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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

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

Budget 2024 could unify equity, debt long term capital gain tax, holding period [ad_1] It is less than one month to go for the government to present the interim budget 2024 before the Lok Sabha elections later this year. Over the last few years, capital gains taxation is one aspect of individual taxation which needed some reform. While some changes ...

Fino Payments Bank applies for SFB license after board's agreement According to the guidelines, payments banks were allowed to apply for a conversion into SFB post five years of operations along with meeting other guidelines mandated by the RBI

Indian bonds may be included in Bloomberg EM index from September The proposal comes just a few months after JPMorgan said it would include India in its widely tracked emerging market debt index from June

IRDAI eases norms for insurer investment in infrastructure debt funds New regulation by IRDAI allows greater flexibility for insurers in IDF-NBFC investments

RBI turns down Federal Bank MD & CEO extension request for one year Bank need to submit fresh proposal of 2 candidates in order of preference

RBI says Rs 2,000 notes can be exchanged through post offices as well The Reserve Bank of India (RBI) has said that Rs 2,000 notes can be exchanged through post offices as well. There are reports of people queuing up at the RBI offices for returning the Rs 2,000 notes. In a set of Frequently Asked Questions (FAQs) on its ...

Indian investment bankers earn $1.3 billion in fees, highest since 2000 The equity capital market (ECM) underwriting fees reached $343.5 million, a 68 per cent rise from a year ago. ECM fee includes the fee from IPOs and follow-on offers

RBI revises definition of politically-exposed persons for KYC purpose The Reserve Bank of India (RBI) has changed the definition of Politically-Exposed Persons (PEPs) under its norms, a move that will make it easier for those individuals to carry out various banking transactions, including availing loans. Certain changes have been made in the RBI’s Know Your Customer (KYC) norms. The earlier ...