Tommy Wilkes And Devidutta Tripathy

Stories by Tommy Wilkes And Devidutta Tripathy

ICICI Bank Q1 profit falls 25%, bad loans tick up

ICICI Bank Q1 profit falls 25%, bad loans tick up

Rediff.com   29 Jul 2016

The bank's net profit fell to 2,232 crore for its fiscal first quarter to June 30.

ICICI Pru Life files for India's biggest IPO in six years

ICICI Pru Life files for India's biggest IPO in six years

Rediff.com   18 Jul 2016

Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.

Indian banks need $90 billion to meet Basel III rules: Fitch

Indian banks need $90 billion to meet Basel III rules: Fitch

Rediff.com   5 Jul 2016

With their weak metrics and high bad loans, India's state-run banks have not been investor favourites

India to step up efforts to extend air travel boom to smaller cities

India to step up efforts to extend air travel boom to smaller cities

Rediff.com   1 Jul 2016

Scores of new airports have been built around the country but many are yet to open because airlines do not see sufficient demand as ticket prices are too high for the majority Indians

Indian banks' bad loans may rise to 8.5% by March 2017

Indian banks' bad loans may rise to 8.5% by March 2017

Rediff.com   28 Jun 2016

The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.

Factbox: Potential successors to RBI chief Rajan

Factbox: Potential successors to RBI chief Rajan

Rediff.com   28 Jun 2016

Here is some background on the candidates seen as potential successors to Rajan at the RBI

Next RBI chief faces balancing act on bank clean-up

Next RBI chief faces balancing act on bank clean-up

Rediff.com   27 Jun 2016

As the clean-up has taken hold, loan growth slipped to 10.7 per cent in the last fiscal

Ratan Tata's aviation ambitions a step closer as India opens up

Ratan Tata's aviation ambitions a step closer as India opens up

Rediff.com   23 Jun 2016

The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.

India seen pressing ahead with bank clean-up despite Rajan's exit

India seen pressing ahead with bank clean-up despite Rajan's exit

Rediff.com   19 Jun 2016

Bankers and government officials told Reuters Rajan's successor may be less aggressive in fighting bad loans, but the general direction will remain the same

Decision on new RBI governor soon: FinMin

Decision on new RBI governor soon: FinMin

Rediff.com   18 Jun 2016

Finance Minister Arun Jaitley said in a Twitter post that the government appreciated all of Rajan's good work and respected his decision

Modi reforms flicker in rural India, other big challenges remain

Modi reforms flicker in rural India, other big challenges remain

Rediff.com   13 May 2016

While many promises remain unrealised, power reforms and the creation of tens of millions of new bank accounts have helped Modi maintain his popularity

RBI plans to tighten rules for large corporate borrowers

RBI plans to tighten rules for large corporate borrowers

Rediff.com   12 May 2016

Indian banks would have to make higher provisions for lending to large corporate borrowers above a certain level from next financial year, according to proposals published by the Reserve Bank of India (RBI) on Thursday.

India's bad loans could be more than New Zealand's $170 bn economy

India's bad loans could be more than New Zealand's $170 bn economy

Rediff.com   12 May 2016

State-owned banks account for more than two-thirds of the sector's assets and about 85 percent of bad debts

India's first 'mobile-only' bank is here!

India's first 'mobile-only' bank is here!

Rediff.com   26 Apr 2016

Digibank will offer only savings deposits initially, but will expand to include investments and lending in the coming months.

Banks set to reject Mallya's loan repayment offer

Banks set to reject Mallya's loan repayment offer

Rediff.com   6 Apr 2016

The lenders, led by State Bank of India (SBI), are due to inform the Supreme Court of their decision on the offer at a hearing on Thursday.

India likely to consider Air India stake sale

India likely to consider Air India stake sale

Rediff.com   23 Mar 2016

Indebted Air India, which last made an annual profit in 2007, has seen its market share shrink in recent years.

Pressure on liquor baron Mallya dials up, trademarks seized

Pressure on liquor baron Mallya dials up, trademarks seized

Rediff.com   10 Mar 2016

The banks have asked the court to demand his return and to impound his passport.

Government rushes to roll out more trains as cities swell

Government rushes to roll out more trains as cities swell

Rediff.com   8 Mar 2016

Even if some of those projects remain on paper, the potential for manufacturers and engineering firms is too big to ignore

CBI probing alleged fraud at Syndicate Bank

CBI probing alleged fraud at Syndicate Bank

Rediff.com   8 Mar 2016

The alleged fraud includes the use of fake bills.

Here's how Prabhu plans to cut costs, generate revenue

Here's how Prabhu plans to cut costs, generate revenue

Rediff.com   25 Feb 2016

'We need to look beyond the current approach'.