Setting up of a 'bad bank' can accelerate the resolution of stressed assets in the banking sector but that would also require a credible capital infusion plan by the government, Fitch Ratings said
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India Ratings and Research downgraded Ballarpur Industries Limited's (BILT) Long-Term Issuer Rating to 'IND D' (default status) from 'IND BBB- 'on 22nd February
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Rajnish Narula, CEO - Canara Robeco Mutual Fund speaks to BW Businessworld on markets, GST, the Union Budget and his AMC's plans for 2017
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With the merger of all the five associates, SBI is expected to become a lender of global proportions with an asset base of Rs 37 trillion or $555 billion, 22,500 branches and 58,000 ATMs
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The government will investigate reports of an SBI ATM in South Delhi dispensing fake Rs 2,000 notes and will take all possible steps to control generation of counterfeit currency, a senior minister said on Thursday
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A man got four notes of Rs 2,000 which had "Churan label" written on them in place of the official watermark
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The risks associated with Credit Opportunities Funds aren't too difficult to understand - the deliberately undertaken credit risk could backfire if the issuers of the papers default, dragging down portfolio returns in tow. Our economy isn't quite out of the woods yet; in fact, we witnessed a slew of high profile downgrades just last month
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Many Federal Reserve policymakers said it may be appropriate to raise interest rates again 'fairly soon' should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting released on Wednesday
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