Showing 67 Result(s)
Finance News

RBI relaxes exterior industrial borrowing norms for corporates, NBFCs

The Reserve Financial institution of India on Tuesday relaxed norms on end-use of funds raised through exterior industrial borrowings, making it extra enticing and viable for corporates together with non-banking finance firms to boost cheaper offshore funds. The central financial institution stated primarily based on suggestions from stakeholders and with a view to additional liberalise …

Finance News

PNB Housing Finance raises Rs 690 crore from IFC by ECB route

Mortgage lender PNB Housing Finance has raised Rs 690 crore ($100 million) from Worldwide Finance Company (IFC) through the exterior industrial borrowing (ECB) path to not solely enhance its liquidity place however to additionally steadiness the corporate’s long-term asset legal responsibility administration place. The corporate additionally stated it can use the funds for on-lending to …

Finance News

PNB Housing Finance raises $100 mn from IFC for inexpensive housing initiatives

PNB Housing Finance Ltd on Monday mentioned it has raised $100 million (round Rs 690 crore) from Worldwide Finance Company (IFC), a member of the World Financial institution Group, to finance the acquisition of inexpensive housing initiatives.   “The funding was made beneath the central financial institution’s computerized route within the revamped exterior business borrowings (ECB) …

Finance News

RBI report on improvement of secondary marketplace for company loans in Aug

The Reserve Financial institution is predicted to return out with a report subsequent month on facilitating improvement of secondary marketplace for company loans. The central financial institution had arrange a process pressure to recommend coverage and regulatory interventions required for improvement of secondary market in company loans, together with mortgage transaction platform for careworn property. …

Finance News

ICICI Financial institution swings into black in first quarter on greater retail mortgage development

ICICI Financial institution Ltd, India’s second-largest personal lender, reported a quarterly revenue on Saturday in contrast with a loss a yr earlier, helped by decrease provisions and better retail mortgage development. Internet revenue for the fiscal first quarter ended June 30 was Rs 190.eight crore ($277.04 million), in contrast with a lack of Rs 120 …