The more the borrower defers principal repayment, higher is his interest cost
After the process, the effective date for listing of commercial papers (CPs) with the exchange will be January 1, 2020, it added.
According to the I-T department, the Ambani family refuted all the charges in the show-cause notice and submitted the copy of GDR offer documents on June 7 for RUPL along with other documents
Before setting up any new development bank, the govt must examine the contribution and performance of the existing ones
A banking source said Karvy has not defaulted as yet and the management has given comfort to banks that the group is adequately funded and there will be no default
The bond was floated at 6.99%, around 86 bps higher than the three-year govt bond yield, to be followed by a Rs 15,000 crore bond issue in two weeks
The proposed electricity exchange is awaiting clearance from the Central Electricity Regulatory Commission
FM Arun Jaitley inaugurated 100 ICICI digital villages in New Delhi
These moves are seen as banks getting nervous of being disrupted by new-age digital payments players
Major selling was seen in Sun Pharma, Infosys, Kotak Mahindra bank, Adani Ports and Asian Paints by FPIs
She said the youth in India need to equip themselves with skills which will empower them to earn a sustainable livelihood
The debentures will be of face value of Rs 5 lakh each