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☆ India's banking system is resilient to U.S. banking stress, says State Bank of India's chairman
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's banking system is resilient to U.S. banking stress, says State Bank of India's chairmanDinesh Kumar Khara, chairman of State Bank of India, discusses the characteristics that make India's banking system "structurally different" from some U.S. banks.

☆ Pictures of the month: March
▼ + stars: | 2023-03-31 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

A woman dresses up her child at a hospital in Bamiyan, Afghanistan,. Since taking over in 2021, Taliban authorities have barred women from universities and most charity jobs, but they have made exemptions in the healthcare sector, such as the trainee...moreA woman dresses up her child at a hospital in Bamiyan, Afghanistan,. Since taking over in 2021, Taliban authorities have barred women from universities and most charity jobs, but they have made exemptions in the healthcare sector, such as the trainee midwife program that has been spearheaded by the U.N. refugee agency (UNHCR) with a local NGO, where young women train for two years in the provincial capital hospital as midwives, after which they will return home to help the women in the community. Picture taken March 2. REUTERS/Ali KharaClose

☆ Young Afghan women train as midwives for out-of-reach villages
▼ + stars: | 2023-03-07 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

A mother holds her child as she rests in her arms, while women line up outside of a doctor's room, at a hospital in Bamiyan, Afghanistan. "When the roads are blocked of course there are no means of transportation, people even use donkeys to move the...moreA mother holds her child as she rests in her arms, while women line up outside of a doctor's room, at a hospital in Bamiyan, Afghanistan. "These students can help in each village, in each district with deliveries." Picture taken March 2, 2023. REUTERS/Ali KharaClose

☆ Adani group firms pledge shares for lenders of flagship company – SBICAP Trustee
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +2 min

Feb 11 (Reuters) - Three Adani group companies have pledged shares for lenders to the Indian conglomerate's flagship Adani Enterprises (ADEL.NS), which pulled a $2.5 billion share sale during a recent market rout, the debt trustee firm said. Adani Ports and Special Economic Zone (APSE.NS), Adani Transmission Ltd (ADAI.NS) and Adani Green Energy Ltd (ADNA.NS) pledged shares to SBICAP Trustee Co, the firm said in Friday filings to the Bombay Stock Exchange. SBICAP Trustee said it had received the pledges in its capacity as "security trustee" of the lenders of Adani Enterprises. Fitch estimates that loans to all Adani group entities account for 0.8% to 1.2% of total lending by Indian banks rated by the agency. The Adani exposure of Indian banks is not enough to affect their credit profiles, two global rating agencies have said.

☆ India's largest lender discusses exposure to Adani
▼ + stars: | 2023-02-09 | by ( Tanvir Gill | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's largest lender discusses exposure to AdaniDinesh Khara of the State Bank of India speaks to CNBC's Tanvir Gill about the Adani crisis and the bank's exposure to the company.

☆ Indian banks' exposure to Adani group "insufficient" to pose credit risk - Fitch
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +3 min

MUMBAI, Feb 7 (Reuters) - The exposure of Indian banks to the embattled Adani Group is "insufficient in itself" to present a substantial risk to the credit profiles of these lenders, Fitch Ratings said in a note on Tuesday. Fitch estimated that loans to all Adani group entities generally account for 0.8%-1.2% of total lending for Indian banks rated by the agency, equivalent to 7%-13% of total equity. SBI's total exposure was 0.9% of its total loan book, or around 270 billion rupees, Chairman Dinesh Kumar Khara has said. Additionally, most of the bank's exposure to the Adani Group was secured by completed and cash-generating assets while the rest of the exposure was to on-schedule, under-construction projects, said CreditSights. Fitch, however, cautioned that Indian state banks could face pressure to provide refinancing for Adani entities if foreign banks scale back their exposure or investor appetite for the group's debt weakens in global markets.

