State-run Andhra Pradesh Power Finance Corporation has defaulted in debt servicing on bonds worth Rs 3,100 crore. Sister states AP and Telengana are at loggerheads over who should paying bond holders.
Tag: State Bank of Hyderabad
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SBH chief rules out merger with SBI at present
M Bhagavantha Rao, Managing Director of State Bank of Hyderabad (SBH) ruled out the possibility of merger of the bank with State Bank of India (SBI) at the moment considering the bifurcation of Andhra Pradesh. It may be recalled that a separate state of Telangana has been carved out from Andhra Pradesh recently and the ensuing political situation is not cond
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Net profit of State Bank of Hyderabad falls 21%
During Jan-Mar 2013, net profit of State Bank of Hyderabad fell 21 per cent to Rs 379 crore compared to Rs 481 crore in the year-ago period. For the full year 2012-13, net profit declined 3.70 per cent at Rs 1,250 crore (Rs 1,298 crore). Total business grew by 16.9 per cent to Rs 2,10,532
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Restructuring should not be considered anathema
Although banking sector stress may have 'bottomed out', as he puts it, India's infrastructure sector remains vulnerable to risks, both inherent and external. Corporate restructuring should not be thrown out the window as a solution for problems that are extraneous to a project.