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CAD reduces sequentially to 1.5% of GDP in Q4 as trade deficit moderates

The current account was in deficit to the tune of $ 8.1 billion (1 per cent of GDP) a year ago (Q4 of FY21)

AU Small Finance Bank to invest over Rs 500 cr for IT, digital makeover

Sanjay Agarwal, managing director and chief executive, said the lender was in a growth phase and is spending to achieve digital ambitions

Cut-off yields ease by 7-8 bps at State bond auction as borrowings taper

This week, spread between weighted average 10-year SDL and 10-year GOI bond yield was up slightly to 37 bps from 36 bps earlier

Jain Irrigation to merge international biz with Temasek-backed Rivulis

The cash proceeds will be used to pay off Rs 2,700 crore of overseas debt

LIC Housing finance hikes lending rate by 60 bps, home loans start at 7.5%

Says hike is in line with market scenario; rates are still very competitive and demand for home loans is to likely to sustain

IIFL Home Finance looks to raise Rs 5,000 cr via direct assignment

Firm to scale up funding to developers, especially those complying with green finance norms

Fitch enhances ratings of 13 Indian firms to 'moderate downgrade risk'

These companies are either govt-related entities (GREs) with ratings linked to the sovereign rating or pvt entities whose ratings would be downgraded if India's Country Ceiling was lowered to 'BB+'

Moody's upgrades ICICI Bank, Axis Bank's baseline credit assessments

Affirms Baa3 deposit ratings of both Indian private sector lenders; outlook on ratings for both banks, where applicable, remains stable

Further fall in rupee to hurt students taking loans to study abroad

The rupee has been depreciating sharply ever since tensions broke out between Russia and Ukraine in February

Overseas remittances almost double year on year to $2 billion in April

Travel, relative care top the chart, with the former coming back to pre-Covid levels

Bank credit growth hits three-year high of 13.1%, shows RBI data

A hike in retail fixed-deposit rates has been much smaller than the lending rate hike. Bulk deposit rates have, however, spiked

Indian Microfinance industry's loan book grows 10% to Rs 2.85 trn in FY22

NBFCs increase market share while that of banks dips

Fitch revises outlook on domestic lenders to 'Stable', affirms IDRs

Action follows upgrade in outlook on India's Sovereign rating

Inadequate infrastructure continues to impede IBC implementation

A paper by the Insolvency and Bankruptcy Board of India (IBBI) said the time taken between filing of an insolvency application and its admission increased to 650 days in financial year 2021

NBFC profitability to remain stable amid 85-105 bps in funding cost: Crisil

Rs 15 trn debt as on March 31 is due for repricing in FY23 owing to interest reset or maturity. Another Rs 3 trn of incremental debt is likely to be raised to support growth in lending

RBI pulls up banks for flouting norms on infra loans to govt entities

Must follow instructions in 'letter and spirit'

State govt borrowing turns expensive after RBI's repo rate hike

Much less raised than the indicated Rs 16,800 crore

Financial health of discoms hurdle for renewable energy sector: Moody's

The payment delays to the state-owned distribution companies are common, leading to a build-up of receivables from off-takers and an increase in working capital debt for renewable energy companies

Fitch lauds Indian economic recovery, ups outlook from negative to stable

The agency said that high inflation and hence high nominal GDP growth will benefit the debt-GDP ratio

Govt bond for Rs 33,000 crore sails through as RBI accepts bids

Signals central bank's comfort with yields