Page 78 - Abhijit Lele

Suzlon Energy plans to raise about Rs 3,000 crore to refinance debt

The company is looking at refinancing in order to streamline the lenders, avail better terms from restrictions on cash usage, and bolster growth of the business

Lenders seek urgent talks between Reddy and Spandana Sphoorty

Reddy quit abruptly in November 2021, following differences with the private equity investor on the future of the MFI, and on selling it

Bank of India moves NCLT as lead lender to Kishore Biyani-led Future Retail

BoI's loan exposure to Future Retail is Rs 1,441.62 crore

RBI signals discomfort with sharp yield uptick; issues new seven-year paper

The RBI statement showed for a seven-year paper, the notified amount was Rs 7,000 crore and bids received were worth Rs 22,632 crore

S&P lowers Sri Lanka's sovereign rating to 'CC' indicating looming default

Suspension of external debt servicing by country triggers action

Debt quality index gains nearly three point to close FY22 at 92.24

The better show was largely driven by enhancements in rated debt of higher-rated entities and reduction in debt of a large defaulting NBFC on recast

Spandana Sphoorthy, former MD Padmaja Reddy heading for truce over dues

Sources say many details yet to be worked out, and that it isn't clear if talks will lead to a comprehensive pact to end strife. Clarity expected in 10-15 days, they add

Listed commercial banks likely to report 77% rise in Q4 net profit

The combined profit after tax (net profit) of the 17 banks under review is expected to grow to Rs 42,013 crore for Q4FY22

Moody's maintains 'stable' outlook for Indian banks on recovering economy

It said that the global economic fallout from the Russia-Ukraine military conflict will create some risks

CreditAccess Grameen's loan book grows 22% in FY22; adds 500,000 customers

CreditAccess Grameen Ltd: The collection efficiency including that from arrears was 96% in March 2022.

Exim Bank plans to raise $3 billion through overseas bonds in FY23

Harsha Bangari, managing director, India Exim Bank, said that treasury rates (yields on government bonds) have started going up in international markets

Pressure building on banks to raise lending rates, albeit gradually

Real action only after policy rate revision

RBI monetary policy review: Revised HTM cap to aid govt borrowing

It is also expected to help in softening the blow from hardening bond yields, bankers and analysts said

FY22 ends with bank credit growth of 8.6%; retail, agri mainstay

FY22 saw the adverse effects of the pandemic until September 2021, followed by a turnaround in credit, especially to industry and retail, from October

CARE upgrades rating for YES Bank's tier-II, infra bonds to "BBB+"

The CARE ratings continue to factor in the improvement in the credit profile of the bank post the implementation of the reconstruction scheme for the private sector lender.

Union Bank launches super-app UnionNXT, digital project SMBHAV

Will invest Rs 1,000 cr in FY23; plans to rationalise metro branches as digitisation progresses

Poonawalla Fincorp AUM grows 17% to Rs 16,575 crore in FY22

The finance company has set a target of having AUM of about Rs 45,000 crore by 2025.

YES Bank's loan book expands by 8.8% to Rs 1.81 trillion in FY22

The pace of growth in deposits on YES Bank was much higher at 21.1 per cent in FY22.

Bad loans to decline to 5.6-5.7% level by March 2023, says ICRA

The credit and other provisions are estimated to dip to 1.3-1.4 per cent of advances in FY23 as against an estimated 1.7-1.8 per cent in FY22

Embassy REIT raises Rs 1,000 crore via 5-year paper to fund operations

The coupon rate on these bonds is 7.35 per cent