Page 55 - Abhijit Lele

Mahabank Q3 net up 136.5% at Rs 840 cr, interest margins boost bottom-line

Public sector lender to raise capital up to Rs 7,500 cr; recommends dividend of 13% per share of Rs 10 each

India's forex reserves up $1.65 bn to $586.4 bn, shows RBI data

But the country's foreign exchange reserves were lower by $ 17.28 billion compared to a level a year ago

Flows into NRI deposits jump 2.5x in April-February to $6.4 billion

Outstanding deposits decline in Feb 2023 over Jan 2023

Bank credit grows 15.7%; deposits increase 10.2%, shows RBI data

The growth in deposits was 10.2 per cent YoY basis to Rs 184.5 trillion at end of April 7

Hinduja Housing Finance to raise Rs 800 cr via capital bond, debentures

Maiden bond issue to diversify fund sourcing; seeks 30% growth YoY for 3 years

Bank of India looking to raise Rs 4,500 cr via equity issue in Q1FY24

Bank's board of directors has given it the go-ahead to raise up to Rs 6,500 crore in FY24

Mahindra Finance to raise upto Rs 8,000 crore through debentures in FY24

The company continued to maintain a comfortable liquidity chest of about three months' requirement, according to the NBFC's filing with BSE

SME loan defaults to rise for NBFCs in the coming quarters: Moody's

Hardening interest rates, cost pressures make SMEs vulnerable

Godrej Capital aims to double its loan book to Rs 12,000 cr in FY24

Eyes a size of Rs 50,000 cr in five years; plans to infuse Rs 1,200 cr capital in current fiscal

SBI approaches SC for clarity on personal hearing for defaulters

Seeks exemption from sharing complete forensic audit report

India's forex reserves up $6.3 bn to $585 bn, highest in nine months

The surge was mainly on account of a $4.74 billion accretion to currency reserves that took them to $514.4 billion, shows RBI data

NBFCs to face funding woes, may hit growth, says India Ratings

Banks and capital markets together account for most of the funding sources for NBFCs (April-December 2022 9MFY23: 73 per cent)

Canara Bank forms separate vertical for start-ups; to open 5 branches

The lender is planning to open five start-up-specific branches in the current financial year

Bajaj Finance raises Rs 1,955 crore through medium term bonds

It raised Rs 760 crore of term money through five-year bonds at 7.9 per cent coupon. The base issue size was Rs 350 crore, with greenshoe option of Rs 1,750 crore, bond dealers said

Four states raise Rs 5,800 crore through SDLs at bond auction

The indicative calendar of market borrowings by states and Union Territories for April-June 2023 showed 15 states planning to raise Rs 22,500 crore in the second week of April

Lenders to step up work on large size loans under MUDRA scheme

SBI to tap supply value chains for referrals

HDFC Bank to raise up to Rs 50,000 crore through bonds in FY24

Previous largest bond raise was by SBI at over Rs 38,850 cr in FY23

Loan securitisation up by a healthy 41% to Rs 1.8 trn in FY23: Icra

NBFCs, HFCs drive loan sell-downs to raise funds for rising credit demand; HDFC-HDFC Bank merger may dampen volume in FY24

CMS Info Systems aims 3 times revenue of Rs 5,000-crore by FY30

It is looking to start new business lines like collection and recover services

Better net interest margins likely to help bottom line of banks in Q4

Net profit of listed commercial banks is projected to grow by 43.6% YoY