Currently, the government holds over 80 percent equity in many public sector banks, making it the majority owner
Indian Banking
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Adani Enterprises
Adani scandal: Congress leader Rahul Gandhi demands parliamentary probe on the issue
India’s “global reputation is on the line”, Gandhi said, after the OCCPP report, carried by London’s Guardian and The Financial Times, alleged financial violations by the politically connected Adani family
Adani Enterprises
Adani scandal: Fresh accusations of stock manipulation levelled against India company
The Group denies any wrongdoing after an OCCRP report that millions were invested in Adani stocks by ‘opaque’ Mauritius-based funds
bank loans
Indian banks’ margins to face pressure in FY24, says Fitch Ratings
The agency raising doubts on profitability of Indian banks assumes added significance amid the increased scrutiny they are subjected to of late over their exposure to the embattled Adani Group
Adani Enterprises
Adani scandal: India reveals investigation into Adani freefall, potential to tank country’s banks
The country market watchdog is also reportedly examining the rout of Adani Group shares and looking into any ‘possible irregularities’ in the $2.45 billion FPO of its flagship company
Abu Dhabi Commercial Bank
Abu Dhabi lender agrees to sell majority of Indian banking business
Abu Dhabi Commercial Bank says it will exit its Indian operations following sale to DCB Bank
Abu Dhabi Investment Authority
India mulls FDI move to attract more Middle East investors
India is considering allowing foreign investment funds to buy stressed loan portfolios of banks
banking
India’s RBI cuts repo rate, announces ‘accommodative’ policy stance
The move marks the third consecutive cut in interest rates effected by the RBI this calendar year.