Page 74 - Abhijit Lele%20

IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

CAD will be sustainable, can be financed by normal capital inflows: RBI Guv

The number of unicorns, or new businesses valued at over $1 billion, is rising rapidly

Most rated Indian firms have protections against weaker rupee: Moody's

Have buffers to withstand further 10-15 per cent depreciation

RBI ups limits on housing loans from co-op banks, backs affordable housing

The RBI monetary policy committee, in its policy review, decided to permit the rural cooperative banks (RCBs) to finance residential real estate projects

YES Bank to form alternate Board after exiting restructuring scheme

Yes bank's largest shareholder, SBI, has proposed Prashant Kumar's name for MD & CEO's position for a three-year term

Rupee closes at all-time low of 77.74 against USD amid elevated oil prices

The yield on the three-year government bond declined 9 bps, while the five-year bond yield dropped 7 bps

Yields on state govt bonds harden ahead of RBI policy announcement

Bond dealers said the hike in yields on state government paper was in line with the increase across the board - treasury bills, Government of India (GoI) bonds, and corporate paper

After a lull, NBFCs looking to step up funding for real estate sector

The strong demand in real estate -- residential, commercial, and logistics -- is giving confidence to the likes of JM Finance, Piramal, LIC Housing, and Indiabulls Housing Finance

RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME

Rules apply to 'upper layer' of finance firms specifically identified by the central bank for enhanced regulatory requirements.

National Asset Reconstruction Company may reshuffle accounts on first list

A total of 38 non-performing accounts, worth Rs 82,845 crore, were identified for transfer to NARCL in phases

Fitch downgrades OYO's ratings over uncertainty in making profit

Rating agency expects the company's FY23 revenue to increase by around 30%, lower than its forecast.

State finances improve, gross fiscal deficit declines 31.5%: RBI report

In addition to the regular instalment of tax devolution, the Centre released two advance instalments of in November 2021 and January 2022.

Reserve Bank balance sheet grew by 8.46 per cent in FY22: Annual report

The year ended with an overall surplus of Rs 30,307.45 crore as against Rs 99,122 crore in the previous year, the RBI annual report showed

Rising risk of Sri Lankan banks defaulting on their obligations: S&P

This trend is expected to persist until the Sri Lanka's external situation stabilises, which may take time, S&P said in a statement

Grasim to raise up to Rs 2,000 cr via debentures to fund capex programme

Grasim has lined up investment for foray into decorative paints with project cost estimated at Rs 10,000 crore by FY25

Bank of Maharashtra to pay 5% dividend from net worth on govt nudge

The payout will make a small dent in lender's capital adequacy ratio; stock sheds 3.73% on BSE

12 Indian firms at higher risk of downgrade amid rising inflation: Fitch

The Indian utilities and oil & gas sectors, along with Chinese homebuilding, stand out with a high proportion of corporates assessed with a 'low' rating headroom

GIC Singapore to invest Rs 2,195 cr in Aditya Birla Fashion and Retail

Post investment, GIC Singapore will own approximately 7.5% equity stake in Aditya Birla Fashion and Retail

BOI Q4 net profit rises 142.3% to Rs 606 cr on margin improvement

The Mumbai-based BOI's net interest income (NII) expanded by 35.77 per cent to Rs 3,986 crore in Q4FY22 from Rs 2,936 crore in Q4FY21

ECB inflows to moderate on rising rates, depreciating rupee: Bank of Baroda

External Commercial Borrowings (ECBs) accounted for 36.8% of India's external debt as of the end of December 2021