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CHARANJIT ATTRA
SBI appoints former EY Partner Charanjit Attra as new CFOState Bank of India announced the appointment of Charanjit Attra as its new chief financial officer, the lender said in an exchange filing....
Why delay in transition to new accounting standards is not a bad thing for banksWhile banks are heaving a sigh of relief as they get more time to gear up, investors and analysts are somewhat disappointed by the delay.
Wisdom of RBI’s move to restrict trade finance instruments questionableBanks would now need to issue guarantees or letters of credit (stand-by letters of credit which are in the nature of guarantees), in lieu o...
3i Infotech net loss widens to Rs 396 croreMid-sized IT company 3i Infotech today reported widening of losses to Rs 396.08 crore for the March quarter on impairment loss provision of...
Bidders drop out as 3i Infotech’s debt mounts to Rs 2,000 crore3i’s troubles mirror similar woes faced by other promoter-driven peers such as NIIT, which has been looking to sell itself and has had over...
Mid size IT firms like iGate, 3i Infotech and Mphasis face tough conditionsIGate spent $1.2 billion to buy Patni and borrowed money from private equity Apax to fund the deal. 3i binged on foreign currency convertib...
State-run banks to beat rising tide of bad loans as India switches to IFRS“Provisions for loan losses would have to be created on an expected loss model as defined in Ind-AS 109, the standard which has been finali...
- New 3i infotech management sees profitability in 6-12 months
The software products and services company was hurt by several acquisitions, some of which were funded through external borrowings.
- 35 new standards notified, but accounting system fails to meet IFRS norms
This has defeated the purpose of migrating to the International Financial Reporting Standards, or IFRS, which proposes a uniform accounting...