But the market turmoil led its flagship Adani Enterprises (ADEL.NS) to abandon a $2.5 billion secondary share offering on Wednesday, prompting concerns at lenders. 1 lender, SBI says the bank has about 270 billion rupees ($3.3 billion) in loans to Adani Group. Bank debt forms 38% of the total debt of 2.1 trillion rupees at the top five Adani companies, according to a Jefferies report. Senior executives at six other Indian lenders, with exposure to Adani companies, told Reuters they had also decided to tighten the credit approval process for Adani. India's central bank has asked local banks for details of their exposure to Adani companies, Reuters reported on Thursday, citing government and banking sources.

[1/3] Sister of Amrullah, a child who died due to cold, stands at her home in Kabul, Afghanistan, January 30, 2023. They took baby Amrullah to hospital around two weeks ago for coughing and congested lungs. "The night that I lost my baby it was terribly cold, I was trying to… warm my baby boy, but I couldn't succeed," she said. "I am ... always thinking of my baby boy and my two other small children, they are also sick, I don't want to lose them as well," she said. "May God spare other mothers the pain of losing their children," Shamila said, by the rock marking his grave.

MUMBAI, Jan 27 (Reuters) - Some of India's leading public sector banks said on Friday their exposure to the Adani Group was within the limits prescribed by the central bank, assuaging fears of default risks from their exposure to the conglomerate. Public sector banks in India have in the past been hit by massive corporate defaults. The board will take any decision on the bank's exposure to the group only after that, the official said. The Adani Group comprises the flagship Adani Enterprises Ltd (ADEL.NS), as well as Adani Ports and Special Economic Zone Ltd (APSE.NS), Adani Power Ltd (ADAN.NS), Adani Green Energy Ltd (ADNA.NS) and Adani Transmission Ltd (ADAI.NS). For public sector banks, the debt is at 0.7% of total loans and for private banks, it is at 0.3%.

☆ India is a true bright spot in the midst of a global downturn, top execs and policymakers say
▼ + stars: | 2023-01-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

But India does shine out among the world's biggest economies, with Europe hovering on the brink of potential recession and U.S. growth slowing. "It's for the whole digital India, and creating a digital society in India," Ekholm told CNBC. watch nowIndia, he continued, "will very shortly have the best digital infrastructure outside of China," driven by telecoms juggernauts Bharti Airtel and Jio, he added. Strong tailwinds"We are very optimistic and very positive on India," the chief executive of Tata Consultancy Services, Rajesh Gopinathan, told CNBC. As Anish Shah, chief executive of Mahindra Group, told CNBC: "India will get impacted.

☆ A fatal winter in Afghanistan
▼ + stars: | 2023-01-26 | by ( Jillian Kumagai | ) www.reuters.com time to read: 1 min

Ashour Ali, 30, with his children poses for a photograph in his house in Kabul, Afghanistan, January 26, 2023. "This year, the weather is extremely cold and we couldn't buy coal for ourselves," he said, adding the small amount he makes from his shop...moreAshour Ali, 30, with his children poses for a photograph in his house in Kabul, Afghanistan, January 26, 2023. "This year, the weather is extremely cold and we couldn't buy coal for ourselves," he said, adding the small amount he makes from his shop was no longer enough for fuel. REUTERS/Ali KharaClose

☆ U.N. aid chief asks Taliban authorities for more exemptions to female NGO worker ban
▼ + stars: | 2023-01-25 | by ( Charlotte Greenfield | ) www.reuters.com time to read: +3 min

KABUL, Jan 25 (Reuters) - The U.N. aid chief said on Wednesday the humanitarian community was speaking with Taliban officials to try and gain further exemptions and written guidelines to allow some female aid workers to operate despite a ban on women NGO staff. Taliban authorities ordered NGOs, many of whom carry out operations for the United Nations, to stop most female staff working last month. Griffiths said some exemptions to the ban had been granted in health and education and they were hearing signs of a possible exemption in agriculture. A spokesperson for the Taliban administration did not immediately respond to a request for comment on its plans over guidelines. "It's very important to engage with the Taliban movement as a whole, that includes ... Kandahar, and also with Taliban at the provincial levels," he said.

