The 110 accounts the bank had put up for sale in the first week of January include SME accounts and some home loans from individual borrowers. JC Flowers’ offer envisages an 84% haircut for the Mumbai-based cooperative bank.
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays
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