If the deal goes through, BNP Paribas will have a combined deposit base of around Euro 600 bn and 75% stake in Fortis Belgium. Bank bailouts around the world
PE deals in realty space may lose steam
Private equity deals in real estate may increasingly become scarce in the short term, deepening crisis for cash-starved property firms.
Charles River Ventures to launch $150-m India fund
Charles River Ventures (CRV), the US-headquartered pedigree venture capital firm managing assets around $2.1 billion, is in the midst of launching $150 million India fund.
PE firms face a realty check during market meltdown
The average size of private equity deals in real estate has come down by an annual 60% to Rs 190 crore as the deteriorating market conditions have forced investors to take smaller exposures.
Equitas to raise 10 bn rupees via debt, equity
Start-up firm Equitas Micro Finance India (P) Ltd plans to raise close to 10 billion rupees through a mix of equity and debt to help expand its micro-lending business.
Allahabad Bank eyes 20 per cent loan growth
The city-based public sector Allahabad Bank is targeting a growth of 20 per cent in its loan portfolio and 17 per cent in deposit this fiscal.
Rs.43.11 bn interest for banks on waived off farm loan
State-owned banks will receive Rs.4,311 crore (Rs.43.11 billion) as interest on farm loans of Rs.716.8 billion that were waived off earlier this year under a government fiat.
NABARD to provide micro financial services to 50mn families
NABARD has set for itself an ambitious task of providing access to micro financial services to about 50 million rural families by linking four million self help groups with the banking system in another four years.
Brics sues Lehman for recovery of sale amount
Mumbai-based Brics Securities has filed a suit against Lehman Brothers, India, in Bombay High Court this week, revealed a company source to ET.
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