Last Friday, Small Industries Development Bank of India (Sidbi) raised Rs500 crore from the market through one-year certificates of deposit (CD), paying 8.32%. Normally, a…
Month: May 2018
SBI too will post Q4 loss, but how much?
Punjab National Bank (PNB) has reported a record Rs13,417-crore loss for the March quarter (Q4). All eyes are now on State Bank of India (SBI),…
Cash crunch: Where has all the money gone?
In the past few weeks, “cash crunch” has become the talk of the town. According to Cambridge dictionary, it is a situation in which a…
The untold story of the Rs45,000 crore service tax claim on banks
For a moment, let’s presume the Indian government has signed off the privatization plan of national carrier Air India. Four investment bankers chosen for the…