Abhijit Lele

CMS Info Systems aims 3 times revenue of Rs 5,000-crore by FY30

It is looking to start new business lines like collection and recover services

Better net interest margins likely to help bottom line of banks in Q4

Net profit of listed commercial banks is projected to grow by 43.6% YoY

Monetary policy: Bond yields soften after RBI hits pause on rate hike

The 10 year g-sec yield is expected to be at 7.0 per cent as against 7.21 per cent currently by end March 2024

RBI allows rupee non-deliverable forex derivative contracts to residents

Step will help develop onshore Indian rupee NDDC and provide residents with the flexibility to design hedging programmes

ESAF SFB to refile IPO prospectus with Sebi; eyes listing in H2 of FY24

Pegs capital need at Rs 1,000 cr for three years

FY23 bank credit growth highest since FY12, up 15%, shows RBI data

Banks were engaged in intense competition by offering higher interest rates on term money to mop up funds

Share of low-cost money in bank deposits dips in FY23 amid clamour for FDs

Ease of movement of funds on digital platforms and deployment of money by businesses from current accounts also played a role in pruning the share of CASA money

Vedanta unit's ability to raise loans reduces liquidity risk for group: S&P

Natural resources group has debt servicing obligations of about $3 bn

Mahindra Finance assets grow 27% in FY23 on strong credit offtake

Credit quality improves as stage-3 assets dip to 4.6%

India Inc's credit quality outlook positive for FY24, say Crisil and Icra

Interest rate hikes, global slowdown, stubborn inflation pose risk

Banks tier II bond issuance surges 3.5 times in FY23, shows data

The issuance of tier II as well as Tier I bonds was marked by increase in the coupon on instruments reflecting hardening of interest rates and tight liquidity

India Inc's credit profile shows robust performance in Fy23: India Ratings

Sustained deleveraging, continued revenue, profitability growth boost rating

Benchmark G-sec yields close lower at FY23 end vis-a-vis Dec 2022

Shields banks from adverse impact from bond portfolio

India's current account deficit declines to 2.2% of GDP in Q3FY23

Private transfer receipts, mainly representing remittances from Indians employed overseas, amounted to $30.8 billion, an increase of 31.7 per cent per cent YoY

RIL shareholders to meet on May 2 on demerger of financial services biz

Demerger expected to create a behemoth in financial services space

Capital adequacy ratio norms enforcement for UCBs advanced to FY23-end

According to UCB executives, the RBI's move may put banks in a difficult position as only a few days are left to refigure the norms' enforcement

CRISIL revises outlook on Vedanta's loans from 'stable' to 'negative'

The change reflects the possibility of higher-than-expected financial leverage and lower financial flexibility with reducing ratio of cash surplus to one-year maturities for FY23 and FY24

State govt mkt borrowings up 8% YoY to Rs 7.6 trn with last auction of FY23

14 states, one UT raise Rs 41,200 cr, amount is 67% higher than that indicated for State Government Securities (SGS) for this week in the Q4FY23 auction calendar

Tata Capital Financial Services, Tata Cleantech to merge with Tata Capital

The boards of TCFSL and TCCL have also accorded their approval

EXIM Bank expects foreign currency borrowings to be $3-3.5 bn in FY24

Rupee-denominated fund-raising would be worth Rs 20,000-25,000 crore in FY24, says export finance institution