☆ Top diplomats, former UN officials seek to fix 'Wild West' of peacemaking
▼ + stars: | 2023-01-20 | by ( Emma Farge | ) www.reuters.com time to read: +3 min

But the framework's proponents, who have just completed a two-year consultation period in dozens of countries, say today's peace brokers are applying the wrong strategy. "You could say 'Why the hell are people talking about peace when the whole thing falls apart?' "Right now the peacemaking space is like the Wild West," said Hiba Qasas, the executive director of the Principles for Peace Initiative, who is Palestinian and a former U.N. official. Current shortcomings are widely acknowledged and U.N. chief Antonio Guterres is working on a so-called "New Agenda For Peace" this year. (This story has been corrected to change "UN officials" to "former UN officials" in the headline)Reporting by Emma Farge; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ SBI chair: Every country has the right to ensure their energy security
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSBI chair: Every country has the right to ensure their energy securityDinesh Kumar Khara, chairman of State Bank of India, speaks to CNBC about the resilience of the Indian economy.

☆ Cricket Afghan fans disappointed at Australia cancellation over women's rights
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +3 min

[1/6] An Afghan man plays cricket on the snow-covered ground at the Chaman-e-Huzori field in Kabul, Afghanistan, January 13, 2023. "The decision by Australia made us very disappointed," said 25-year-old fruit seller Abdullah. Australia were scheduled to play a test match against Afghanistan in November 2021 but the fixture was postponed after the Taliban took power in August that year. The Afghanistan Cricket Board (ACB) has criticised Australia's decision, saying it had put political interests over sportsmanship and that cricket had contributed to education and social development in the country. Cricket Australia chief executive Nick Hockley defended the decision, saying "basic human rights" are not politics.

[1/5] A doctor visits patients in a hospital following an increase in the number of pneumonia cases in Kabul, Afghanistan, December 17, 2022. Every time 10-month old Rahmat's parents bring him home from the crowded, but warmer hospital, they say he gets sick again. Doctors and aid workers say thousands of children are being admitted to hospital with pneumonia and other respiratory diseases caused by the cold and malnutrition. Hospital figures showed more than 6,7000 children were admitted in November for pneumonia, coughs, asthma and other respiratory conditions, compared to around 3,700 the same month the previous year. In a ward dedicated to pneumonia patients at the hospital, babies lay two or three to a bed, with worried parents and a handful of stretched medical staff overseeing them.

☆ Native Hawaiian women and girls experience sex trafficking and violence at alarming rates, report says
▼ + stars: | 2022-12-20 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

Native Hawaiian women and girls experience disproportionate levels of violence, and those inequities have long been insufficiently addressed, new research shows. “It’s the collision of hatred of Native Hawaiians and hatred of women that just makes it harder for women’s pain and specifically Native Hawaiian women’s pain to register,” Jabola-Carolus said. Military occupation remains an enduring structure of the U.S. colonization of Hawaii, which researchers point to as the basis for the inequities Native Hawaiian women and girls experience today. Inequities for Native women and girls are also intertwined with the failures of those with legislative power to recognize these Native Hawaiian issues, the report said. But services allocated to specifically help Native Hawaiian survivors of gender-based violence were inadvertently excluded from that funding.

☆ Senate passes bill to include Native Hawaiian sexual violence survivors in funding
▼ + stars: | 2022-11-18 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +4 min

While services allocated to specifically help Native Hawaiian survivors of gender-based violence were previously inadvertently excluded from that funding, the legislation would rectify that. As it stood, the legislation allocated money for native women but not, specifically, Native Hawaiian women due to language and drafting errors. “The people who suffer the worst of that are Native Hawaiian women," she added. Barriers to addressing violence against Native Hawaiian women can also be traced back to American colonization, Kanaʻiaupuni said. “And of course the majority of trafficked people are Native Hawaiian women and children.

Apparel retailers, restaurants, banks, construction companies all saw a rise in sales and orders, as the country geared up for the first pandemic-free festive season in two years. Reuters Graphics"There is definitely a festive boost which cannot be denied and which is reflected in earnings performance," said Vivek Kumar, economist at Mumbai-based QuantEco Research. "There was also some comfort on input prices moderating in the quarter, and a boost from pent-up demand. read moreNair said he expects sales in the festive quarter to top pre-pandemic levels. State Bank of India (SBI) (SBI.NS), the country's largest lender, reported record quarterly profit and forecast credit growth to remain in double-digits.

