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 […]
Category: Enterprise
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 […]
Our loans to Adani Group are secure: JK Bank
Jammu and Kashmir Bank, which has an exposure of nearly Rs 250 crore in the Adani Group, on Friday said the bank investors have nothing […]
SBI, BoB say Adani exposure within limits, payments on track
Two top public sector banks have said that their loan exposure to the Adani Group is being serviced regularly and its well within their corporate […]
India’s largest bank SBI has $2.6 billion of loans to Adani Group companies
State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about […]
Tata Sons looks to shed its ‘Upper Layer NBFC’ tag
Tata Sons has been exploring the possibility of being exempted from a Reserve Bank of India (RBI) notification, issued in October 2021, that included it […]