AdaniConneX is in the final stage of discussions to raise $900-950 million (₹7,500-7,920 crore) through a six-year offshore loan from a group of eight lenders, including MUFG Bank, Sumitomo Mitsui Banking Corp (SMBC) and Standard Chartered Bank, people with knowledge of the matter said. The loan agreement is set to be signed early this week, … Read more
Kolkata: The Reserve Bank of India has told banks and other lenders to disclose more information about their climate-related financial risks so that stakeholders — from regulators to customers — can understand and assess the risk early. Climate-related disclosures by regulated entities is an important source of information for different stakeholders — customers, depositors, investors … Read more
Mumbai: Investors who had almost written off public sector banks in favour of their private peers are being forced to reconsider some of their choices, at least for now. As state-owned lenders witness a on better asset quality and improved profitability, their shares have been topping the returns charts with several of them at multi-year … Read more
Mumbai: HDFC Bank shares slumped 8.4% on Wednesday – its biggest single-day drop since March 2020 – as concerns over the bank’s future profitability triggered a sharp sell-off. The private lender’s third-quarter results were in line with analyst estimates, but Dalal Street focused on the likely pressure on net interest margins (NIMs) – the difference … Read more
Mumbai: Public sector banks are rushing to issue bonds in the coming weeks, capitalising on lower government bond yields that have made borrowing cheaper while tight liquidity and robust credit growth are spurring lenders’ demand for funds to meet loan needs. State Bank of India is set to kick off domestic bond issuances for 2024 … Read more
Mumbai: Creditors to Gayatri Projects (GPL), promoted by former Rajya Sabha MP T Subbarami Reddy, have voted to initiate liquidation proceedings against the company after rejecting the only bid from private equity fund Mark AB Capital Investment LLC, people familiar with the matter said. Mark AB was offering a total of ₹650 crore, of which … Read more
Mumbai: State Bank of India (SBI) has raised $1 billion, or double the amount originally envisaged, in an offshore syndicated loan arranged by HSBC and subscribed by lenders across continents, demonstrating the enduring appeal of local financial companies for overseas investors that expect New Delhi to be the undisputed global growth leader in a geopolitics-ravaged … Read more
