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We see India"s fiscal deficit, debt higher than peers in FY18: Fitch chief

Deterioration in balance sheets of PSU banks in excess of Fitch expectations may spur rating downgrade, says Thomas Rookmaaker, Director, Sovereign Ratings, Fitch Ratings.....»»

Category: topSource: business-standardMay 1st, 2018

Traders have doubts about India"s bond rally as banks remain net sellers

State-run lenders, the biggest holders of sovereign debt, remained net sellers in five of the past seven days despite the rebound.....»»

Category: topSource: business-standardApr 10th, 2018

Turkey"s Banks Bear Weight of Currency Crisis

Turkey’s banking system is chock full of foreign currency debt to companies. Borrowers who took out loans in U.S. dollars and euros will see the value of their payment obligations skyrocket in lira terms. A slowing economy will also intensify the pain......»»

Category: topSource: wsjAug 14th, 2018

Selloff of Italian Debt Highlights Concerns Over Politics, Banks

A recent selloff in government bonds in Italy has highlighted renewed investor concern over the politics and banks of a country that routinely sparks regional jitters......»»

Category: europeSource: wsjAug 3rd, 2018

Air India gets default notices from banks, aircraft lessors: Business Standard

Three banks and two aircraft leasing firms have served default notices on Air India over the last few weeks, the Business Standard newspaper reported on Monday, raising concerns about the government-owned carrier's state of finances and credit-worthiness......»»

Category: topSource: reutersJul 30th, 2018

Cheatsheet: What you need to know about Robotic Process Automation

For decades, Wall Street has exported back office jobs overseas. India, China, and the Philippines all benefited from the move offshore. The thinking was banks should focus on wha.....»»

Category: blogSource: TradestreamingJul 25th, 2018

Barclays Leads European Banks" Pursuit of Risky U.S. Debt

When an indebted infant health-care company in Atlanta wanted to borrow hundreds of millions of dollars to buy a rival in Pasadena, it turned to a lender thousands of miles away in London......»»

Category: topSource: moneycentralJul 15th, 2018

Bond Vigilantes Won’t Let India Use a Band-Aid on Banks

Bond Vigilantes Won’t Let India Use a Band-Aid on Banks.....»»

Category: topSource: washpostJul 3rd, 2018

Gulf Banks: Understanding Junior Debt Risk In A Basel 3, Bail-In World

Gulf Banks: Understanding Junior Debt Risk In A Basel 3, Bail-In World.....»»

Category: topSource: seekingalphaJul 2nd, 2018

BIS Confirms Banks Use "Lehman-Style Trick" To Disguise Debt, Engage In "Window Dressing"

Several years ago we showed how the Fed's then-new Reverse Repo operation had quickly transformed into nothing more than a quarter-end "window dressing" operation for major banks, seeking to make their balance sh.....»»

Category: blogSource: zerohedgeJun 24th, 2018

Disturbing before-and-after images show how major Wall Street banks could be flooded by 2100

Climate Central/ Google Earth The world's oceans are rapidly rising as waters warm and ice sheets melt.  Coastal cities like New York — much of which lies on an island barely above sea level &mda.....»»

Category: topSource: businessinsiderJun 16th, 2018

Jeweler Behind $2BN Indian Bank Fraud Reportedly Seeking Political Asylum In London

Four months after news of India's largest-ever banking scandal burst into the headlines when authorities discovered that a series of shell companies tied to a famous Indian jeweler had stolen nearly $2 billion from state-owned banks using an .....»»

Category: blogSource: zerohedgeJun 12th, 2018

Air India sale exposes hurdles for Narendra Modi"s divestment drive

Modi's government announced a plan in March to divest a 76 percent stake in Air India and offload about $5.1 billion of its debt.....»»

Category: topSource: business-standardMay 31st, 2018

Air India EoIs: Govt expects offers to "pour in" at the last hour

Air India's new owner has to take over Rs 333.92 billion of the airline's debt.....»»

Category: topSource: business-standardMay 30th, 2018

India, Indonesia are among Asia"s most debt-risky nations: Moody"s

Moody's Investors Service's external vulnerability index puts Indonesia at 51 per cent and India at 74%.....»»

Category: topSource: business-standardMay 29th, 2018

Which Banks Are Most Exposed To Italy"s Sovereign Debt? (Other The The Horribly-Exposed Italian Banks)

Authored by Don Quijones via WolfStreet.com, “Doom loop” begins to exact its pound of f.....»»

Category: blogSource: zerohedgeMay 29th, 2018

United Bank of India net loss at Rs 2.6 billion on bad debt provisioning

For the entire financial year of 2017-18, it had a net loss of Rs 14.5 billion, against a net profit of about Rs 2 billion in 2016-17.....»»

Category: topSource: business-standardMay 28th, 2018

Electrosteel sale status quo hurting banks, lift stay: Vedanta to NCLAT

Vedanta Ltd today asked the National Company Law Appellate Tribunal (NCLAT) to vacate its order for maintaining status quo over the sale of debt ridden Electrosteel Steel. During the proceedings of the appellate tribunal, senior a.....»»

Category: topSource: business-standardMay 28th, 2018

Bank of India Q4 loss triples to Rs 40 billion on bad debt provisioning

The bank's net loss for the quarter fell to Rs 39.69 billion in the quarter ended March, compared a net loss with Rs 10.46 billion in the year-ago quarter.....»»

Category: topSource: business-standardMay 28th, 2018

India"s correlation with global markets goes down; reaches nearly 10-yr low

The disconnect is most pronounced in the bond market, where India's 10-year yields have almost no correlation with a portfolio consisting of global sovereign debt.....»»

Category: topSource: business-standardMay 27th, 2018