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Capital Infusion

Reliance General Insurance seeks a capital infusion of Rs 600 crore

Reliance Capital is undergoing bankruptcy proceedings since November 2021 after defaulting on loans worth Rs 24,000 crore

Reliance General Insurance seeks a capital infusion of Rs 600 crore
Updated On : 23 Feb 2023 | 7:47 PM IST

IDFC twins gain more than 5% on Rs 2,000-crore capital infusion

At a meeting held on Wednesday, IDFC's board gave an in-principle approval to infuse Rs 2,000 crore "growth capital" into IDFC First Bank

IDFC twins gain more than 5% on Rs 2,000-crore capital infusion
Updated On : 03 Feb 2023 | 12:50 AM IST

Budget 2023: Credit Guarantee Scheme for MSMEs gets Rs 9,000-cr boost

This is expected to reduce the cost of credit by 1 per cent for MSMEs, said Union Finance Minister Nirmala Sitharaman

Budget 2023: Credit Guarantee Scheme for MSMEs gets Rs 9,000-cr boost
Updated On : 01 Feb 2023 | 8:00 PM IST

Vistara cash flow sufficient, won't need fund infusion for 6 months: CEO

Tata-Singapore Airlines joint venture made its first net profit in December-end quarter

Vistara cash flow sufficient, won't need fund infusion for 6 months: CEO
Updated On : 24 Jan 2023 | 7:55 PM IST

Credit Saison India receives Rs 540-crore capital infusion from parent firm

Digital non-banking finance company Credit Saison India has received Rs 540 crore in fresh capital from its Japanese parent Credit Saison Company, taking the total equity infusion to Rs 1,600 crore. The Bengaluru-based digital lender said the latest capital infusion came from Saison International, the global business division of the parent, in two tranches. Credit Saison India has disbursed over a million loans since inception in 2019 to consumers, SMEs, fintechs and other NBFCs, and has an asset under management (AUM) of Rs 5,000 crore. It targets to take the AUM to over Rs 8,000 crore over the next next 12 months. When it comes to funding, the NBFC is backed by State Bank of India, Axis Bank, Bank of Baroda, Punjab National Bank, Canara Bank, Mizuho, Sumitomo Mitsui Banking Corporation and MUFG Bank among others, said Presha Paragash, chief executive of the company. "We want to enable growth of accessible credit in India and we believe the USD 1 billion AUM target is only a stepp

Credit Saison India receives Rs 540-crore capital infusion from parent firm
Updated On : 23 Jan 2023 | 9:43 PM IST

Capital infusion in Vodafone Idea under discussion: Ashwini Vaishnaw

Debt-ridden telecom firm Vodafone Idea has various requirements, including infusion of capital, and discussions on this front are going on, telecom minister Ashwini Vaishnaw said on Thursday. Vodafone Idea (VIL), reeling under debt burden of over Rs 2 lakh crore, has opted for converting about Rs 16,000 crore of interest liability payable to the government into equity, which will amount to around a 33 per cent stake in the company while promoters' holding will come down to 50 per cent from 74.99 per cent. 'Vodafone (Idea) has many requirements. It has a particular requirement of capital. How much capital, who will infuse? All those things are under discussion at this point of time," Vaishnaw said. VIL has offered a stake to the government at a par value of Rs 10 per share and the government is waiting for the company's shares to stabilise at Rs 10 apiece. "The responsibility of capital has to come from various sources. The company just doesn't require conversion. It requires capita

Capital infusion in Vodafone Idea under discussion: Ashwini Vaishnaw
Updated On : 05 Jan 2023 | 5:24 PM IST

Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI

Stress test show banks capable of absorbing shocks without capital infusion

Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI
Updated On : 29 Dec 2022 | 11:29 PM IST

India considers capital infusion, merger of loss-making lender IFCI

IFCI has reported annual losses for at least four straight years to March 31, 2022 and has lost more than 17% of market capitalization in the past year

India considers capital infusion, merger of loss-making lender IFCI
Updated On : 03 Nov 2022 | 12:17 AM IST

Centre unlikely to infuse any capital into the PSBs in FY23: Report

Between FY16 and FY21, the government infused Rs 3.3 trillion into PSBs helping the banks in improving their balance sheets and the capital-to-risk-weighted assets ratio (CRAR)

