In March, finance ministry directed PSU banks to divest their holdings as it wants the lenders to raise resources internally to meet their ...

The CAG reports said "promoters and/or directors of the borrower company had given their personal guarantee for the loan".

The Bombay High Court will hear the case between kids' apparel retailer Gini & Jony and its lenders including Barclays Bank PLC on August 7.

Omnitech was born in a spare garage owned by Avinash Pitale's father in Thane, Maharashtra, in 1987. It specialise in offering end-to-end I...

Market has witnessed a relief rally on the back of sanity coming into European mkts & pointers that have been given to solve crisis, says N...

The State Bank of India has said it intends to buy a 91% stake in Global Trade Finance (GTF), reports Our Mumbai Bureau. The transaction is...

Success comes with its own set of problems. Ask DK Sharma, DGM-finance at Advance Detergents, a leading manufacturer of surfactants used in...

Several MNC and Indian banks are looking at picking up stake in Mumbai-based Global Trade Finance (GTF), a big player in the factoring busi...

Established over 100 years ago, Canara Bank is among the top two nationalised banks in the country. With the buzz building up over consolid...

The factoring industry has still not come of age in India. The Reserve Bank of India is making efforts to breathe fresh life into this sect...

The Mohan Group may look at buying out its joint venture partner IFCI’s stake in Foremost Factors, a New Delhi-based firm.

Canara Bank intends to acquire small-sized banks in the south Asian region for growth. The bank says it has already been on the look-out fo...