Page 50 - Abhijit Lele

BlackRock, MIT etc invest Rs 1,750 cr in Aditya Birla Capital QIP

Finance company raises total Rs 3,000 cr in equity

Recipe for Keki Mistry's secret sauce: Growth seasoned with governance

Starting his career in 1975 with accountancy firm A. F. Ferguson & Co., he later had brief stints at Hindustan Unilever and Tata Group's hospitality arm, Indian Hotels Company

National Highways Infra Trust to raise Rs 4,500 crore via term loans

To acquire five operational road projects worth Rs 9,000 crore

States' financial profile better in FY23; debt stays high: RBI report

At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added

Private equity investments in real estate sector down by 20% YoY in H23

Investors turn cautious on geo-political worries, recession fears

HDFC twins' merger may take effect July 1; boards to meet on June 30

HDFC shares will not be traded after July 13

S&P upgrades rating for Bajaj Finance, UBI, Shriram Finance & Hero Fincorp

The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions

RBI finalises norms for banks to hold capital for operational risks

Apex bank will communicate date of implementation separately

RBI's pivot to rate cuts to begin only in early 2024: Rating agency S&P

In India, under the assumption of normal monsoons, the rating agency expected the headline consumer inflation to soften to 5.0 per cent in fiscal 2024 (FY24) from 6.7 per cent in FY23

SBI to revamp Wealth Management biz, rope in consultant to firm up roadmap

Plans to grow by three-fold from current Rs 2.95 trillion

CBIC slaps Rs 942 crore demand notice on HDFC Life Insurance Company

Insurer faces charge of wrongly availing tax credit under GST rules

Kotak Mahindra Bank raises Rs 1,895 crore through infrastructure bonds

Gets bids worth Rs 3,605 cr

SMFG India Credit plans to double AUM to over Rs 70,000 cr in 3 years

Shantanu Mitra, its chief executive and managing director, said the company's AUM expanded by over 40 per cent Year-on-Year basis to Rs 36,613 crore at end of March 2023 (FY23)

3 states, 1 UT raise Rs 5.6K crore in bond auction, TN tops the list

Yields on 10-year state paper harden further

Barings PE, ChrysCapital acquire 90% stake in HDFC Credila for Rs 9,060 cr

In April 2023, Reserve Bank of India had advised HDFC to bring down its stake in HDFC Credila to 10%

Reserve Bank of India may need to pump in funds on liquidity crunch

GST payments and quarter-end credit demand may lead to such a situation

Rs 2,000 notes withdrawal: Bank deposits rise by Rs 3.26 trn in fortnight

Credit offtake has remained robust even amid the significant rise in interest rates, and global uncertainties related to geo-political, and supply chain issues

Bank of Maharashtra plans to recover 5% from written-off accounts in FY24

The Pune-based lender had recovered Rs 943 crore from written-off accounts in FY23, up from Rs 642 crore in FY22, according to the document filed Qualified Institutional Placement (QIP)

NabFID seeks to raise about $1 billion from multilateral institutions

Raises Rs 10k cr in maiden debenture offering; oversubscribed 2.4 times

Bank NIMs to compress 10-120 bps in FY24: Rating agencies CRISIL and ICRA

With a healthy loan profile, credit costs fall further from 0.7% in FY23