Bain may convert Axis Bank warrants into equity sharesAxis Bank had issued warrants to BC Asia Investments at Rs 565 per warrant.
IBBI, not NCLT, is the competent body to act against resolution professionals: NCLATFrom now, IBBI will be the competent authority — and not NCLT — to act against any RP for dereliction of duty.
Banking system faces Rs 70,000 crore liquidity deficitThe deficit is at Rs 70,266 crore on April 16 compared to Rs 31,396 crore on April 3.
Investors prefer less risky mutual fund houses nowMutual fund inflows into debt schemes have revived since the exodus post IL&FS crisis, but investors choose institutions which are perceived to be less risky.
Central Bank maintenance levy fuels customer furyThe move, aimed to boost its fee income, has triggered customer resentment.
IIFL Fin set to raise $500 m in maiden overseas bond saleThe company is obtaining credit ratings and is expected to start roadshows in May.
Shriram Transport raises $500 million via offshore bondsFor the first time, the company sold such bonds where US investors, along other global peers, owned those debt securities.
I am positive that we’ll see a mid-cap rally post elections: Ashok Wadhwa, Ambit group"As we have political stability, I believe that we will see the start of a new bull run."
Jio's fibre business raising Rs 27,000-crore loanJio Digital Fibre is raising about Rs 27,000 crore in syndicated loan from a group of banks to fund expansion.
BIAL aims to raise Rs 10,200 crore via syndicated loansThe airport operator, with more than 50% Fairfax ownership, has availed the loans from State Bank of India and Axis Bank, two people with direct knowledge of the matter told ET.
Bangalore Airport raises Rs 10,200 crore from SBI, AxisThe airport operator, with more than 50% Fairfax ownership, has availed the loans from State Bank of India and Axis Bank, two people with direct knowledge of the matter told ET.
Mutual funds up exposure in NBFC portfolio assetsCompared with November, mutual fund purchases of NBFC securitized loans climbed more than 65 per cent in February.
HFCs holding rate cuts over high bond yields, cash crunchAlthough the RBI reduced rates by 25 basis points each on April 4 and February 7, seeking to push economic growth, banks find it hard to pass on the benefit.
JSW Steel raises $500 million via offshore bondsThe company received subscriptions worth $1.75 billion, about four times the quantum of bonds on offer, two people with direct knowledge of the sale told ET.
Foreign funds exit as flaring crude turns up heat on rupeeForeign funds have net sold about $862 million in capital assets so far this month.
Vedanta plans $1bn foreign bond issueThe US investors can also invest in these securities, called 144A in market parlance.
RBI denies any approval on LVB-IBH merger for nowIt is clarified that the merger announcement does not have any approval of the RBI at this stage, the apex bank said in a late evening statement.
Kerala govt arm plans bond issue of Rs 5,000 cr for infra push These bonds are government-guaranteed bonds, which will invest in clean infra projects.
Kerala body aims to raise more offshore moneyFounded in 1999, KIIFB acts as a special purpose vehicle to mobilise funds for infrastructure development of Kerala.
JSW Steel likely to raise $500 million via dollar bondsThe company would use the proceeds to expand production capacity at its Vijayanagar plant in Karnataka.
Will RBI reduce pace of liquidity injection now?The banking system deficit has shrunk to Rs 31,000 crore from Rs 1.11 lakh crore in mid-March last year.
Kotak Bank to focus on SMEs to expandThe bank aims to expand SME loans 15-20 per cent this financial year.
5 NBFCs plan to tap overseas market for raising up to $2.5 billionEach of these NBFCs, with specific strength areas, is looking to raise $300-500 million.
Brookfield shuts realty advisory arm in IndiaThe Indian unit is believed to have grown at 25-30% CAGR in the past few years.
Older debt restructuring schemes may be revisitedNow, banks can go back to the erstwhile negotiated plans if the borrower defaults.
RBI's gift in FY20: Dollar swap auction!The central bank will conduct the auction on April 23.
Perpetual bonds draw attention from regulatorsRegulators have said there are too many assumptions behind rating of these bonds which may not be right, two people familiar with the matter said.
KKR, GIC to sell upto $500m HDFC stakesMore than a week ago, HDFC raised Rs 1,000 crore by selling rupee-denominated masala bonds.
ET Poll: RBI likely to go for another 25 bps cutIn its February bi-monthly policy, RBI had reduced the repo by 25 basis points.
Flood of dollars leaves currency market in a flapBanks are flush with dollars after bidding for the central bank’s swap auction on Tuesday.
RBI’s liquidity move, dollar swap keep short-term rates in checkThis week, the RBI injected into the system Rs 34,561crore, or $5 billion.
Lending turns attractive, banks turn away from CPsIn the same period a year ago, bank purchases of commercial papers had risen 11 per cent.
NHAI to raise Rs 8,000 crore to lower fund costFour rating agencies — Crisil, Care Ratings, India Ratings and Icra–– had placed bids for rating the upcoming NHAI bond issue.
Bank of Baroda to Raise up to $1b by Selling Bonds AbroadThe bond sale would be known as Regulation S in market parlance, whereby bonds are offered to investors outside the US.
RBI's dollar-rupee swap auction gets bids for $16.3 bn against $5 bn on offerThe RBI received bids for $16.3 billion versus $5 billion in its maiden dollar-swap auction.
RBI swap auction: Banks may bid 15 bps lower than market rateUnder the new swap window, the RBI will buy dollars, instead of bonds, from banks.
India’s appetite for US treasury bills risingUS treasury yields have come down this quarter.
Debenture trustee plans legal action against IL&FSBetween September 17 last year and March 18 this year, IL&FS failed to repay Rs 5,160.50 crore.
Kotak to begin deploying money from two dedicated fundsThe advisory arm of Kotak group has mopped up over $1 billion through the two funds as the company looks to invest in assets.
NBFCs back in business of hiringCompanies may hire about 15,000 in FY20, indicating a return of stability to the sector.
RBI likely to change disclosure norms for bondsIf the RBI eases the rules, banks would get to shift more of state loans that are in HTM category to AFS, translating into an increase in liquidity as these bonds carry higher coupon.
Global PE funds keen to buy DHFL bonds from holders at a discountDHFL raised about half its funding requirements from the debt capital market.
Good foreign fund inflow makes rupee best performer among EM currenciesThe local unit has gained 4.1 per cent in past one month beating its nearest rival.