Page 54 - Abhijit Lele

Icra downgrades SPCPL's rating to BBB+ on delay in securing working capital

The delay has impacted the engineering, procurement, and construction (EPC) operations in FY23, resulting in modest profitability and muted debt coverage metrics compared with earlier estimates

Central Bank of India says Go First Airlines exposure only 0.91% of loans

Besides the Central Bank of India, lenders like Bank of Baroda and IDBI Bank also have exposure to Wadia group entity

India's 10-year bond yield falls to 1-year-low ahead of Fed rate decision

Madan Sabnavis, Chief Economist, Bank of Baroda said Bond yields have come down sharply due to factors like Sudden demand for bonds by HDFC group ahead of merger

No-frills carrier Go First extends booking hold-up; NCLT plea today

Lenders' meeting on the crisis remains inconclusive, to resume today

India's additional green financing need at 2.5% of GDP: RBI report

PSBs more vulnerable to shocks than private banks

UCO Bank Q4 net profit zooms 86% at Rs 581.24 cr on improvement in margins

Board nod for Rs 2,000 cr equity offering

Go First in a tailspin, files for insolvency; blames P&W engines

Airline suspends all flights till Friday

IDFC First Bank expects NIM to be stable from here on

In FY23, IDFC First bucked the industry trend of a decline in CASA share in total deposits

Kotak Mahindra Bank Q4 consolidated net rises 17.3% to Rs 4,566 crore

Uday Kotak said the bank can grow on a sustainable basis at 1.5-2 times the nominal growth of the country's Gross Domestic Product (GDP) of 11-11.5 per cent

IDBI Bank Q4 net up 64% to Rs 1,133 cr; proposes dividend of Rs 1 per share

Its capital adequacy ratio stood at 20.44 per cent with Common Equity Tier of 18.08 per cent at the end of March 2023

Cordiality missing in current political discourse: FM Nirmala Sitharaman

Sitharaman made references to Vaghul's frequent run-ins with the political executive

Axis Bank has adequate capital to absorb quarterly loss, says S&P report

Bank's ability to pay dividends is protected, net credit costs have declined: Ratings agency

S&P affirms HDFC Bank's long-term issuer credit rating at 'BBB-'

The bank's strong management and governance structure should help in the planned merger of mortgage lender Housing Development Finance Corporation Ltd (HDFC) with itself

Chola Fin raises Rs 1,000 crore through maiden public bond offering

The offering was oversubscribed 5.17 times the base issue (Rs 500 crore) on the final day of the issue

Bajaj Finance Q4 net up 30% to Rs 3,158 cr on robust net interest income

For FY23, the non-banking finance company posted 64 per cent YoY growth in a net profit at Rs 11,508 crore in FY23 compared to Rs 7,028 crore in FY22

Poonawalla Fincorp Q4 profit up double at Rs 181 cr, AUM grows 37%

Board recommend dividend payment of 100% per share of face value (Rs 2 each)

S&P upgrades Tata Motors' long-term issuer, issue credit ratings to 'BB'

A "BB" rating signifies that the entity is less vulnerable in the near-term but faces major ongoing uncertainties due to adverse business, financial and economic conditions

Yield at state govt bonds auction eases by 16 bps; 4 states raise Rs 6K cr

This is only a third of the indicated amount of about Rs 18,900 crore. Tuesday was the last weekly auction of April 2023

After debt resolution, Essar Oil lines up Rs 1,200-crore capex

CARE has assigned "BBB+" rating to the long-term bank facilities of the company

YES Bank eyes MFI acquisition for rural expansion, plans 150 new branches

Several banks have taken the MFI acquisition route as such transactions give them an opportunity to scale up operations in the rural and semi-urban markets