Page 79 - Abhijit Lele

HDFC's merger to be booster shot for HDFC Bank, diversify its revenues: S&P

Profitability could to take hit in the short run

Kalyan Jewellers to raise up to $ 200 mn, overseas bond gets S&P 'B' rating

Raised funds by Kalyan Jewellers will be used for refinancing borrowings, payment of transaction fees, and general corporate purposes.

HDFC Bank clocks 21% loan growth at Rs 13.69 trillion in FY22

The growth in advances was about 8.6% over Rs 12.60 trillion as of December 31, 2021, the bank informed BSE

Fair valuation of recap bond: PSBs stare at Rs 13,000 crore-hit

Govt will continue to factor in such impact for future capital infusion

Credit quality of Indian corporate sector experiences rebound in FY22: ICRA

Geo-political tensions may limit further improvement in FY23

Axis Bank to make significant gains from Citi deal only from FY2025

The rating agency S&P said the acquisition of Citi consumer business will strengthen Axis bank's retail market position and diversify its revenue profile

India's current account deficit widens to 2.7% of GDP in Q3

The current account deficit was $9.9 bn in the second quarter ended Sep 2021 and $2.2 bn a year ago

Future Retail CEO Sadashiv Nayak quits; group entities default on payments

Future Retail is locked in legal battles with US retail major Amazon and has already become a non-performing asset NPA in the current quarter

ADB and HSBC India establish $ 100 mn guarantee plan for microcredit

ADB and HSBC programme will help women running small businesses and microfinance institutions lending after the pandemic.

Future Enterprises risks turning NPA by next quarter, say banking experts

FEL, which defaulted on payments to lenders and debenture holders in the last week of March, has a 30 day-curation period

Lenders restructure Jain Irrigation's debt worth Rs 3,878 cr

The debt recast covered aspect like converting about 40 per cent of the total debt into long term non-convertible debentures at an interest rate of 0.01%

S&P lowers outlook for Jubilant Pharma to negative, sees weak performance

Operating performance may remain weak due to regulatory issues, says rating agency.

RBI announces another $5-bn dollar/rupee sell-buy swap on April 26

The move is aimed to take out excess liquidity

IDBI Bank plans to raise up to Rs 3,000 crore through AT1 bonds

The private sector lender will also raise up to Rs 1,000 crore via infrastructure bonds to fund projects and affordable housing.

Bank operations hit; SAIL, NMDC staff join Bharat Bandh

The Kerala High Court on Monday directed the LDF administration to forthwith issue orders preventing its STAFF from abstaining from duty as part of the two-day strike

For FY23, State Bank of India eyes Rs 10K-cr loan book via co-lending

The bank is roping in an IT vendor for building a digital interface platform for co-lending to manage risks, accounting, reconciliation, minimise physical interface and reduce defaults

Fitch affirms Wipro, HCL Tech's long term 'A-' rating, outlook stable

The rating agency, in a statement, said it has affirmed Wipro's senior unsecured rating on the $750-mn senior notes due 2026

Micro, small and medium enterprises staring at enduring financial distress

The RBI's guidelines on TReDS categorically state that an invoice has to be accepted by buyers before they can be financed by banks

HDFC Bank plans to raise up to Rs 5,000 cr in capital via AT1 bonds

The lender will separately raise up to Rs 5,000 crore through infrastructure bonds carrying "AAA" rating.

Two years on, YES Bank eyes long-term growth and customer confidence

While survival and stability have been evidenced in growth and customer confidence, this is the right time to understand the road ahead and priorities for the lender.