Centre unlikely to infuse any capital into the PSBs in FY23: Report
Updated On : 25 Oct 2022 | 10:18 AM IST

Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital

The consortium had 270 days to fulfil all criteria required for the plan's implementation

Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital
Updated On : 05 Oct 2022 | 11:40 PM IST

BigBasket to raise $200 million at a valuation of $3.5 billion: Report

The infusion of fresh capital comes at a time when the company is aiming to expand its core offerings to compete with competitors like Dunzo, Zepto, Swiggy Instamart and others

BigBasket to raise $200 million at a valuation of $3.5 billion: Report
Updated On : 27 Sep 2022 | 9:53 AM IST

Centre's fund infusion into RRBs to hinge on viability plan execution

Financially-strong RRBs have been sent reminders to explore listing of their shares on the exchanges to raise capital

Centre's fund infusion into RRBs to hinge on viability plan execution
Updated On : 19 Sep 2022 | 6:15 AM IST

YES Bank hits highest level since January 2021; stock soars 20% in 3 days

On July 29, 2022, the bank announced to raise equity capital of around 1.1 billion (Rs 8,900 crore) from funds affiliated with two global private equity investors - Carlyle and Advent International.

YES Bank hits highest level since January 2021; stock soars 20% in 3 days
Updated On : 02 Aug 2022 | 1:14 PM IST

No capital support from govt needed this year: Punjab & Sind Bank MD

Punjab & Sind Bank would not require further capital infusion from the government to meet growth needs during the current fiscal year, the top official of the bank said. During the previous two years, the government infused Rs 5,500 crore and Rs 4,600 crore through non-interest bearing recap bonds. With the infusion of Rs 4,600 crore, the government holding in the bank increased to 98.25 per cent as on March 31, 2022. Capital adequacy ratio of the bank improved to 18.54 per cent in March 2022 from 17.06 per cent as at March-end 2021 with the help of capital support from the government, bank's MD and CEO S Krishnan said. The bank is sufficiently capitalised to meet expected credit growth in this financial year and may not need support from the government, he said. As far as loan growth is concerned, he said, it is expected to grow at 8-10 per cent in FY23. He further said the bank has strengthened its balance sheet by making additional provisions and it has proactively made 100 per

No capital support from govt needed this year: Punjab & Sind Bank MD
Updated On : 22 May 2022 | 4:13 PM IST

Business segment recovery to drive growth for Indian Hotels Company

While growth metrics should improve as the leisure segment and business travel picks up, the company's March quarter performance was weaker than expected

Business segment recovery to drive growth for Indian Hotels Company
Updated On : 03 May 2022 | 12:03 AM IST

BS Number Wise: India's labour, capital paradox

Productivity in agriculture and eight other sectors is increasing but employment is falling and there is no significant capital investment

BS Number Wise: India's labour, capital paradox
Updated On : 18 Jan 2022 | 11:09 PM IST
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Info Edge's Sanjeev Bikhchandani on his investment plans and more

In a chat with Business Standard's Surajeet Das Gupta, Sanjeev Bikhchandani says he expect better outcomes from startups in the future driven by smart founders, new tech and more capital deployment

Info Edge's Sanjeev Bikhchandani on his investment plans and more
Updated On : 26 Nov 2021 | 9:14 AM IST

PSBs may get capital support in Q4 to meet regulatory requirements

The capital position of banks will be reviewed in the next quarter for infusion requirement

PSBs may get capital support in Q4 to meet regulatory requirements
Updated On : 22 Oct 2021 | 1:48 AM IST

VIL's position to remain tough till meaningful capital infusion: Report

The Credit Suisse report expects Airtel to be 'well placed' in either of the scenarios, of two-private-operator sector, or three private operators post an industry repair

VIL's position to remain tough till meaningful capital infusion: Report
Updated On : 11 Aug 2021 | 7:32 PM IST

PSBs' loan write-offs twice as much as govt's capital infusion in 7 years

RBI data shows, loans written-off by the private sector banks were much lower than their public sector counterparts

PSBs' loan write-offs twice as much as govt's capital infusion in 7 years
Updated On : 21 Jul 2021 | 1:55 AM IST