The Adani Group plans to prepay a $500 million loan due next month to a group of banks as the Indian conglomerate looks to bolster […]
Category: Enterprise
NBFC-MFIs dominate microfinance market, says new report
The NBFC-MFIs (non banking finance company-micro finance institutions) group dominated the microfinance market with portfolio share of 35.1% as of September last year, credit information […]
Moody’s says bank exposure to Adani not large to affect credit quality
Indian banks’ exposure to the Adani Group will not materially affect their credit quality since it is less than one percent of their outstanding, but […]
Don’t see loan exposure to Adani as an issue for SBI, says CreditSights
Research firm CreditSights on Tuesday said that it does not see the loan exposure to Adani Group stocks as an issue for the State Bank […]
IL&FS to distribute Rs 3,200 crore to IFIN creditors
IL&FS Group has initiated its largest Interim Distribution pay-out till date – in IL&FS Financial Services Limited (IFIN), an IL&FS Group company. As part of […]
Banks to face margin pressure next fiscal, net interest margin may fall by 10 basis points to 3.45%: Fitch
Banks will face margin pressure next fiscal as they increase the deposit rates to attract funds to support sustained high loan growth, and the same […]
Bonds out, Adani Group looks for new ways to refinance ACC, Ambuja M&A loans
The Adani Group is likely to shelve its plans to raise close to $500 million via international bonds and will explore other financing options, including […]
Standard Chartered stops lending against Adani dollar bonds amid volatility
After Citi and Credit Suisse, British bank Standard Chartered (StanChart) has stopped giving loans on the back of dollar bonds floated by companies of the […]
Axis Bank says exposure to Adani Group at 0.94 pc of total loans
Axis Bank, India’s fourth-biggest private lender, joined top-deck state-run peers in defending its financial exposure to the Adani Group, which has lost more than $110 […]
Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality
Public sector lender Bank of Baroda on Friday said it has reduced exposure to the embattled Adani Group entities over the last two years, and […]