Reliance Capital, his financial services business that almost doubled its profit in five years, had largely remained insulated from the distress.
Q & A
Edelweiss’s status as India’s top buyer of bad loans has attracted funds such as Caisse de Dépôt et Placement du Québec.
A successful deal would help the winning bidder add a slew of video services in the scramble for user revenue.
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 gover
The deal would be valued at about 34 billion rupees ($480 million) at the top of the price range.
KKR already operates two local non-bank financiers - KKR India Financial Services Pvt and KKR India Asset Finance Pvt - and also manages credit funds
Investcorp Bank BSC plans to provide structured lending to developers faced with borrowing constraints.
IPOs & Markets
SBI’s sale will help bolster its capital buffers as it attempts to grow loans at a faster pace.
The US private-equity firm is considering buying Punjab National Bank’s shares in PNB Housing, which would give it a controlling stake.
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
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