Slowing growth may lead RBI to cut rates by 25 bps
Some respondents indicated informally that the cut in repo rate could be 15-35 basis points.
Brokerages expect a 25 bps rate cut
The slowdown perseverance is likely to exist in most of FY20, said Emkay.
Sudhir Vaila looks to raise up to Rs 500 crore
Deutsche Bank along with another foreign lender may extend the three-year credit expected to c...
Indiabulls Housing raises $350 million via dollar bonds
The company priced the bonds at 6.37% tighter than the initial guidance of 6.5% and collected about $1 billion from investors.
Average stipend offered for summer internship at IIM Indore up 12%
Female students on an average have received 24% higher stipend than their male counterparts in the summer internship placements, officials said. The highest stipend offered was Rs 4 lakh, the same as the previous year. IIM Indore has the biggest batch strength of 589 students in the class of 2021, including 258, or 44%, girls.
Brokerages raise Bajaj Fin target price on Q4 numbers
Stock gains 6.1% to end at Rs 3,301 after co reported a 57% jump in quarterly profit
Global investors may make a beeline for bad loans
"With the Essar Steel judgment out, it has now become easier for distress asset transactions to happen. Now, it needs to be seen how banks open up to sell their sticky assets," says Jayesh Mehta, country treasurer, Bank of America.
Bajaj Finance shares jump 4% on Q4 numbers; what brokerage say
Brokerages have mixed views on Bajaj Finance after the March quarter results.
Deutsche Bank’s Ravneet Gill joins race to succeed Rana Kapoor at YES Bank
YES Bank has time till February 1 to announce a successor to Kapoor, whose term ends on January 31.
NBFC model still sells, APAC Fin raises fresh equity
The problems appear to be revolving around individual firms and their financial engineering.
Deutsche Bank faces US investigation over work for Malaysia's 1MDB fund
Tim Leissner, another ex-Goldman executive who pleaded guilty last year for his role in the scandal, has been helping with the Deutsche Bank examination.
Stocks under pressure after biggest quarterly drop since 2008
Shares on Wall Street tumbled on Tuesday, with the Dow registering its biggest quarterly fall since 1987.
Deutsche Bank is said to set up bad-loan buying unit in India
The German bank felt the need to have its own asset reconstruction company to buy and reorganize non-performing credit.
Most brokerages positive on Kotak Bank, but some see bumps ahead
CLSA maintained buy rating on the stock and rolled forward target price to Rs 1,665.
Banks to take 55% haircut on Coastal Energen’s debt of Rs 6,500 crore
Lenders have agreed to sell the company’s debt to a consortium comprising Hong Kong’s alternative investment fund SSG Capital and the distressed debt unit of Deutsche Bank. A 55% haircut works out to an upfront cash payment of Rs 2,925 crore, which the lenders will receive in lieu of debt. They have also been offered a 15% equity in the firm.
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