JC Flowers and its local partner are raising an initial $250 million to take part in the NCLT process.
India has compiled a list of people it is considering barring from leaving the country.
The recovery in India’s rural economy is likely boost profit at companies that specialize in credit to villages.
Creditors of Binani Cement will support the bid by an investor group led by Dalmia Bharat.
A committee of Binani Cement creditors approved the resolution plan from a consortium led by Dalmia Bharat.
WhatsApp Stirs Up India Market With Push Into Digital Payments
Blackstone’s concentration on consumer and IT is likely to lead most wealth creation in India.
Bandhan Bank has set the price range for its IPO at Rs 370-375, to raise as much as Rs 4,473 crore.
HDFC Bank has appointed Bank of America, Morgan Stanley and Credit Suisse Group for a Rs 15,500 crore share sale.
A committee of Essar Steel creditors has postponed a meeting to discuss the offers, according to the people.
The Enforcement Directorate has written to the heads of 31 banks asking to meet officials about the fraud.
Barclays itself only has six branches in India, so agreement with India Post allows it to punch above its weight.
The chief of India’s biggest bank called for an industry-wide review of risk controls in day-to-day operations.
Foreign lenders are now reluctant to accept the guarantees from their local counterparts that underpin loans.
Investor group led by Dalmia Bharat with backing from Bain Capital bid the most for India’s Binani Cement.
RBI will review the process of overseas borrowing due to concerns regarding rupee’s volatility.
Advisers evaluating the offers for Essar Steel suggest that both bids for the insolvent company be disqualified.
Bank of Maharashtra to recall perpetual bonds worth $231 million to pare debt and reduce risk.
Billionaires Rakesh Jhunjhunwala and Radhakishan Damani together also made an offer for Binani Cement.
An investor group led by Dalmia Bharat, with backing from Bain Capital, submitted the highest bid for Binani Cement.
PNB fell the most in a week after reporting a $1.8 billion fraud in a Mumbai branch.