Anto Antony

India’s IDBI Bank looks to pare bad debt by selling $1.4b of loans

The lender’s turnaround efforts gathered pace after the nation’s largest insurer LIC bought a controlling stake in the bank from PM Modi’s government.


Baring, L&T said to be lead bidders for stake in India’s Mindtree

The deal would be valued at about 34 billion rupees ($480 million) at the top of the price range.


KKR scouting for acquisitions of Indian NBFCs, seeks partnerships with local lenders

KKR already operates two local non-bank financiers – KKR India Financial Services Pvt and KKR India Asset Finance Pvt – and also manages credit funds in India.


Bahrain’s $23b manager Investcorp sees sweet spot in India’s realty crunch

Investcorp Bank BSC plans to provide structured lending to developers faced with borrowing constraints.


State Bank of India said to hire banks for $1.4b share sale

SBI’s sale will help bolster its capital buffers as it attempts to grow loans at a faster pace.


Carlyle seeks to double its holding in PNB Housing Finance

The US private-equity firm is considering buying Punjab National Bank’s shares in PNB Housing, which would give it a controlling stake.


Goldman Sachs India CEO sees country’s dealmaking spree continue in 2019

A confluence of factors helped India draw more inbound investments than China for only the second time in a decade. Foreign acquirers struck a record $39 billion of acquisitions in India this year.


KKR seeks to buy assets from stressed Indian NBFCs

KKR’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local NBFCs.


Asia’s richest banker Kotak may acquire rivals to resolve stake dilution woes

Uday Kotak is seeking to meet a year-end deadline to reduce his stake in Kotak Mahindra Bank below 20 per cent. A recent preference share proposal was shot down by the Reserve Bank of India.


Indian billionaire Adani said to near deal to buy GMR power plant

Adani Power will take over about 38 billion rupees ($543 million) of loans out of a total of 58 billion rupees that GMR Chhattisgarh Energy owes.