Lead by PSBs, NPAs soar 34.5% in Q3; pain to linger on: Report

Feb 13 2018

The issue of impaired assets may be far from over for the banking system as gross non- performing assets have grown by 34.5 percent in the Dec quarter, says a report.

Bankers may get notes to help push industry line on Brexit

Dec 16 2017

Bankers may be given a cribsheet to help the industry push for close ties with the EU following Brexit, according to a document.

Citigroup plans hiring drive as it re-enters Saudi Arabia

Oct 25 2017

Citigroup wants to hire up to 20 bankers in Saudi Arabia, where it plans to formally begin operations in the after obtaining an investment banking licence.

US bankers hold onto hopes that Trump will boost profits

Oct 18 2017

Top U.S. bankers are still hoping the President Trump’s administration will make policy changes to boost profits, but made clear in public comments in recent days.

French bankers weighing Brexit face Paris pressure to come home

Oct 09 2017

While most London-based bankers are brushing up on their German to prepare for a move to Frankfurt post-Brexit, senior staff at French investment banks to say “Oui”.

Macron looks to stamp 'non' on banker-style jobless payouts

Sep 26 2017

When the global financial crisis erupted in 2008, some expat French bankers who lost their jobs in London returned home to collect unemployment benefits .

Retail stocks lag quiet European mkt open on competition worries

Aug 25 2017

Fresh worries over competition hit Ahold and other European retail stocks in opening deals as the broader market inched higher ahead of speeches by central bankers.

Low world inflation dogs central bankers, even as economies grow

Aug 25 2017

The world’s top central bankers gather in Jackson Hole, their confidence bolstered by a sustained return to economic growth that may eventually allow the ECB.

World stocks steady; focus on Jackson Hole keeps market cautious

Aug 24 2017

World stocks steadied after two turbulent weeks as geopolitical worries eased in Asia and caution prevailed on the day the annual Jackson Hole gathering.

Gold eases ahead of Jackson Hole central bankers meet

Aug 24 2017

Gold nudged lower, giving up some of its gains made after US President Donald Trump's threat of a government shutdown.

Indian Markets


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Global Markets


Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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