According to a report, the total value of assets held by India´s financial institutions touched $2.8 trillion, the third largest among BRICS nations, in 2013.
Author: admin (Infratructure Today)
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SBI seeks flexibility in lending rules by RBI
The State Bank of India (SBI) has urged the Reserve Bank of India (RBI) to allow flexible lending rules including restructuring loans given to existing projects in line with revised cash flows available for debt refinancing
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IDBI Bank raises Rs.2,500 crore
IDBI Bank has raised Rs 2,500 crore through Basel-III-compliant additional Tier-I (AT-I) bonds to enhance its capital adequacy. The coupon (interest rate) for AT-I bonds is 10.75 per cent payable annually.
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PE investments touch $3.1 bn in July-September
Private equity (PE) investment in the July-September quarter reached $3.1 billion, registering a growth of 47 per cent over the corresponding period last year, says a report.
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Gati arm raises Rs.150 crore
Gati Kausar India, the cold chain arm of Gati Ltd, is raising Rs 150 crore ($24.45 million) from Mandala Capital.
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Pvt banks lower interest rates for corporates
Banks are tweaking interest rates on loans to the corporates of India. On a selective basis, depending on the tenure or security of the loan, banks, especially in the private sector, are tweaking rates to suit the demands of corporates.
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DSIR project to get new thrust
Significant developments is expected shortly in the Dholera Special Investment Region (DSIR) as the Delhi Mumbai-Industrial Corridor Corporation (DMICDC) Trust, the Government of India´s nodal agency for the execution of the DMIC project has agreed to pump in Rs 3,000 crore for infrastructure development at the SIR, mainly for flood control in the area.
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Essar Group raises $450 mn
The Essar Group has achieved financial closure for the $1.8 billion Minnesota Mining project making some headway six years after the asset was acquired. The group has raised $450 million from a clutch of New York based funds to fund the expansion of the mine.
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India to grow at 8-9 per cent
According to the Union Finance Minister Arun Jaitley, India has the capacity to grow at 8-9 per cent and good governance would make economic expansion ´more exuberant´.
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Vizhinjam project gets Centre´s VGF
The proposed Vizhinjam deepwater port and international transhipment terminal in Kerala has become the first to be granted viability gap funding (VGF) by the Centre. A decision to this effect was taken at a meeting of an empowered panel under the Union Finance Ministry recently.