Page 229 - Finance News

NARCL's offer prices lower than the liquidation value, say bankers

PSBs say this is the reason for slow progress of NPA sale

State Bank of India raises $600 million through dollar bonds

S&P Global Ratings had assigned a BBB long-term issue rating to benchmark-sized notes that the London branch of SBI issued

Rural development Min signs pact with SBI to facilitate loans for SHGs

A training toolkit package was also launched at the event to promote access to formal finance by SHG women entrepreneurs

Axis Bank gives Rs 1 bn loan to Everest Fleet for 4 years to purchase EVs

Everest Fleet is one of the largest independent fleet management providers in the country. This transaction will support the fleet to accelerate the use of electric vehicles

SBI raising $300 mn via medium term bonds, assigned BBB- ratings by S&P

Issue likely to be concluded on Thursday and has a green shoe option to raise more money

SMFG India Credit raises Rs 600 crore via maiden rupee debt issuance

Though perpetual bonds means debt issued with no maturity dates, in practice perpetual debt has a tenor of 100 years, or marginally less

Govt appoints Rajay Kumar Sinha as Irdai's member for three years

Sinha is currently serving as the Managing Director and Chief Executive Officer of SBI Capital Markets, the investment banking arm of the State Bank of India

Cen banks to intervene more in bond mkt; regulation needs review: ICMA

The report is based on the biggest government bond markets in Europe

Rupee dwindles 4 paise, reaches 83.17 against US dollar in early trade

The rupee depreciated 4 paise to 83.17 against the US dollar in early trade on Wednesday amid selling of equities by foreign investors and an upward movement in crude oil prices

Health check for healers: The big audit firms are under the NFRA lens

Now, the national accounting watch­dog has turned the spotlight on audit firms themselves. These firms are perceived to be the eyes and ears of non-promoter investors

Indian Bank to float operations support subsidiary, aims to optimise cost

Two large public sector banks - State Bank of India and Bank of Baroda -- have already formed such units for servicing customers in rural and semi-urban areas

Public issues of corporate bond zoom to four-year high, shows data

As of November, Power Finance Corporation raised the highest amount -- Rs 2,824 crore

Results preview: Insurers may see compression in Q3 profit margin

Non-life insurers' premium is expected to report decent growth

States lag Centre in capex push so far in FY24: CAG-Bank of Baroda data

Centre had allotted Rs 1.3 trillion for FY24 under the interest-free loans scheme for capital investment by states

ICICI hiring 30 investment bankers on expectations of record fundraising

Positions range from associate to executive vice president level, with most of the senior hires coming from rival banks, Saraf told Bloomberg News in a recent interview in Mumbai.

PE investment in Indian real estate down 26% in Apr-Dec 23: Report

Activity by foreign institutions has been subdued due to global geopolitical uncertainty

States continue to pay high coupon on debt at over two-year high of 7.72%

Nine states raised Rs 19,300 crore from the market selling government securities, which was 34 per cent lower than the amount indicated for this week in the auction calendar

Dip in US inflation expectations keeps Dollar steady, bitcoin holds gains

A reading on U.S. inflation is due later in the week, which will likely provide further clarity on how much room the Fed has to ease rates this year

Loan claims under guarantee scheme face audit by govt agency: Bandhan Bank

The bank clarified in an exchange filing that the regulator has not initiated a broader audit

Rupee rises 6 paise to 83.08 against US dollar in third straight session

A positive cue from domestic equity markets and sustained buying by foreign institutional investors also supported the Indian currency, forex traders said