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RUSSIAN VTB BANK
VTB Bank’s two-decade journey in India as trade and finance evolveVTB Bank, the first Russian bank in India, has significantly expanded its operations since 2005, facilitating growing India-Russia trade. W...- Russian banks plan FPI arms to invest private wealth in IndiaRussian banks, including VTB, Sberbank, and Gazprombank, are considering becoming foreign portfolio investors (FPIs) to trade on Indian sto...
- Russia’s second largest bank launches direct payments in rupeesRussian SME clients can now make transfers without double conversion, which simplifies the work on foreign trade contracts with India. The ...
- RBI allows HDFC Bank, Canara Bank to open vostro account for Rupee trade with RussiaThe Reserve Bank of India (RBI) on Monday allowed HDFC Bank Ltd and Canara Bank Ltd to open a special "vostro account" for trade in Rupees ...
- Post RBI nod, 9 vostro accounts opened to facilitate overseas trade in rupeeThe move to open the special vostro accounts clears the deck for settlement of payments in rupee for India-Russia trade, enabling cross-bor...
- Who is subject to British sanctions over Russian invasion of Ukraine?Britain's Prime Minister Boris Johnson said the government would be ruthless in pursuing those "who enable the killing of civilians, destru...
- What assets do UK-sanctioned Russian oligarchs have?Roman Abramovich, Igor Sechin and five other Russian oligarchs are the most high-profile figures to be added to the British sanctions list ...
- Russian banks isolated, UK cuts insurance ties with MoscowThe London Stock Exchange said it had suspended nearly 30 listings in Russian companies as sanctions begin to bite.
- India likely to pay for Russian arms in euros to beat US sanctionsRussia's VTB bank agrees to receive money in euros; over $4 b to be paid this year for S-400, frigates.
- VTB Capital petitions Supreme Court to bid alone for Essar SteelTo become eligible, Numetal will have to pay all the dues related to its promoter and not just Essar Steel, much like its rival bidder Arce...
- Lawyers figuring out various bidding options: VTB CapitalBankruptcy laws do not allow promoters of insolvent companies to bid for their assets either directly or through consortium-type structures...
- Russia’s VTB set to make solo bid for Essar SteelSupreme Court had ordered that VTB cannot be barred from the auction process because of US sanctions.
- Russia's VTB Group continues to be interested in Essar SteelTo become eligible, they have to clear loans defaulted by their associate firms.
- Essar stocks fall; group signs pacts with Russian firmsShares of Essar group companies plunged over 7% in intraday trade even as Russian Bank VTB said that it will provide up to $1 billion credi...
- Russian bank to provide up to $1 bn credit to Essar GroupThe agreement to this effect was signed by Essar co- founder Shashi Ruia and VTB Chairman Andrey Kostin in presence of Prime Minister Naren...
- Rosneft says reaches preliminary oil supply deal with India's EssarRosneft has reached a preliminary agreement to supply India's Essar Group with 10 million tonnes of oil over a 10-year period.
- Essar plans to raise $250 million from Russian bank to buy out minority shareholdersThe plan is to raise around $250 million of fresh loans for Essar Energy Holdings to successfully complete the share buy back programme sai...
- Russia's Silvinit gets $1.5 bn loan for potash mineRussian potash miner Silvinit has secured a $1.5 billion, three-year loan from VTB Bank that will allow it to pay for a huge deposit of the...
- Russian bank VTB to open China branchRussia's second-largest bank, VTB, said on Tuesday it is preparing to open a branch in Shanghai after becoming the first Russian bank appro...
- VTB Bank becomes first Russian Bank to open branch in IndiaVTB Bank on Tuesday became the first Russian Bank to open its full service branch in the country to service corporate clients.
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