India will inject at least Rs 13,500 crore into state-controlled banks this month.
The government is likely to infuse $290 million into PNB to help meet dues on its perpetual bonds.
IDBI’s board will approve a preferential sale of shares to LIC at a meeting soon.
How PNB is looking to report the nation’s biggest bank profit.
India’s central bank forecasts the bad-debt numbers to worsen next year.
The government has been trying to sell IDBI Bank, which has the highest bad-loan ratio among state-run lenders.
Government to focus on improving Air India’s operations.
The plan is to speed asset sales after a disastrous attempt to find a buyer for the cash-strapped national airline.
Modi’s offer to sell flag carrier Air India attracted zero interest from investors.
India sees a greater probability of global crude oil prices remaining high for a longer period.
India’s state-run oil retailers are said to have been asked not to increase retail diesel and gasoline prices.
The finance ministry has called for a meeting of primary dealers to discuss its near record bond-sale program.
India Cuts First Half Borrowing Plan in Surprise to Markets
Government expects to receive $1.5 billion as interim dividend from RBI this month, sources said.
The extent of any loss to PNB from the fraud is unclear, as is how much it could get from the sale of Bhushan Steel.
ONGC to sell its holding in Indian Oil, GAIL to repay the debt it raised for acquiring stake in HPCL.
The ETF will offer investors a basket of bonds issued by 15 companies, including ONGC, REC, HUDCO and NTPC.
The government is hoping that a stronger banking system will help in bolstering loan growth.
India is considering a plan to sell its ownership in Hindustan Petroleum to the nation’s biggest explorer
Indian government seeks parliament approval to issue $12.6 billion worth bank recap bonds, to be sold by March 31.
India took another step towards cleaning up a banking system riddled with bad loans