☆ Taliban bans Afghan women from amusement parks
▼ + stars: | 2022-11-09 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

A general view of an amusement park in Kabul, Afghanistan, November 9, 2022. Masooma, a Kabul resident who asked that only her first name be published for security reasons, had planned to take her grandchild to visit the park but was turned...moreA general view of an amusement park in Kabul, Afghanistan, November 9, 2022. Masooma, a Kabul resident who asked that only her first name be published for security reasons, had planned to take her grandchild to visit the park but was turned away. "When a mother comes with their children, they must be allowed to enter the park, because these children haven't seen anything good ... they must play and be entertained," she told Reuters. "I urged a lot to them, but they didn't allow us to get inside the park, and now we are returning home."

☆ Women stopped from entering amusement parks in Afghan capital
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

KABUL, Nov 9 (Reuters) - Afghan women were stopped from entering amusement parks in Kabul on Wednesday after the Taliban's morality ministry said there would be restrictions on women being able to access public parks. Bilal Karimi, a deputy spokesperson for the hardline Islamist Taliban administration, did not respond to a request for comment. At a Kabul amusement park containing rides such as bumper cars and a Ferris wheel, Reuters witnesses observed several women being turned away by park officials, with Taliban agents present observing the situation. Two park operators, who asked to remain anonymous to speak on a sensitive matter, said they had been told by Taliban officials not to allow women to enter their parks. The Taliban say they respect women's rights in accordance with their interpretation of Islamic law.

☆ High interest rates and food inflation are headwinds for India's economy, says State Bank of India
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh interest rates and food inflation are headwinds for India's economy, says State Bank of IndiaDinesh Kumar Khara of the bank says India's economy is not strongly coupled with the global economy.

☆ India's SBI sees loan growth staying strong after record profit
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +2 min

The bank reported a 74% surge in quarterly net profit on Saturday, driven by higher loan growth and improving asset quality. Net profit rose to a record 132.64 billion Indian rupees ($1.62 billion) in June-September, beating analysts' forecast of 105.30 billion rupees, according to Refinitiv IBES data. Net interest income, the difference between interest earned and paid out, rose 13% to 351.82 billion rupees. "We should have credit growth of 14-16% in the current financial year," Chairman Dinesh Kumar Khara said in a press briefing. Total provisions declined to 30.39 billion rupees in June-September from 43.92 billion rupees the previous quarter.

REUTERS/Ali KharaKABUL, Sept 27 (Reuters) - The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters. Azizi said the deal would involve Russia supplying around one million tonnes of gasoline, one million tonnes of diesel, 500,000 tonnes of liquefied petroleum gas (LPG) and two million tonnes of wheat annually. The office of Russian Deputy Prime Minister Alexander Novak, who is in charge of oil and gas, also did not immediately respond. He said Afghanistan also received some gas and oil from Iran and Turkmenistan and had strong trade ties with Pakistan, but also wanted to diversify. The European Union will ban Russian crude imports by Dec. 5 and Russian oil products by Feb. 5.

☆ Western nations concerned by presence of extremist groups in Afghanistan
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterTaliban fighters celebrate the first anniversary of the fall of Kabul on a street in Kabul, Afghanistan, August 15, 2022. REUTERS/Ali KharaWASHINGTON, Sept 22 (Reuters) - Some western countries expressed grave concern about the presence and operations of extremist groups in Afghanistan and said the Taliban were not meeting their counter-terrorism commitments. Special envoys and representatives for Afghanistan of the European Union, France, Germany, Italy, Norway, the United Kingdom and the United States met last week and released a joint communiqué on Thursday in which they said the presence of Al Qaeda leader Ayman al-Zawahiri, who was recently killed in a U.S. strike, showed the Taliban was not keeping its commitment. Register now for FREE unlimited access to Reuters.com RegisterReporting by Costas Pitas, writing by Kanishka Singh; editing by Chris GallagherOur Standards: The Thomson Reuters Trust Principles.

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