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India

Devidutta Tripathy

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

23 May 2017

RBI outlines broad plans on $150 billion bank bad loan resolution

MUMBAI The Reserve Bank of India (RBI) outlined on Monday the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the country's banks.

20 May 2017

Top bank SBI fourth-quarter profit jumps but outlook clouded after units' merger

MUMBAI State Bank of India reported its highest profit in six quarters on lower provisions for bad loans last quarter, but investors were wary about the outlook for its asset quality after the amalgamation of its five subsidiary banks from April.

09 May 2017

A step for India's banks, but no giant leap for bad debt

MUMBAI/BENGALURU India's move to strengthen the hand of its central bank will help it push reluctant lenders toward writedowns and errant borrowers into insolvency, bankers said, but the country is far from drawing a line under its $150 billion of sour debts.

06 May 2017

India moves resolution of $150 billion bad debt problem into RBI's court

NEW DELHI/MUMBAI India on Friday tweaked its laws to help tackle a record $150 billion in troubled bank debts, giving the Reserve Bank of India (RBI) greater power to identify and enforce resolution on specific soured loans.

04 May 2017

ICICI Bank sees bad loan additions falling significantly

MUMBAI India's ICICI Bank Ltd expects additions to its bad loans to be "significantly lower" this financial year, its chief executive said on Wednesday, as the lender reported a smaller than expected rise in quarterly profit.

30 Apr 2017

Analysis - Global pension funds warm to India's solar power ambitions

MUMBAI/NEW DELHI Some of the world's biggest pension funds, seeking long-term returns on green investments, are scouting for deals in India's solar power sector, where Prime Minister Narendra Modi is targeting $100 billion in investment in the next five years.

27 Apr 2017

Kotak Mahindra sees bad loans falling, credit picking up

MUMBAI India's Kotak Mahindra Bank Ltd forecast a decline in bad loans and provisioning costs and a pick up in credit growth this financial year after reporting a better-than-expected 40 percent rise in fourth-quarter profit on Thursday.

26 Apr 2017

Axis Bank says "worst is behind" as fourth-quarter profit beats estimates

MUMBAI Axis Bank Ltd, India's third-biggest private sector lender by assets, reported a smaller-than-expected 43 percent fall in fourth-quarter profit and said the worst was over in terms of bad loans that have surged in the past year.

26 Apr 2017

Canadian pension fund CPPIB targets new investment avenues in India

MUMBAI Canada Pension Plan Investment Board (CPPIB), the country's largest pension fund manager, is exploring opportunities in India's financial services, telecoms and logistics sectors to expand its bets in the South Asian economy, CPPIB's Asia Pacific head Suyi Kim said on Wednesday.

26 Apr 2017

Canada's CPPIB eyes new investment avenues in India

MUMBAI, April 26 Canada Pension Plan Investment Board (CPPIB), the country's largest pension fund manager, is exploring opportunities in the financial services, telecoms and logistics space in India as it looks to expand its bets in the South Asian economy, CPPIB Asia Pacific head Suyi Kim said on Wednesday.

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