HDFC to raise Rs 10,000 cr via non-convertible debentures, tenure of 10 yrs Mortgage lender HDFC on Monday said it will raise Rs 10,000 crore by issuing non-convertible debentures (NCDs) on a private placement basis to shore up its resources. These unsecured NCDs have a tenure of 10 years, and the coupon rate will be decided on the ...

‘Nabard plans to raise at least 20 bln rupees via over 3-yr bonds’ Record use of Rs 800 cr for rural infra projects by NABARD: Punjab FM NABARD aims to raise Rs 3000-5000 cr in debut green bond issue: Report Nabard projects 25% jump in priority sector loans in Maha at Rs 6.34 trn Mamata Banerjee to launch scheme for ...

RBI penalises Bihar State Co-op Bank Rs 60.20 lakh for various shortcomings The Reserve Bank on Monday imposed a penalty of Rs 60.20 lakh on The Bihar State Co-operative Bank Limited, Patna, for a slew of shortcomings and violations. The RBI said a statutory inspection of the Patna-based bank by Nabard after FY20 had revealed that it failed ...

FLDG norms may dampen biz volume in segments with higher 5% limit: CRISIL The guidelines by the Reserve Bank of India (RBI) on first loss default guarantee (FLDG) in digital lending, tightening the extent and form of FLDG cover, including limiting it to 5 per cent of loan portfolio, may dampen business volume in segments where these are currently higher ...

Equitas Holdings surrenders NBFC licence to RBI, registration cancelled The Reserve Bank of India on Monday said Equitas Holdings Ltd has surrendered its NBFC licence, and accordingly its registration has been cancelled. The RBI, in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled its ...

Punjab & Sind Bank to raise Rs 750 cr via bonds State-owned Punjab & Sind Bank on Monday said it plans to raise Rs 750 crore from bonds to fund business growth. The decision to this effect was taken in the board meeting on Monday. The board has approved the raising of capital up to Rs 750 ...

RBI permits banks to undertake compromise settlement of wilful defaults In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults. All regulated entities (REs) will be required to put in place board-approved policies for undertaking compromise settlements, with the borrowers ...

FinMin to meet Moody’s on June 16, to pitch for sovereign rating upgrade The Indian finance ministry officials will meet credit rating agency Moody’s Investors Service on June 16 and pitch for a sovereign rating upgrade, two government sources told Reuters. The meeting will see participation from all government departments managing the economy, said the first source. ...

FinMin to meet Moody’s on June 16, pitch for sovereign rating upgrade The Finance Ministry officials will showcase India’s strong economic fundamentals and pitch for a sovereign rating upgrade in a meeting with US-based Moody’s on June 16. Moody’s Investors Service has a ‘Baa3’ sovereign credit rating on India, with a stable outlook. ‘Baa3’ is the lowest investment ...

Rupee appreciates by 7 paise to 82.40 against US dollar in early trade The rupee gained 7 paise to 82.40 against the US dollar in early trade on Monday amid easing crude oil prices and a positive trend in domestic equities. At the interbank foreign exchange, the rupee opened at 82.45 against the dollar, then rose to 82.40, ...