Majority of economists and financial market observers expect Reserve Bank of India (RBI) to cut policy repo rate by 25 basis points on January 29 to 7.75 percent. The decline in inflation gauge based on wholesale price index (WPI) and the government's resolve to reduce fiscal deficit increased expectation that the central bank would redu
Category: Infrastructure Finance
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Adani Ports and SEZ Ltd: Q3 Financial Results
Adani Ports & SEZ Ltd, India's largest private port developer and part of Adani Group, today said its total income rose 35% to Rs.2,533 crore for the nine months ended December 31, 2012 compared to Rs.1,870 crore in the corresponding nine months of previous year.
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SKS completes Rs 411 cr worth securitisation deal
So far in 2012-13, SKS Microfinance clinched five securitisation deals aggregating to Rs 411 crore with banks. The fifth one was a Rs 52.62 crore securitization deal that the bank entered into recently with a private sector bank and which is rated A1 {SO). Meanwhile, it may be noted that the company announced a net profit of Rs 1.2 crore during October-December 2012, after suffering losses in seven consecutive qua
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SKS completes Rs 411 cr worth securitisation deal
So far in 2012-13, SKS Microfinance clinched five securitisation deals aggregating to Rs 411 crore with banks. The fifth one was a Rs 52.62 crore securitization deal that the bank entered into recently with a private sector bank and which is rated A1 {SO). Meanwhile, it may be noted that the company announced a net profit of Rs 1.2 crore during October-December 2012, after suffering losses in seven consecutive qua
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PE association expects muted growth in 2013
Agency reports shows that Indian Private Equity & Venture Capital Association expects growth in the private equity (PE) and venture capital (VC) sectors to be subdued in 2013 owing to the slowing of the domestic economy. The association expects exits by PE funds during the year if the stock market does well this year as predicted. There are many funds which have invested durin
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Banks witness faster growth in deposit recently
Deposits of commercial banks expanded by a robust Rs 62,750 crore while credit growth was relatively moderate at Rs 17,380 crore during the first fortnight of the January-March quarter, data from the Reserve Bank of India (RBI) shows. This snaps the trend of credit growth outpacing deposit growth during the October-December 2012 perio
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FII investment cap in bonds raised
The ceiling on investment by foreign institutional investors (FII) in government bonds and corporate bonds has been raised by $5 billion each. The sub-limit of $10 billion for investment by FIIs in G-secs was enhanced by $5 billion, Reserve Bank of India ( RBI) said. The cap on corporate debt other than in the infra
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Mauritius Unitus trims holding in SKS Microfinance
In a communication to the stock exchange, Mauritius Unitus Corporation sold a part of its stake in the only-listed microfinance institution in the country SKS Microfinance. Through open market trade in the BSE and NSE, the firm sold over 1 lakh of its shares in the microfinance instit
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Experts suggest raising limit on FII investment in bonds
Some experts suggest the government to raise investment limit of foreign institutional investors (FIIs) in corporate bonds help investment in the infrastructure sector. They also want the government to raise investment limit of FIIs in government bonds as this would help in brin
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Board of UCO Bank clears Rs 681 cr fund raising plan
In a filing at the Bombay Stock Exchange (BSE), UCO Bank informed that its board cleared a proposal to raise Rs 681 crore by issuing equity shares on preferential basis in favour of Government of India (GoI). Thus, the bank would issue equity shares on preferential basis for an amount aggregating to the tune of Rs 681