Page 77 - Abhijit Lele%20

S&P lowers ratings for Future Retail overseas bonds to 'highly vulnerable'

About Rs 100 crore cash, cash equivalents already eroded

AU Small Finance Bank Q4 net doubles to Rs 346 cr on better margins

Net Interest Margin improves to 6.3% from 5.7% a year ago; NPAs decline at gross and net levels

Indian lenders worried over Future group's diminishing asset base

Future group shares crash as bankruptcy looms, putting entire shareholders' wealth at risk

Russia-Ukraine war may expose 42% India firms to significant risks: Moody's

The military conflict between Russia and Ukraine is impacting companies in Asia Pacific

S&P lowers Sri Lanka's sovereign rating to "Select Default" grade

Country misses Sovereign Bond interest payments

Future Group, Amazon set for long court battle as Reliance deal off

Future Retail and Future Enterprises have huge debts and lenders have initiated bankruptcy proceedings against Future Retail

Future group on brink of collapse, lenders begin work to take firms to NCLT

Banks have already made provisions for loans give to entities like Future Retail and Future Enterprises

Career banker Vishakha Mulye to be new CEO of Aditya Birla Capital

Incumbent Ajay Srivinasan shall take up another role within the Aditya Birla Group.

Bank of Baroda cuts home loan rate by 25 bps to 6.5% till June end

The move runs contra to the 5 bps hike in MCLR; the special rate is available across all loans amounts and is linked to borrower's credit profile

Consumer loans up 32% in festive season of FY22, marking demand revival

The festive season spanning October-December period saw origination worth Rs 19,356 crore in FY21.

RBI sets 3-year deadline for non-individual borrowers to get tracking code

The LEI is a 20-character alpha-numeric code used to uniquely identify parties to financial transactions worldwide

Money sent abroad for travel grew threefold in February: RBI data

Reserve Bank of India (RBI) data showed in FY21, Indians spent about $3.23 billion for travel, sharply down from $6.95 billion in FY20.

Bank of India plans to raise up to Rs 2,500 cr equity capital in FY23

Lender could look at options such as QIP, FPO and preferential issue

HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr

HDFC Capital is a wholly owned subsidiary of HDFC and is in the business of managing private equity funds focused on the real estate sector in India.

Flow of money into NRI deposits till February moderates sharply, shows data

The foreign currency or FCNR deposits saw the maximum contraction

India's policy challenges will hinder net-zero progress, says Moody's

Many of the country's large private companies have announced net-zero targets that are well ahead of Indian authorities' goals

State Bank of India seeks accountability on Future Retail store takeovers

Lenders have charge of inventory, exec says on RIL taking possession of some stores

Loans to be costlier as banks hike rates; SBI, Axis revise MCLR upwards

Kotak Mahindra Bank, increased its one-year MCLR by 5 bps to 7.4 per cent, from April 16

SBI raises $500 million through three-year syndicated loan at fine pricing

This is the first offshore Secured Overnight Financing Rate (SOFR)-linked loan by SBI through its IFSC Gift City Branch

Rate transmission pace to improve for external benchmarked loans: RBI study

The share of EBLR loans by banks rose from 2.4% in September 2019 to 28.6% in March 2021 and to 39.2% in December 2021, RBI says