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SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swap
Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India's 1.5% fixed-rate swap incentive for external commercial borrowings, aimed at bolstering the rupee. HDFC Bank's recent successful dollar bond sale has spurred this wave of fundraising.
RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank
The Reserve Bank of India has cancelled the banking license of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its deteriorating financial condition. The bank's inability to meet its obligations and its lack of adequate capital and earning prospects led to this decision. Approximately 97.9% of depositors are expected to receive their full deposit amounts from DICGC upon liquidation.
State Bank of India to raise Rs 60,000 crore via bonds to support growth
State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal through rupee and dollar bonds. This move aims to bolster the bank's capital position and support business growth. Funds will be raised via various debt instruments from Indian and overseas investors.
SBI’s board clears record Rs 60,000 cr fundraise in FY27
State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal through rupee and dollar bonds. This move aims to bolster the bank's capital position and support business growth. Funds will be raised via various debt instruments from Indian and overseas investors.
Yes Bank shares jump 16% in 5 days, hit fresh 52-week high. What lies ahead?
Yes Bank shares climbed to a fresh 52-week high, extending gains over five sessions and adding Rs 8,662 crore to market value. The rally followed its partnership with Northern Arc Capital. Analysts remain cautious despite improved technical momentum and stronger Q4 earnings and asset quality.
Large NBFCs could see 3-5% earnings upgrades as borrowing costs ease: IIFL Capital
Viral Shah, Senior VP at IIFL Capital, said that credit growth trends remain healthy and asset quality is holding up despite economic uncertainties. Shah remains positive on diversified lenders such as Shriram Finance and Cholamandalam Investment, while cautioning that gold financiers remain heavily dependent on movements in gold prices.
NSE Indices launches Nifty Sugar & Ethanol, Nifty Small Finance Banks & MFIs indices
The Nifty Sugar & Ethanol Index comprises 15 stocks from the FMCG sector that are directly engaged in sugar or ethanol manufacturing and production. The index is designed to track the performance of the largest eligible companies based on six-month average free-float market capitalisation.
I Squared, US DFC to set up $3 billion energy infrastructure platform in Asia
I Squared Capital and the US International Development Finance Corporation are partnering. They will create a three billion dollar investment platform. This platform will focus on energy infrastructure in South and Southeast Asia. The goal is to boost energy connectivity with the Indo-Pacific region. It will support US LNG and energy exports.
Quick Wrap: Nifty PSU Bank Index rises 1.75%
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Yes Bank shares rally 15% in 4 sessions. What are technicals suggesting for traders?
Yes Bank shares extended gains for a fourth straight session, rising as much as 6.5%. Technical indicators and improving sentiment supported momentum. Analysts highlighted a key resistance near Rs 26, aligned with long-term moving averages, while fundamentals strengthened through a partnership with Northern Arc Capital and improved quarterly earnings performance.
Home First Finance Company India allots 66,740 equity shares under ESOP
The paid-up share capital of the Company has accordingly increased from Rs. 20,89,16,962 consisting of 10,44,58,481 equity shares having a face value of Rs. 2/- each to Rs. 20,90,50,442 consisting of 10,45,25,221 equity shares having a face value of Rs. 2/- each.
Brigade Enterprises shares to trade ex-bonus today - What 1.5 lakh retail shareholders need to know
As many as 1.5 lakh small retail shareholders, or those who have authorized share capital of up to ₹2 lakh, have a 3.8% stake in Brigade Enterprises at the end of the March quarter.