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IDBI Bank raises Rs.2,500 crore

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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JICA loan to Uttarakhand forest project

JICA loan to Uttarakhand forest project

The Japan International Cooperation Agency (JICA) has approved a loan of about Rs 674 crore for a forest project in Uttarakhand. The loan at a concessional interest rate of 0.30 per cent carries a repayment period of 40 years with a grace period of 10 years.

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Reform agenda: Hoping for relief

Reform agenda: Hoping for relief

Hindsight: The rising interest rate is a grave concern for infrastructure companies. The beleaguered funding situation have seen a number of projects already been put on hold in the planning stage itself.

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RBI expects fall in corporate investment

RBI expects fall in corporate investment

Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo

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Indian economy may grow around 5%: RBI chief

Indian economy may grow around 5%: RBI chief

India's economy may grow at 5 to 5.5 percent rate in 2013-14, Reserve Bank of India Governor Raghuram Rajan said. In an article written on Project Syndicate, the governor said this rate of growth is "not great, but certainly not bad for what is likely to be a low point in econ

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Banks raise interest on NRI deposits

Banks raise interest on NRI deposits

Some banks raised interest rate on non resident Indian (NRI) deposits in order to attract more dollar into the country. Earlier, Reserve Bank of India (RBI) allowed lenders to offer higher interest rates on NRI accounts to attract dollar and thereby reduce weakness in rupee exchange

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RBI suggests structural reforms to boost economic growth

RBI suggests structural reforms to boost economic growth

Economic growth may recover in 2013-14 if the government unleashes reforms to remove supply bottlenecks and maintain stability, Reserve Bank of India (RBI) said in its annual report. Economic growth may get a boost from institutional reforms like better regulation of natural resources, improved harnessing of water resources, investing more in skill form

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Srei Infra hikes base lending rate to 18%

Srei Infra hikes base lending rate to 18%

Considering the rise in the cost of funds for the infrastructure sector, Srei Infrastructure Finance raised benchmark lending rate by 50 basis points. Thus, the new benchmark rate stands at 18 percent per annum effective from Sept. 1, 2013 compared to the earlier rate of 17.50 percent

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Economic growth may recover later in FY14: RBI

Economic growth may recover later in FY14: RBI

In its Annual Report 2012-13, Reserve Bank of India (RBI) said the economic growth may recover later in 2013-14 if government delivers better administration, eases supply constraints and maintain stability. Economic growth in the country slipped to a decade-low level of 5 percent in 2012-13 and this year the RBI expects growth to be

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