Page 76 - Abhijit Lele

Govt bond auction for Rs 32,000 crore sails through as RBI accepts bids

The auction was scheduled for four securities - 5.74% GS 2026 (Rs 9,000 crore), GOI Floating Rate Bond 2028 (Rs 4,000 crore), 6.67% GS 2035 (Rs 10,000 crore), and 6.99% GS 2051 (Rs 9,000 crore)

Control deficiencies in CV loans take a big toll on IndoStar Capital

Provisioning burden pegged at Rs 557-667 crore

Canara Bank Q4 net up 65% to Rs 1,666 cr on better net interest margins

Lender to raise up to Rs 9,000 cr in capital via AT1, tier-II bonds

Banks start raising their lending rates for external benchmark loans

ICICI Bank raises its rate to 8.10%; BoB ups repo-linked rate to 6.90%

Medium-term credit growth set for headwinds, predicts India Ratings

Capex revival could get delayed as companies await clarity on the macroeconomic front, says agency.

Kotak Mahindra Bank's consolidated net rises 50% to Rs 3,892 cr in Q4FY22

The lender's net interest income increased 18% YoY to Rs 4,521 crore, aided by a loan growth of 21%

Yesh Nadkarni appointed CEO for wholesale lending at Piramal Capital

Nadkarni joins PCHFL from global investment firm KKR, where he was managing director & CEO of the India real estate lending business.

Bank of Baroda cuts car loan rates by 25 basis points, trims processing fee

State-owned lender announces reducing processing charges to a flat Rs 1,500.

L&T Finance to divest real estate, infrastructure books to reduce leverage

The real estate book of L&T Finance is worth Rs 11,210 crore and infrastructure finance is worth 30,521 crore as on March this year

IDBI Bank net profit rises 35% to Rs 691 crore in fourth quarter

For FY22, the net profit rose 79 per cent to Rs 2,439 crore from Rs 1,359 crore in the previous financial year

Edelweiss ARC plans to deploy Rs 1,200 crore to acquire bad loans

With improving business environment, it has pegged recoveries to between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management (AUM) stood at Rs 40,251 crore at the end of March 2022

Banks, FIs will have to factor cross-holding norms for investing in LIC IPO

State-owned insurer is a significant investor in banks' capital, especially in public sector lenders.

Bank credit to industry turns around in FY22, infra lending tops Rs 1 trn

Credit to medium-sized industries grew a robust 71.4% in March 2022 from 34.5% last year, that to micro and small units was 21.5% (3.9%) and to large industries was 0.9% against contraction of 2.5%

L&T Finance Holdings consolidated net up 28% to Rs 342 crore in Q4

For FY22, its consolidated net profit rose by 10% to Rs 1,070 crore; board has recommended a dividend of Rs 0.50 a share

Bank credit growth to hit 4-year high of 11-12% in FY23: CRISIL

Corporate segment credit pace to double at 8-9%

NABARD to raise Rs 3.5 trn in FY23; bond issuance seen at Rs 45,000 cr

Nabard will work on a viability plan for 22 regional rural banks in the next six months to address issues of capital adequacy, business growth and human resources

AU Small Finance Bank looking at 30% asset growth for five years

AU Small Finance Bank plans to raise fresh equity capital in the current financial year depending on market conditions.

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

Bajaj Finance Q4 consolidated net profit up 80% at Rs 2,420 crore

Dividend Rs 20 per share for FY22