Credit Access to Raise Rs 1,000 Crore via Share Selling
Non-Banking Financial Company (NBFC), CreditAccess Grameen Ltd. plans to raise a capital of up to Rs 1,000 crore this month through selling shares to financial institutions, said...
Tag : Reserve Bank of India (RBI)
PNB Declares Rs 1,203 Crore Sintex Industries Loan as Fraud
The second-largest public sector bank, Punjab National Bank (PNB) on Wednesday declares its exposure of Rs 1,023.26 crore loan as fraud to Sintex Industries Ltd. (SIL). According to...
RBI Enhanced Borrowing Limit Under MSF Extended to 31 March
To accommodate the requirement owing to the liquidity shortage latest by March 31, 2021, the Reserve Bank of India (RBI) has further increased the limit of enhanced...
Parliament Passes Bill to Bring Cooperative Banks Under RBI
The Indian Parliament has passed amendments on bill to the Banking Regulation Act as cooperative banks are covered under the supervision of Reserve Bank of India (RBI),...
Banks to Mandatorily Automate NPA Recognition by 30 June, Says RBI
The Reserve Bank of India (RBI) has issued the date for completion of automation in inadequate loan recognition as well as the provisioning latest by 30 June...
SBI Raises Rs 4,000 Crore via Additional Tier-1 (AT1) Bonds
On Monday, India’s largest lender State Bank of India (SBI) had raised Rs 4,000 crore in perpetual bonds at a record-low coupon, which gives a sign that...
RBI Focuses on Neglected Districts in Priority Sector Loans
On Friday, the Reserve Bank of India (RBI) prioritized its guidelines in creating a system for Priority Sector Handling (PSL). This system will allow higher weightage to...
NPS Government Bond Scheme’s NAVs Soar Over 1.5% in a Day
On Tuesday, there was a fall over 17 basis points on the yield on the government ten years bonds. The fall in bond yields led...
Yes Bank Rises 5% After Rating Upgrade
Shares of Yes Bank rose 4.7 per cent after CRISIL upgraded its rating on the lender’s certificates of deposit (CDs) to A2+. The shares of Yes Bank traded at...
LIC Housing Finance Reported Net Profit of Rs 814 Crore in Q1 Results
LIC Housing Finance Ltd.(LIC HFL) had reported a growth of 34% year-on-year (Y-o-Y) in its net profit of Rs 817 crore for the quarter ended...