HDFC plans to raise up to Rs 1.25 lakh crore in 1 year
New Delhi: Housing finance major HDFC Ltd plans to raise up to Rs 1.25 lakh crore in a year by issuing debt securities through various modes, according to its annual report for 2019-20. The...
Tagged: "Banking"
YES Bank will not pay interest on bonds due on June 29
Mumbai: YES Bank will default its interest payment on its 10.25% upper Tier II bonds which is due on June 29, after Reserve Bank of India (RBI) declines permission for payment of interest because...
Challa Sreenivasulu Setty: A debt collector at age 12. Now he’s chasing $20 billion
By Suvashree Ghosh and Anto Antony From the age of 12, Challa Sreenivasulu Setty spent his school vacations collecting debts for his father’s grocery store in the small south Indian village of Potlapadu. It...
SBI sheds 2.1% stake in SBI Life via OFS to comply with shareholding norms
New Delhi: State Bank of India on Tuesday said it has sold 2.1 per cent stake of its stake its subsidiary SBI Life Insurance Company through the offer for sale route to comply with...
IDFC First Bank raises nearly Rs 2,000 crore via preferential allotment of shares
New Delhi: IDFC First Bank on Friday said it has raised nearly Rs 2,000 crore by issuing shares on preferential basis to its promoters and various other financial services players. “The duly authorized committee...
SBI approves plan to raise $1.5 billion in FY21
State Bank of India (SBI) on Thursday approved long-term fundraising of up to $1.5 billion through public offer or private placement of senior unsecured notes during FY 2020-21. Following the announcement, shares of the...
There is going to be a significant capital requirement in Indian banking sector: Uday Kotak
Companies should go out and raise capital and not be nickel-and-dime on the price, says MD, Kotak Mahindra Bank. India is hot when it comes to capital raising. Look at Reliance Jio, HDFC, your...
Kotak Mahindra Bank raises Rs 7,442.5 crore via QIP of shares
Mumbai: Private sector lender Kotak Mahindra Bank (KMB) has raised Rs 7,442.5 crore through a qualified institutional placement (QIP) of shares. The bank on Saturday issued 6.5 crore shares at a price of Rs...
Supreme Court issues notice to Centre, RBI on plea against interest on loans during moratorium
NEW DELHI: The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has now been extended by another...
Banking lobby group proposes bad bank with two-tier structure
Mumbai: The banking lobby group has proposed a bad bank which would have a two-tier structure where the government would own 100 percent owner of the reconstruction company with an investment of Rs. 10,500...