In the policy statement, Reserve Bank of India (RBI) said banks reduced lending rates on an average by 36 basis points to 12.17 per cent during 2012-13 (up to February). This is compared to a 50 basis points cut in repo rate and 75 basis points reduction in CRR by the RBI in 2012-13
Category: Infrastructure Finance
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IOC issues Rs 17 bn worth bonds
According to a company statement, Indian Oil Corp (IOC) mopped up Rs 1,700 crore through issue of Secured Redeemable Non-Convertible Bonds instead of the original size of Rs 500 crore. It is learnt that banks, insurance companies, primarily dealers, mutual funds, financial institutions, among others, have
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Ahluwalia says capital markets made significant progress
Planning Commission Deputy Chairman Montek Singh remarked that the Indian capital market made a significant progress since Sebi was formed in late 1980s and going forward it needs to be even more benchmarked against global standards. He also opined that the domestic capital market withstood the pressures of the time very well and has come a long way over the
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Ahluwalia says capital markets made significant progress
Planning Commission Deputy Chairman Montek Singh remarked that the Indian capital market made a significant progress since Sebi was formed in late 1980s and going forward it needs to be even more benchmarked against global standards. He also opined that the domestic capital market withstood the pressures of the time very well and has come a long way over the
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Experts suggest govt to develop corporate bond market
Experts suggest the government to develop corporate bond market in India to boost financing for infrastructure projects in the country. Even multilateral financial institutions like Asian Development Bank (ADB) have recognised the need to develop corporate bond market. The bank is supporting innovative pilot demonstration projects by providing partial cred
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Experts suggest govt to develop corporate bond market
Experts suggest the government to develop corporate bond market in India to boost financing for infrastructure projects in the country. Even multilateral financial institutions like Asian Development Bank (ADB) have recognised the need to develop corporate bond market. The bank is supporting innovative pilot demonstration projects by providing partial cred
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Banks exercise caution while lending to MFIs
While flow of bank credit to microfinance industry has recovered in the last two years, banks are said to be exercising great caution in choosing the right microfinance institution (MFI). Banks have become very selective in their funding decisions. They are looking for MFIs which are compliant with the code of conduct and with RBI norms, Mathew Titus
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Banks exercise caution while lending to MFIs
While flow of bank credit to microfinance industry has recovered in the last two years, banks are said to be exercising great caution in choosing the right microfinance institution (MFI). Banks have become very selective in their funding decisions. They are looking for MFIs which are compliant with the code of conduct and with RBI norms, Mathew Titus
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MBL Infra’s arm secures loan for highway project
Suratgarh Bikaner Toll Road Company, which is a subsidiary of MBL Infrastructures, achieved financial closure for two laning of Bikaner-Suratgarh section in national highway (NH)-15 in Rajasthan. The company would execute the project on design, build, finance, operate and transfer (DBFOT) basis. A consortium of five public sector banks agreed to provide debt for the project. MBL Infrastructure has both engineering, procurement and construction and build-oper
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Board of IDFC decides to foray into banking
Rajiv Lall, Executive Chairman of IDFC informed that the board of the infrastructure finance company decided to go ahead for a banking license. IDFC is an infrastructure financing non-banking financial company (NBFC). According to analysts, NBFCs stand a brighter chance to get a bank license from the Reserve Bank of India (RBI)