The six-month loan moratorium and subsequent asset quality suspension rules have masked the pain on banks’ balance sheets, according to the Reserve Bank of India. The gross bad debt ratios of certain leading banks should have been higher by 19-60 basis points, had they continued to report bad loans normally, …
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Stressed US-based asset buyer Oaktree Capital Management proposes to offer more money to Dewan Housing Finance Corp.’s financial creditors as the bidding war intensifies. Oaktree Capital proposed to increase its down payment for the beleaguered home finance company by another Rs 1.7 billion, according to two people with direct knowledge …
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The Delhi High Court rejected Future Retail Ltd.’s request that Amazon.com Inc. should be prevented from writing to legal authorities. Statutory authorities and regulators must decide in accordance with the law, the higher court said. Future Retail, led by Kishore Biyani, had approached the court to direct the US online …
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Retail investors are betting on the initial public offering of Mrs. Bectors Food Specialties Ltd., a McDonald’s supplier to KFC, on the first day of subscription. The broadcast was subscribed 1.54 times at 12:27 p.m. on December 15, according to data compiled from Edelweiss Partners. The IPO will close on …
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