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ET Finance @ETFinance
Joined April 2009
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  • Followers 102,428
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ET Finance@ETFinance
20 Mar 2023
SP Group creates holding companies for infra and realty verticals to improve cash flows #Finance ift.tt/I2plz0L

Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash...

The move will help improve operating cash flows since investments in long-lead businesses like infrastructure and real estate create timing mismatch, which puts debt burden on the balance sheet,...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
Credit Suisse's discounted sale a signal for all bankers: Kotak #Finance ift.tt/ZRWYdiE

Credit Suisse's discounted sale a signal for all bankers: Kotak

"Credit Suisse sold to UBS for $3 billion, (a) 60% discount to stock value at Friday closing," Uday Kotak tweeted. "(About) $600-bn balance sheet sold for $3-bn equity value. (About) $17 bn of AT1...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
NIIF to raise half-a-billion dollars for road assets via Maiden InvIT #Finance ift.tt/Wxfe2HS

NIIF to raise half-a-billion dollars for road assets via Maiden InvIT

Initial discussions with merchant bankers have taken place and a couple of bankers will be hired soon, they said. The aggregate portfolio size of the seven roads assets would stand at approximately...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
NARCL set to acquire debt of Dharani Sugars #Finance ift.tt/Dtw4HTF

NARCL set to acquire debt of Dharani Sugars

NARCL's ₹222.5 crore binding offer had triggered a Swiss Challenge auction which was scheduled on March 17. Lenders did not receive any counter offer for the ₹619-crore creditors' claim that was...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
India's strong corporate debt profile key to macroeconomic stability: Finance Ministry #Finance ift.tt/zJ2dUYt

India Inc's strong debt profile key to economy's macro stability: Finance Ministry

"Tightening of financial conditions by central banks to tame inflation has raised concerns regarding the exacerbation of corporate debt vulnerabilities, with corporates being already highly leverag...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
RBI fines RBL Bank for non-compliance with rules on loan recovery agents #Finance ift.tt/4kXiFA5

RBI fines RBL Bank for non-compliance with rules on loan recovery agents

The RBI noticed "deficiencies in regulatory compliance" after it examined complaints received against the Mumbai-based lender's recovery agents during the financial years 2018-19 to 2021-22, the...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
How resilient are Indian lenders amid a global banking turmoil? #Finance ift.tt/9ShiZew

How resilient are Indian lenders amid a global banking turmoil?

Prime Minister Narendra Modi and Central Bank Governor Shaktikanta Das have both said that local lenders are strong, after the U.S. banking crisis spilled over to the Indian stock market and rattled...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
Supreme Court declines to stay NCLAT order to hold second round of auction for RCap assets #Finance ift.tt/Qw0y3G2

Supreme Court declines to stay NCLAT order to hold second round of auction for RCap assets

The Supreme Court on Monday declined to stay the National Company Law Appellate Tribunal's (NCLAT) order to hold a second round of auction for RCap assets. A bench comprising Justices Sanjiv Khanna...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
India state-run banks' gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23 #Finance ift.tt/N3vPR86

India state-run banks' gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23

​​All state-run banks are in profit with aggregate profit being Rs 66,543 crore in 2021-22, and that further increased to Rs 70,167 crore in first nine months of current financial year, Minister of...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
Bonds and NCDs an Investment Option #Finance ift.tt/HmL6qai

Bonds and NCDs an Investment Option

Fixed income investments options such as Bonds and Non-Convertible Debentures (NCDs) have gained a lot of popularity as they offer options for investments from starting from just one day to long term

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions #Finance ift.tt/HyspkXt

HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions

The plea has also sought direction that foreign exchange transactions through Indian banks and foreign bank branches in India must have information like the name and mobile number of the depositor,...

economictimes.indiatimes.com
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ET Finance@ETFinance
20 Mar 2023
Bank crisis abroad won't hit India's macro stability: DEA Secy Ajay Seth #Finance ift.tt/iKbZXhY
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ET Finance@ETFinance
20 Mar 2023
Banks set to pilot dollar clearing and settlement at IFSC #Finance ift.tt/lPiJhkb

Banks set to pilot dollar clearing and settlement at IFSC

Over the next few months, Wall Street banking biggie JP Morgan, along with several other financial institutions, will carry out a pilot project where dollar payments and receipts can be completed...

economictimes.indiatimes.com
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ET Finance@ETFinance
19 Mar 2023
Money in bank: Women’s share in deposits rises, but gender gap in average holding widens #Finance ift.tt/tjE2qQd

Money in bank: Women’s share in deposits rises, but gender gap in average holding widens

Over a third of bank accounts in the country holding nearly 20% of total deposits belong to women, data released by the government showed. Even as the share of women in bank accounts and deposits has...

economictimes.indiatimes.com
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ET Finance@ETFinance
19 Mar 2023
Bank of Baroda hikes interest rates on domestic retail term deposits by 25 bps #Finance ift.tt/We6v8xD

Bank of Baroda hikes interest rates on domestic retail term deposits by 25 bps

Bank of Baroda on Friday increased interest rates on domestic retail term deposits, including NRO and NRE term deposits, by 25 basis points on select tenors.

economictimes.indiatimes.com
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ET Finance@ETFinance
19 Mar 2023
FSIB to soon start selection process for new LIC chairman #Finance ift.tt/7umkNnJ

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ET Finance@ETFinance
19 Mar 2023
Real estate focussed fund Experion Developers set to acquire Dignity Buildcon #Finance ift.tt/iZPI9u7

Real estate focussed fund Experion Developers set to acquire Dignity Buildcon

Experion Developers offered Rs 450 crore for the real estate developer Dignity Buildcon - a company engaged in developing commercial towers on Golf Course Extension Road of Gurgaon.The offer would...

economictimes.indiatimes.com
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ET Finance@ETFinance
18 Mar 2023
India needs to internationalise payment products: RBI Governor Shaktikanta Das #Finance ift.tt/RM3L9TD

India needs to internationalise payment products: RBI Governor Shaktikanta Das

The governor said with the Indian economy getting increasingly integrated with the global system, crossborder payments have assumed greater significance.

economictimes.indiatimes.com
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ET Finance@ETFinance
18 Mar 2023
IDBI Bank disinvestment: 'Transaction on track as per process', DIPAM rubbishes media reports #Finance ift.tt/hMw1mzQ

IDBI Bank disinvestment: 'Transaction on track as per process', DIPAM rubbishes media reports

The government on Friday said the disinvestment of IDBI Bank is on track as per the defined strategic sale process. Debunking media reports which indicated a possibility of deferment of IDBI Bank...

economictimes.indiatimes.com
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ET Finance@ETFinance
17 Mar 2023
NCLT approves Welspun takeover of Sintex BAPL #Finance ift.tt/oWEO9r3
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