Utkarsh Micro Finance, which received license to set up small finance bank, has raised Rs 30 crore in commercial paper, the company said. Ratnakar Bank has invested in the CP issue which will mature in 180 days. The coupon was 10.15 per cent.
Author: admin (Infratructure Today)
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NHB gives nod to 6 new entities
The National Housing Bank (NHB) has granted permission to six new entities, namely, Supreme Housing Finance, Nivara Home Finance, Khush Housing Finance Private, Bajaj Housing Finance Capri, Global Housing Finance Pvt Ltd and Hinduja Housing Finance Ltd, to become housing finance companies.
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RBI approval to set up a subsidiary for real estate of SBI
State Bank of India (SBI) has received in principle approval from RBI to set up a subsidiary that will manage the real estate of the government owned bank.
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CIL, SCCL earn Rs.30,000 cr
The state-owned CIL and Singareni Collieries Company (SCCL) have earned incremental revenues of around Rs.30,000 crore through e-auction, Mjunction Services, a JV between Tata Steel and SAIL that pioneers in e-auction services, said.
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Centre leapfrogs Uttarakhand govt on roads construction
The Central Government will directly spend about Rs.12,000 crore to rebuild roads on Char Dham and Hemkund Saheb pilgrim routes in Uttarakhand which were damaged during the 2013 floods, adversely affecting the tourism business in the state, a union government official said. The project will be completed in the next four years.
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Finance Ministry comes to the rescue of Indian airlines
The Finance Ministry may come to the rescue of IndiaĆĀ“s ailing airline industry. Noting that airlines are among the biggest loss-making entities in aviation sector here, Minister of State for Finance Jayant Sinha will have a meeting with all carriers to discuss their woes.
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Govt may hire experts in banking surveillance: Finance Ministry
The government could hire experts in banking sector surveillance, the Finance Ministry said, as it seeks to avoid incidents like the alleged Rs.6,000 crore scam at Bank of Baroda. ĆāWe need specialised expertise in surveillance and analytical algorithm,Ćā Minister of State for Finance Jayant Sinha said after a meeting with officials from public sector banks
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Centre to discuss policy support by states for affordable housing
The Ministry of Housing and Urban Poverty Alleviation will discuss with the states the policy measures being taken by them to promote affordable housing projects for the benefit of economically weaker sections (EWS) and low income groups (LIG).
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GoI makes changes in indirect tax rates
The Government of India has made changes in indirect tax rates. In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of this financial year, basic customs duty on wheat has been increased from 10 per cent to 25 per cent for a period up to 31.03.2016.
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No deadline for civil aviation policy: Raju
Civil aviation minister Ashok Gajapathi Raju has said the government has not set a deadline for finalising the civil aviation policy. He said the policy was in ĆĀ“advanced stagesĆĀ“ and would be approved soon.