Bank Bailouts

IMF extends $336 mn to Lanka amid 'knife-edged' path to debt sustainability

The International Monetary Fund in March this year approved a 48-month, $2.9 billion extended arrangement under the Extended Fund Facility (EFF) to support Sri Lanka's economic policies and reforms

How billionaire Lakshmi Mittal's brother got a $500 mn bailout in Nigeria

Pramod Mittal, whose career in the steel industry has been less glittering than his better-known sibling has a string of abandoned factories and a trail of unpaid debts to his name

Sri Lanka govt needs to do more before a bailout package is finalised: IMF

The IMF on Thursday said it has concluded constructive and productive discussions with Sri Lankan authorities, but warned that the crisis-ridden island nation needs to do more on debt restructuring

Defaulters seek generous bailouts like Siva-IDBI Bank one-time settlement

That deal, approved by 90% of Siva Industries lenders, was signed as there were no other suitable offers; lawyers say it will set a bad precedent

Is greed good?

A more caring India would provide for Universal Basic Income

ICICI Bank gets 7.97% stake in YES Bank with Rs 1,000-cr capital infusion

According to the reconstruction scheme, 75 per cent of the total investment by the bank would be locked in for three years, ICICI Bank said

4 realtors from three cities have requested to avail of bailout fund: FM

More companies are likely to approach the nodal agency for taking benefit of this window from next week, she said

Principles to guide bank bailouts

Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks