State Bank of India
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Company watch: Will coronavirus play spoilsport just as Perfios Software heats up?
Perfios Software Solutions Pvt. Ltd’s topline over the past four financial years shows the firm has well harnessed the blooming...
Finance
Oman India PE fund hits final close of second fund after long slog
Mid-market private equity firm Oman India Joint Investment Fund (OIJIF) has made a final close of its second fund, more ......
Finance
SBI gets new head to wrestle down bad loans worth $17.5 bn
India’s largest lender State Bank of India (SBI) has appointed a new managing director (MD) to manage down gross non-performing...
Manufacturing
Shree Renuka Sugars makes final stab at debt, hopes to shake off NPA image at last
Shree Renuka Sugars, one of the top three sugar makers in India that has been working to shed its non-performing ......
Finance
Carlyle-backed PNB Housing taps another SBI veteran to be CEO
PNB Housing Finance Ltd, which is part-owned by private equity firm Carlyle, has appointed a former head of SBI Cards ......
Finance
Not right to drag all distressed companies into insolvency: SBI MD
Indian banks and financial regulators should look for solutions outside the bankruptcy law to deal with stressed assets that will...
Finance
Warburg Pincus-backed SBI General Insurance gets new CEO
SBI General Insurance Company Ltd, which counts private equity firm Warburg Pincus as an investor, has elevated its deputy chief...
Manufacturing
Once-iconic textile firm enters bankruptcy to weave its way out of crisis
A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset...
Finance
State Bank of India's alternative assets arm gets new chief executive
A senior executive from India’s largest lender State Bank of India will head its step-down unit, SBICAP Ventures Ltd, which...
Finance
Bank mergers keep financial sector in focus but PE deals slip again in Jan-March
India’s banking, financial services and insurance (BFSI) sector recorded seven big mergers in the first quarter of 2020...
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