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Total 1272 results found. Search for [ financial institution ]

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Anand Adhikari
New Delhi, May 13, 2021
The government and LIC have taken a decision to offload the equity stake in the development financial institution turned IDBI Bank to a strategic investor. But the big question is at what price the stake will be sold to a strategic investor. At the current valuations, the bank will be sold at a dirt-cheap price.  In fact, the sale should be based on the forward-looking parameters, which are very encouraging for the bank. The bank has witnessed a turnaround with the first-ever profits in the last five years. It has completely shifted from a corporate bank to a retail bank, which is much secured in terms of asset quality. The LIC-IDBI Combo offers a huge opportunity to cross-sell as the insurance giants have crores of customers.  And finally, the new buyer has to pay a control premium for acquiring a large stake and also a banking license, which is difficult to get as there are many aspirants. Anand Adikari, Executive Edtior, Business Today looks at the valuation issues surrounding the stake sale. Also Read : E-investingWatch More: How to make ARCs more effective to manage post-Covid NPAs  

Anand Adhikari
New Delhi, May 12, 2021
Institutional investors, who always focussed on G (governance), are now increasingly engaging with investee companies on the E (environment) and the S (social) part

May 6, 2021
If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per cent of a sick company's outstanding loans

Joe C. Mathew & Ashutosh Kumar
New Delhi, April 29, 2021
With India firmly in the grip of the second Covid wave, the much-expected catapult from a buoyant Q1 is unlikely. How should the Centre steer a slowing economy?

April 28, 2021
Even if there is some delay of a month or two (in repayment), it will not sustain as the pent-up demand will take care of the business and collections. So, I don't see a big risk for NPAs, Umesh Revankar said

April 23, 2021
Nirmala Sitharaman said Budget proposals with regard to disinvestment and setting up of Development Finance Institution (DFI) are on course

Anand Adhikari
April 15, 2021
Citi has announced today its intention to exit from its consumer franchises in thirteen markets across the two regions which include India. This means  the oldest foreign banking entity will be exiting its consumer financing operations in the near future

Ashutosh Kumar
New Delhi, April 14, 2021
Worsening NHAI finances are forcing the government to go back to the build-operate-transfer model for road projects

April 5, 2021
Under the Stand-Up India scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks

March 31, 2021
The Washington-based global lender, in its latest South Asia Economic Focus report released ahead of the annual Spring meeting of the World Bank and the International Monetary Fund (IMF), said that the economy was already slowing when the COVID-19 pandemic unfolded

March 26, 2021
Singh also underlined the need for a uniform Health Care Code (HCC) and an All India Medical and Health Service with the overarching objective of improving healthcare facilities throughout the length and breadth of the country

March 22, 2021
Stock Market News Update Today: Tech Mahindra, Tata Consultancy Services, Sun Pharmaceutical Industries, Dr. Reddy's Laboratories and Infosys were among notable gainers, while IndusInd Bank, Power Grid Corporation of India, ICICI Bank, HDFC Bank, Axis Bank, Reliance Industries were among top losers

March 20, 2021
Amit Khare, Higher Education Secretary, in the meeting, explained that the criteria for the 'Study in India' programme will soon be revised to make it more viable for institutions that have the necessary infrastructure and academic quality to join

Vijay Govindarajan & Anand P Raman
New Delhi, March 18, 2021
Scoring higher on research will be critical to be among the worlds Top 10 B-Schools

March 16, 2021
The approval will benefit the government exchequer in reducing recurring expenditure on salary and wages of the sick CPSE which is not in operation and earning no income.

Nidhi Singal
March 16, 2021
TechEmerge has partnered with IHCL to accelerate the adoption of energy-efficient, affordable, climate-smart cooling technologies and business models in the growing hospitality sector

March 11, 2021
\"The cryptocurrency, which has been debated day-in and day-out, has an underlying technology. In an interconnected economy, interconnected world, we cannot isolate ourselves,\" says Financial Services Secretary Debasish Panda

Ashutosh Kumar
March 9, 2021
The job of the financial sector is to do optimal capital allocation in the economy. Since 90s the key problem is of quality of lending in case of large loans. The exact word is crony lending, said Chief Economic Advisor (CEA) K Subramanian

Hari Hara Mishra
March 8, 2021
The proposed two-tier ARC, AMC framework, ostensibly created with public structure and private sector in mind for the respective entities, may create more problems than they serve

March 5, 2021
The National People's Congress, China's rubber-stamp parliament, will pass the changes at its annual session which opened on Friday and will last a week

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