SBI in focus after raising $500 million from overseas bond sale

State Bank of India (SBI) said it concluded the issue of $500 million fixed rate senior unsecured notes having a maturity of 5 years at a coupon of 3.25% payable semi-annually under Regulation-S. The bonds will be issued through the bank's London branch as of 24 January 2017 and shall be listed on Singapore Stock Exchange. The announcement was made after market hours yesterday, 17 January 2017.

Vijaya Bank said it raised Basel III compliant additional Tier- I Bonds (Series IV) of Rs 325 crore through private placement on 17 January 2017 at coupon rate of 10.49% per annum. The announcement was made after market hours yesterday, 17 January 2017.

Yes Bank announced that it has launched YES FINTECH - a unique business accelerator program in collaboration with T-Hub - India's fastest growing start-up engine catalysing innovation, scale and deal flow and Anthill, LetsTalkPayments, a global platform for financial technology (Fintech) insights is the knowledge partner.

Yes Bank said it has been collaborating with and supporting more than 100 Fintech start-ups in the country to provide innovative financial solutions to its corporate, small and medium enterprises (SME) and retail customer base as part of its Alliances, Relationships & Technology (A.R.T) approach to digitized banking.

YES FINTECH accelerator will further augment this approach and help the bank co-create disruptive innovations in the financial inclusion, micro, small and medium enterprises (MSME) focused solutions, payments, lending, compliance, risk management, trade finance, capital markets and forex & treasury space. The announcement was made after market hours yesterday, 17 January 2017.

Bharat Wire Ropes said it booked orders of Rs 8 crore approximately out of which a prestigious and special order from defense has been awarded for Rs 6.5 crore approximately. The company has bid for various projects and the outstanding bids/offers are for approximately Rs 60 crore, which are at various stages of evaluation. The announcement was made after market hours yesterday, 17 January 2017.

Rama Steel Tubes announced that a meeting of its board of directors will be held on 25 January 2017, to consider and approve the proposal of fund raising on a private placement basis, subject to shareholders' approval. The announcement was made after market hours yesterday, 17 January 2017.

Tata Chemicals said that Brickwork Ratings has revised its rating on the company's non-convertible debentures (NCD) issue of Rs 250 crore. Brickwork Ratings has removed the Ratings under watch with developing implications for the Rating of BWR AA+ assigned to the NCD issue. The rating now stands at BWR AA+ (Pronounced Double A Plus) (Outlook: Stable). The announcement was made after market hours yesterday, 17 January 2017.

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