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VTB BANK
Iran-US war pushes polymer, resin prices up 60%; plastics exporters squeezed despite ceasefireFreight rates jump up to 10x, polymer prices rise 60%, while supply disruptions and supply chain delays strain MSMEs and the sector's expor...- 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 VTB to launch cross-border money transfers to IndiaRussia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get f...
- 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...
- 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.
- VTB decides to sell pledged shares of Zee promotersVTB has roped in two global advisors, JP Morgan and Citi, for the planned share sale.
- 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 Group continues to be interested in Essar SteelTo become eligible, they have to clear loans defaulted by their associate firms.
- SC asks Numetal to establish subterfuge charge against ArcelorMittal in divesting sharesNuMetal accused steel and mining major ArcelorMittal of cheating Indian banks of Rs 7,000 crore.
- Ruias ready forces for a comeback at Essar SteelThe move will come under fire as the recent IBC amendment aims to stop promoters of such companies from regaining control unless they settl...
- 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...
- Ruias may swing billion dollar cheque from VTBThe Russian bank may fund Essar Global to buy back shares from Essar Energy's minority investors; convert bonds and offers to takeout its e...
- 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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