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Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency facilities aim to attract dollars into India. The funds will likely support overseas clients making FCNR (B) deposits. This move leverages a special swap facility from the…
Small and mid-sized Indian banks are ramping up FCNR(B) deposit rates to attract non-resident Indians after interest rate deregulation, offering returns above 7.4–7.5% without leverage benefits. In contrast, larger banks are focusing on structured offerings with high leverage (9–19x) but keeping base rates below 7%, leveraging their global partnerships and strong NRI relationships.
Bank of Baroda has filed a preliminary claim under its cyber insurance policy after a suspected data breach exposed nearly 1 TB of customer data on the darknet. The claim, lodged with lead insurer National Insurance Company, is currently an intimation of loss while forensic investigations continue.
JC Flowers Asset Reconstruction Company is in talks to merge with ACRE. This move would create one of the largest bad-loan aggregators in India. The two companies are in advanced discussions for a stock-swap deal. JC Flowers would wind down its India operations and surrender its license. A formal proposal is expected to be submitted…
Indian stock markets rebounded strongly on Monday, driven by easing global tensions. HDFC Bank concluded an internal review, while Bank of Baroda reported a data breach incident. Bharat Electronics and Coal India announced their quarterly financial results. Adani Energy Solutions launched a qualified institutional placement to raise funds. Tata Power also reported its first-quarter financial…
Home First India Finance Company reported a 35% net profit increase for Q1 FY27. The company’s operating profit also saw a 33% rise during the same period. Total income for the mortgage lender grew by 19% year-on-year. Assets under management expanded by 26% to Rs 16,938 crore. Gross non-performing assets ratio remained steady at 1.8%.
Juniper Green Energy has fixed its initial public offering price band. The company’s IPO will be open for subscription from July 30 to August 3. This offering comprises entirely fresh equity shares with no offer for sale component. Proceeds will be used to repay borrowings and invest in subsidiaries. The total issue size is valued…
Foreign investors reduced holdings in top private banks over the past year. They increased stakes in select public sector lenders, showing a notable shift. This trend reflects closing performance gaps between public and private banking sectors. Analysts note diminished premiums for private banks as public ones improve. Investors now focus on individual bank performance rather…
Most listed brokers saw earnings pressure in the June quarter. Trading activity in equity derivatives slowed, and gold and silver rallies reversed. Motilal Oswal Financial Services revenue surged eighty-eight percent during this period. Angel One and Anand Rathi Share & Stock Brokers reported profit declines. Investor participation remained healthy, but trading volumes were volatile.
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