Shareholders of the bank gave approval to borrow in excess of the paid up capital and free reserves but not exceeding Rs 60,000 crore, Kotak Mahindra Bank said
The soft data has raised expectations that the RBI will cut its policy repo rate by 25 bps at its next policy meeting on 1-2 August, with some traders speculating a move ahead of that
Fitch Ratings has affirmed Bharti Airtel's long-term foreign currency Issuer Default Rating (IDR) as stable, a statement said here on Friday.
The bulk of India's $150 billion in soured loans are owed to state-run lenders that dominate the banking system.
The U.S. dollar dropped as much as 0.6 percent, while gold and oil prices rallied hard, though the early market panic ebbed when a U.S. official called the attack a "one-off", with no plans for escalation.
The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent marked a convincing step in the Fed's effort to return monetary policy to a more normal footing.
The bank will offer an interest rate of 8.62 per cent per annum to the bond holders
India Ratings, however, retained its negative outlook on mid-sized and smaller state-run banks due to limited access to capital and large non-performing assets
The proceeds of the issue would go to refinance a $1.2 billion bridge loan the company had taken from a group of foreign banks to make payments for the $1.268 billion acquisition
The bank intends to raise Tier 1 capital through private placement of Basel III compliant additional tier 1 bonds of Rs 10,00,000 each at par aggregating to Rs 500 crore
Company's loan portfolio as on March 31, 2016 was Rs 7,980 crore
European equities fell and Germany's 10-year bond yield slid to a record low for a second day on Wednesday
As on 31 March, 2016 the amount invested was Rs 6,577 crore which gave a return of Rs 6,601 crore, which is up by 0.37 percent
This is on top of an addition of 59 lakh folios in 2015-16 and 22 lakh in 2014-15
India needs a huge Rs 31 lakh crore in the next five years for building its infrastructure, a report said today
Railways have identified the projects to be taken up on priority basis where the internal rate of return is more than 14 percent.
In comparison, the total investments by FPIs in corporate bonds stood at Rs 3,45,488 crore as against a cap of Rs 4,14,323 crore.
The earlier auctions for government debt securities have always been over-subscribed multiple times, given the huge interest among foreign investors for these bonds.
The bonds of long tenure of 40 years are being planned in view of the elongation of maturity of the portfolio which is preferred to limit rollover risk and is internationally followed in the advanced economies, the junior finance minister said.
The RBI's move to allow the offshore rupee bonds this month follows the success of a "masala" bond issued last year by the International Finance Corporation.