing assets (NPAs) in the quarter ending September, the Reserve Bank of India (RBI) said in its Financial … Continue reading
Private equity investors Bain Capital and TPG have transferred their shares in Lilliput Kidswear to promoter Sanjeev Narula, ending a months-long public spat and helping the kidswear brand join a growing club of struggling retailers making a comeback to woo potential … Continue reading
Indian markets have been one of the worst performers globally for 2011. Rupee has set a new all time lows of Rs. 52/ $, with RBI feeling helpless to do anything about it. Inflation is still the untamed monster, not yielding … Continue reading
RBI, has expressed concerns on asset quality of debt restructured during the 2008 credit crisis and has indicated NPA’s may see a sharp surge if the same were to turn bad. “There was always a concern with regard to the … Continue reading