Page 81 - Abhijit Lele

PNB Housing Finance to raise up to Rs 2,500 cr via rights issue

In October 2021, PNB HFC dropped plans for a preferential issue of equity shares to raise Rs 4,000 crore from a group of investors led by private equity fund Carlyle

ICICI Bank to raise Rs 8,000 cr via bonds for transport, power projects

Rating agency Crisil has assigned "AAA/Stable" for Rs 10,000 crore of bonds

Digital Rupee with specific end use to improve efficacy: Deloitte

Digital Rupee can play a big role in reducing the cost of cash since the country India has a relatively large proportion of cash in circulation as a percentage of GDP compared to other countries

HDFC raises Rs 10,000 crore through debentures at 7.18%

Given the high standing of the company, the pricing was fine at 7.18 per cent, said bond dealers, adding that initial indication was 7.25-7.30 per cent on the yield.

Borrowing costs rise sharply for states on Ukraine-led geopolitical strife

Cut- off for state Development Loans up by 19 bps this week over auction held last week

Russia-Ukraine war: Rs 1.2 trn SME debt at risk, lower-rated unit worse off

India ratings says effects manageable; pharma, Fertiliser sector more exposed

ICICI Bank to raise Rs 8,000 cr via bonds for transport, power projects

The issue size is Rs 500 crore with a green shoe of Rs 7,500 crore

Women borrowers' tally grows at CAGR of 19% in 5 yrs; men at 14%: CIBIL

Credit penetration for women (percentage of borrowers to total adult population) has improved to 12% in 2021 from 6% in 2016.

Canara Bank raises Rs 1,000 crore in capital through AT1 bonds

Bond market sources said the interest in the paper by the Bengaluru-based lender was strong with a demand book size of 2.7 times

State Bank of India's exposure to Russia, Ukraine less than $10 mn

Banks will get 10 days to complete the processing of payments to avoid near-term problems for businesses

L&T Finance Holding plans to hasten the pace of retail loan growth

The growth outlook is very conducive as the economy comes out of a turbulent period due to the pandemic.

L&T Finance Holdings to focus on retail; exit wholesale, realty finance

Appoints L&T CEO S N Subrahmanyan as chairman; Shailesh Haribhakti to remain independent director

Russian invasion of Ukraine: Indian firms put dollar bond plans on hold

$6 bn raised so far in 2022; next few months will be quiet, say market participants

Union Bank of India plans to raise Rs 1,500 crore through AT1 bond

The bank had capital adequacy ratio of 13.92 per cent with tier I of 11.75 per cent at end of December 2021

Reliance takes over operations of 200 Future Group's stores

Reliance Industries is in the process of transferring 30,000 Future Group employees to its staffing and manpower firm

CRISIL upgrades Vedanta's long-term debt, loans ratings from 'AA-' to 'AA'

CRISIL improved its rating on Vedanta Ltd. on account of stronger than expected operating profitability due to high commodity prices in FY22.

NBFC biz to return to normal, FY23 loan growth pegged at 14%: India Ratings

These companies are likely to begin FY23 with sufficient capital buffers, stable margins and sizable on-balance sheet provisioning, while adequate system liquidity would aid funding

Renewable energy company Greenko plans to raise $500 mn to rejig debt

The actual fundraising is dependent on market sentiments amid an escalation of the Russia-Ukraine conflict, which had increased volatility

NBFCs' loan sanctions up 5% YoY in Q3FY22: Data

Consumer credit drives action; commercial segment shows modest growth, according to FIDC-CRIF data

M&M Finance's looks to double AUM of Lankan venture

Company exploring entry into Bangladesh