Page 2 - Capital

Corporate debt quality remains steady in June after improving since Feb

According to CARE Ratings, upgrades in rated debt can be attributed to higher demand with the economy opening up after lockdowns, releasing pent-up demand, and lower cost of capital

Retail tech firm Arzooo raises $70 mn in Series B led by Japan's SBI group

Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash

Tightening liquidity conditions loom large over foreign flows to India

Indices tracking US financial conditions predict a sharp drop in the availability of easy money.

Rane launches Credit Linked Capital Subsidy Scheme for services sector

The Minister for Micro, Small and Medium Enterprises (MSME) launched the scheme at Guwahati

Ind-Ra affirms Yes Bank long-term issuer rating at 'BBB'; outlook is stable

Rating reflects improving deposit profile, adequate capital levels to withstand stress on books

DBS Bank India eyes self-sufficiency in capital within next 3-5 yrs

Lender aims to reduce net NPA below 2%; Grow CASA to 40% level

Canara Bank to raise Rs 3,400 cr in capital via Additional Tier-I bonds

Ind-Ra said the bank is unlikely to witness a capital erosion in FY22

Food tech startup Daalchini Technologies plans to raise growth capital

Food-tech startup Daalchini Technologies plans to raise growth capital of up to USD 8 million (around Rs 58 crore) in the next 2-3 years to support its growth plans.

Holisol Logistics raises capital from Northern Arc Capital

Holisol, India's leading exchange-to-exchange tech-enabled supply chain solutions company, said it has raised USD 3 million from digital debt platform Northern Arc Capital.

Letters: Capital is key

Without need-based infusion of capital, government-owned banks wouldn't be able to lend