Banks on the Brink
The unprecedented crisis in the Indian banking sector, which has brought banks’ lending operations to a virtual standstill, means that they can do little to help the economy, which is buffeted on multiple fronts....
The unprecedented crisis in the Indian banking sector, which has brought banks’ lending operations to a virtual standstill, means that they can do little to help the economy, which is buffeted on multiple fronts....
A fishing community in India challenges the bank’s private-lending arm in the US Supreme Court. The US Supreme Court sits more than 12,000 miles from Tragadi Bandar, the patch of India’s west coast where...
By ruling out funding new coal-fired power plants globally, Standard Chartered has sent the message that developing countries such as Vietnam deserve clean air and water. Standard Chartered announced this week that it “will...
The proposed merger of Vijaya Bank, Dena Bank and Bank of Baroda will lead to closure of branches and job losses. This is “inevitable”, say sources, as both Bank of Baroda and Dena Bank...
The 37th Report of the Parliamentary Standing Committee on Energy failed to fix accountability for the NPA crisis in the power sector, while absolving disastrous moves like delicensing. A new report by Delhi-based Centre for Financial...
In a critique of the March 2018 report of the Parliamentary standing committee on energy, CFA has stated that the recommendations suggested by the Committee to address the problem of stressed assets in power...
Debt-laden and deadly, India’s coal-fired power sector continues to suck out large sums and pump in toxic pollutants. Is the country heading into dark times on the pretext of seeing light? TOI analyses various...
A public statement, released jointly by Soumya Dutta of the All-India Bank Officers’ Confederation, Priya Dharshini of the Centre for Financial Accountability, Madhuresh Kumar of the National Alliance of People’ Movements, and Gautam Mody...
India shows how hard it is to move beyond fossil fuels towards a renewable future. Hazaribagh, Jharkhand State DARKNESS is falling as coal starts its long, lawless journey from the pit. The first signs...
Amid the backdrop of the beginning of the 10th BRICS (Brazil, Russia, India, China and South Africa) Summit, activists and community organisations held a picket outside the New Development Bank. The Summit kicked off...
New Delhi, July 14 (IANS): With Japan’s Nippon life Insurance Company purporting to restrict new finance for coal plant projects regardless of their location, a group of environmental NGOs and experts on Saturday hailed...
MUMBAI, India — The Asian Infrastructure Investment Bank on Monday announced support for India’s National Investment and Infrastructure Fund. The $100 million equity investment is the first phase of funding for NIIF, a collaborative platform...
The Asian Infrastructure Investment Bank, which meets in Mumbai this week, needs to prove that its clients have robust social, environmental and disclosure policies and practices. Along the route from Mumbai’s international airport in...
At ₹2,797 crore, State’s share second highest; nil funding for coal-based projects Tamil Nadu is among the States which saw significant lending to renewable energy projects and nil lending to coal projects in 2017,...
Protest mounts against bank’s $200-million offer for proposed $2.1-billion NIIF With the Asian Infrastructure Investment Bank (AIIB) board getting ready to hold its third annual general meeting in the city on June 25 and...