India sees $15.6 bn hit on state lenders from coal verdict
A Supreme Court order scrapping most coal extraction permits given to companies would have a likely impact of Rs 964.84 billion ($15.6 billion) on state-run lenders, the junior finance minister told parliament on Friday.
Nov 28, 2014, 12:21 PM IST
Govt considering plan to reduce stake to 52% in state banks
The government holds stakes ranging from 56 percent to 84 percent in the state-run banks that account for 70 percent of India`s total outstanding loans of about $1 trillion.
Nov 28, 2014, 12:03 PM IST
