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Spandana Sphoorty Financial eyes AUM to grow to Rs 28,000 cr by FY28-end

As for geographic diversification, Spandana plans to reduce the share of the top three states to 36 per cent by FY28 from the current 44 per cent. The share of any one state would be capped at 12 %

JSW USA to raise $145 mn loan for capex Moody's affirms stable ratings

Company's reliance on long-term external financing will be critical, says agency

BDO Restructuring Advisory re-invites bids for gaming company SMAAASH

The Corporate Debtor (SMAAASH) has been involved in ongoing litigations, especially in connection with the trademarks and other brand content

Tata Projects to raise up to Rs 750 cr via non-convertible debentures

TPL raised two subordinated NCDs of Rs 500 crore each in FY22 and FY23, which have a redemption tenure of six and half years and six years, respectively

NARCL acquires two SREI companies under the insolvency resolution

Paves way for resolution of debt worth Rs 32,700 cr

Households see a rise in inflationary pressures for year ahead: RBI survey

Consumer confidence stable; fairly optimistic about economy, employment, income

CARE downgrades ratings for Shapoorji Pallonji & Co's term loan to 'BBB'

Delay in securing working capital limits triggers rating action

Banks raised record Rs 40,895 crore through infra bonds in Apr-Nov

The country's largest lender, State Bank of India (SBI), accounted for almost half of the amount mopped up via infrastructure bonds in the eight months of FY24

Pace of bank credit to retail declined to 18% in October, shows RBI data

The month of October is marked by festive season demand and also the start of the busy season of the financial year

Fusion MicroFinance plans to cut its bank funding share to 55-60%

The first focus for the Gurugram-based BSE listed lender is to bring down the share of bank funding in resources to 76-77 per cent in the near term

Banks set to increase interest rates on unsecured loans and NBFCs

Demand to slow down post rate increase

Hike in risk weights to affect banks' CAR by 60 basis points: S&P Ratings

The lending poses a risk for incremental nonperforming loans (NPLs). The increase in risk weights by the RBI is a prudent step, it said

Global woes pull net foreign direct investment down 77% in H1, shows data

The moderation in flows was majorly witnessed in communication services, retail and wholesale trade, and manufacturing sectors

UCO Bank approaches CBI for probing IMPS glitch, says systems safe

State-owned lender says it has recovered 79% of wrongly credited amount after the glitch

RBI tightens norms on consumer loans, raises risk weight on credit exposure

Personal loan and Credit Cards loan may become costly

Technical snag hits UCO Bank's IMPS; impact yet to be ascertained

As a precautionary measure the bank has made the IMPS channel offline

Deposits mobilisation overtakes credit in fortnight; credit up 16%

According to Reserve Bank of India data, sequentially, loans grew by Rs 1.28 trillion from Rs 148.52 trillion as on October 20, 2023

India's outward FDI falls 12.14% to $1.88 bn in October: RBI data

A slowdown in economic and business activities, especially in developed markets, has impacted direct investment flows, both inbound and outbound

6 states, 1 UT raise Rs 12,500 cr at bond auction, 16% more than indicated

The union territory of Jammu and Kashmir (J&K) raised Rs 1,100 crore by issuing paper with the longest tenure of 30 years

GMR group to raise Rs 3,200 cr loan for developing Vizag int'l airport

GMR Group holds the airport business under the airport holding company, GMR Airports Ltd (GAL)