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India’s Shadow Bank Tumult Casts a Widening Gloom

A wall of mistrust threatens to feed through to microlenders, hurting the poor and dragging down consumption......»»

Category: topSource: washpostFeb 11th, 2019

India Is Missing the Wake-Up Call From Its Shadow-Bank Bust

Ratings companies and mutual funds refuse to heed lessons from the $12.8 billion bankruptcy of IL&FS Group......»»

Category: topSource: washpostNov 24th, 2018

In Shock Move, India Nationalizes Giant Shadow Bank At Center Of Market Rout

One week after we reported that I.....»»

Category: blogSource: zerohedgeOct 1st, 2018

India"s NPL Crisis Erupts: A Major Shadow Bank Defaults On Three Debt Payments

IL&FS Investment Managers, a unit of India’s Infrastructure Leasing & Financial Services (IL&FS.....»»

Category: blogSource: zerohedgeSep 22nd, 2018

Crypto Startups Barred from Indian Central Bank Fintech Sandbox

The Reserve Bank of India is setting up a regulatory sandbox for fintech startups – but crypto projects are excluded......»»

Category: forexSource: coindeskApr 18th, 2019

ICICI Bank As A Play On India"s Continued Development

ICICI Bank As A Play On India"s Continued Development.....»»

Category: topSource: seekingalphaApr 15th, 2019

Jet Airways pilots defer strike before crunch creditors meeting: report

Pilots at India's Jet Airways have been told by their union to put off a planned strike to give its management and key lender State Bank of India time to strike a deal to keep the debt-laden airline flying, ANI reported on Sunday......»»

Category: topSource: reutersApr 14th, 2019

Lyft"s stock slide casts long shadow on Uber"s IPO

Uber Technologies Inc may face a cooler reception from investors than expected when it prices its initial public offering next month since smaller U.S. ride-hailing rival Lyft Inc's aggressive stock launch and subsequent fall......»»

Category: topSource: reutersApr 11th, 2019

ECB: easy policy unchanged amid global gloom

ECB chief Mario Draghi left the central bank's ultra-easy monetary policy unchanged on Wednesday, warning of 'downside risks' to the economic outlook. David Pollard reports......»»

Category: videoSource: reutersApr 10th, 2019

The downfall of Jet Airways: How India"s premium airline crumbled

In early January, Jet Airways and its main lender, State Bank of India, met with aircraft lessors to assure them there was a plan to rescue the debt-laden carrier so it could pay them, sources familiar with the matter said......»»

Category: topSource: moneycentralApr 9th, 2019

Carlos Ghosn Casts a Dark Shadow Over Corporate Japan

Activist investors could be a big help to Japanese firms struggling with poor performance. But the Nissan saga has everyone running scared on incentives......»»

Category: topSource: washpostApr 8th, 2019

Jet Airways lenders lay out bid terms for 75 percent stake in airline

Prospective bidders of struggling Jet Airways Ltd need to settle the airline's existing debt as part of any deal to buy a stake in the carrier, its consortium of lenders led by State Bank of India (SBI) said in a statement on Monday......»»

Category: topSource: reutersApr 8th, 2019

Reserve Bank of India cuts rates, citing "sluggish" domestic growth, global headwinds

The Reserve Bank of India cut its key policy rate by 25 basis points to 6% from 6.25% on Thursday, a move that weakened the rupee against the dollar. The central bank said since its last meeting in February, "global economic activity has.....»»

Category: topSource: marketwatchApr 4th, 2019

India"s central bank cuts lending rate to 6%

India's central bank has lowered its key interest rate by a quarter of a percentage point to 6% to strengthen domestic growth ahead of a national election next week......»»

Category: topSource: foxnewsApr 4th, 2019

Economy: Brexit casts gloom over UK services, but China cheers

Brexit worries .....»»

Category: videoSource: reutersApr 3rd, 2019

Bond yields spiral lower amid global growth gloom

Asian share markets were painted red on Thursday as recession concerns sent bond yields spiraling lower across the globe, overshadowing central bank attempts to calm frayed nerves......»»

Category: topSource: reutersMar 27th, 2019

Foundation In Place For A Secular Bull Market In India?

The Taj Mahal was built on the muddy bank of the Yamuna river by emperor Shah Jahan. It’s estimated that construction bega.....»»

Category: blogSource: valuewalkMar 19th, 2019

Deutsche Bank to Set Up Asset Reconstruction Unit in India

Zacks.....»»

Category: topSource: redinewsMar 18th, 2019

Deutsche Bank to Set Up Asset Reconstruction Unit in India

Deutsche Bank (DB) decides to set up its ARC in India as it seeks to make profits by buying and reorganizing non-performing c.....»»

Category: dealsSource: nytMar 18th, 2019

Trump loan probe casts spotlight on a small New Jersey lender

A new line of inquiry into President Donald Trump’s business dealings is thrusting a small New Jersey lender into a spotlight with Deutsche Bank AG, which for years has been better known as the real... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 15th, 2019

In "The Letter," M&T Bank CEO talks about fintechs and regulation

René Jones is calling for the regulation of fintechs as part of an effort to decrease the widening economic gap in the United States. In his 2019 letter to shareholders, the chairman and CEO of M&T Bank (NYSE: MTB) says there are risks involved in doi.....»»

Category: topSource: bizjournalsMar 12th, 2019