Page 96 - Abhijit Lele

Covid-19 resurgence may derail recovery in Indian NBFC sector: Agencies

Face renewed asset quality, liquidity risks amid second wave; challenges likely to increase if recent curbs to contain pandemic are prolonged

Banks will need to refund Rs 4,500 cr compound interest to borrowers

This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities

NBFC sector under pressure as Covid-19 cases rise, lockdowns resume: Fitch

Challenges likely to increase if recent restrictions to contain the pandemic are expanded or prolonged, says agency.

Nabard to raise Rs 3.9 trn in FY22, expand balance sheet to Rs 7.5 trn

Institution will also manage two credit funds-one for animal husbandry, the other for supporting Farmer Producer Organisations in 2021-22

S&P upgrades Tata Steel's rating to BB- on deleveraging, operating momentum

In the base-case scenario, Tata Steel's adjusted debt could decline by about 30 per cent by March 2023 from the March 2020 level of about Rs 1 trillion

HDFC Bank's advances grow 14% YoY in Q4; sequentially up 4.6%

India's largest private sector lender said in a regulatory filing its domestic retail loans in Q4FY21 grew by 7.5% YoY

Federal Bank's loans grow by 9% growth in FY21, deposits rise by 13 %

Provisional data showed that between early January and March 2021, advances rose Rs 6,696 crore, according to the lender's filing with BSE

J&K Bank to get up to Rs 500 crore to maintain adequate capital buffers

The capital adequacy improved on equity infusion of Rs 500 crore by the J&K government in Q4FY20 and three profitable quarters in FY21

Green energy arm of NTPC to raise Rs 2,100 crore through term loan

NTPC REL is likely to borrow through both domestic and international markets to minimise the borrowings costs

Like telcos, banks may soon pester customers daily to pay up via messages

Working on an RBI mandate to automate its NPA alert system real-time, instead of manually gauging NPA status at the end of the month, Chennai-based Indian Bank sent a message to its surprised customer

NBFCs seek easing of rules on NACH mandate cancellation

NBFC industry body says this facility should work on "best effort" basis and not be made mandatory as most customers are not tech-savvy and are not comfortable with electronic platforms

Bank credit to medium-sized firms grows 21% in February, shows data

The outstanding loans to large corporations continue to shrink as many of them have repaid existing loans

Core worth of PSB capital bonds half that of similar other paper: Ind-Ra

The illiquid, non-trading nature of these securities could add to the discount. So it may not strengthen their tangible equity by as much but may bolster regulatory norms

Covid-19 second wave to hit Gems and Jewellery; auto dealers: Crisil

Six of 42 sectors covered by study are highly sensitive to a pandemic resurgence, while 20 are moderately sensitive

Indiabulls Housing Finance says CRISIL has upgraded outlook to stable

Agency affirms company's long-term credit rating of "AA" and short term of "A1+"

SBI inks $1-bn loan agreement with Japan Bank for International Cooperation

This takes the total facility to $2 bn, including $1 bn, which was signed last year in Oct 2020

India records current account deficit of 0.2% in Dec quarter: RBI data

However, the current account remained in surplus at 1.7% for Apr-Dec 2020 as against in a deficit of 1.2% in Apr-Dec 2019

Moody's upgrades outlook on Tata Steel to stable, cites recovery in Q3

Agency affirms Corporate Family rating 'Ba2', says company will continue recovering after demand slump last year

DFI goes back to the future: Will changes boost infra funding in India?

The Bill suggests that the government has learned from past mistake

NeoGrowth to raise Rs 500 crore, names Rahane its brand ambassador

The company, which lends to small businesses, mostly retail service units including shops, has assets under management of around Rs 1,350 crore