Edition:
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

22 May 2018

State Bank of India sees rebound after record $1.1 billion fourth-quarter loss

MUMBAI State Bank of India (SBI) projected a recovery over the next two years after a record 77.18 billion-rupee ($1.13 billion) fourth-quarter net loss following stricter central bank rules around bad loans, sending its shares to a nearly six-week closing high.

16 May 2018

Infosys sets up blockchain-based trade finance network with seven banks

MUMBAI India's Infosys Ltd has formed a blockchain-based trade finance network with seven private-sector banks, to increase security and efficiency in the banking sector while also broadening its product offering.

16 May 2018

India's Infosys sets up blockchain-based trade finance network with seven banks

MUMBAI, May 16 India's Infosys Ltd has formed a blockchain-based trade finance network in partnership with seven private-sector banks, to raise efficiency in the banking sector and strengthen its product offerings.

15 May 2018

Fraud-hit PNB suffers biggest ever quarterly loss for an Indian bank

MUMBAI/BENGALURU Punjab National Bank (PNB) reported a 134.17 billion-rupee ($1.98 billion) fourth-quarter net loss on Tuesday, the biggest ever by an Indian lender as the state-run bank booked provisions to cover a massive fraud.

12 May 2018

Bad loans push four Indian state banks to combined $1.74 billion fourth-quarter loss

BENGALURU/MUMBAI Four Indian state banks reported on Friday a combined net loss of 117.29 billion rupees ($1.74 billion) for the fiscal fourth quarter due to a jump in bad-loan provisions following a tightening of the Reserve Bank of India rules.

10 May 2018

Union Bank of India sees improvement after $384 million fourth-quarter loss

MUMBAI State-run Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee ($383.8 million) net loss for its fourth quarter, as bad loans surged following stricter central bank rules.

08 May 2018

Latest bid for Fortis 'more risky', says Manipal CEO

MUMBAI India's privately held Manipal Hospitals had to take a "more risky" approach in its latest bid for domestic rival Fortis Healthcare to see off rival suitors, Manipal's Chief Executive Ranjan Pai told Reuters.

07 May 2018

ICICI Bank posts smallest quarterly profit in two years on bad loan surge

MUMBAI ICICI Bank reported its smallest quarterly profit in two years on Monday as stricter RBI rules forced the country's third-biggest lender by assets to account for more bad loans.

07 May 2018

Two suitors for Fortis raise bids by Tuesday deadline

BENGALURU/MUMBAI Cash-strapped Indian hospital operator Fortis Healthcare Ltd said on Tuesday that two of its five suitors had boosted their bids to invest in the company as of a deadline for binding offers on Tuesday.

07 May 2018

Manipal CEO: had to take "more risky" approach in bid for India's Fortis

MUMBAI, May 7 India's privately-held Manipal Hospitals had to take a "more risky" approach to buy domestic rival Fortis Healthcare Ltd, Manipal's Chief Executive Ranjan Pai told Reuters, because he did not want to lose out to other suitors.

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