In order to reduce its debt, GMR Infrastructure is in the process of offloading stake in some of its toll road projects. The company is reportedly in talks with potential investors such as Morgan Stanley Infrastructure Fund, Citigroup Venture Capital, SBI Macquarie and ICICI Venture to raise about Rs 1,800 crore through the stake sale
Tag: loan
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Net profit of HDFC rises 17%
Net profit of the Housing Development Finance Corporation (HDFC) rose 17.27 per cent to Rs 1,555 crore during Jan-Mar 2013 quarter on a standalone basis. The financial institution attributes the growth in profit to rising loan book and maintaining of margins. Net interest margin of the company was 4.2 per cent while the spread was 2.3 per
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RBI fixes credit-deposit growth target for J&K
Addressing a special meeting of J&K state level bankersĆā committee (J&K SLBC) at SKICC, Reserve Bank of India (RBI) Governor D Subba Rao fixed a target of achieving 4 percent growth in credit deposit (CD) ratio across the state and across the banks during 2013-14. According to the fresh target the present percentage would rise from 36 percent to 40 percent by end of March 2014
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Net profit of Corporation Bank rises marginally
Corporation Bank posted a net profit of Rs 3,555.310 million for the quarter ended March 31, 2013 as compared to Rs 3,512.625 million for the quarter ended March 31, 2012. Total Income has increased from Rs 40,091.798 million for the quarter ended March 31, 2012 to Rs 46,354.956 million for the quarter ended March 31, 2013
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Net profit of State Bank of Hyderabad falls 21%
During Jan-Mar 2013, net profit of State Bank of Hyderabad fell 21 per cent to Rs 379 crore compared to Rs 481 crore in the year-ago period. For the full year 2012-13, net profit declined 3.70 per cent at Rs 1,250 crore (Rs 1,298 crore). Total business grew by 16.9 per cent to Rs 2,10,532
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Rate of securitisation declines
A report by India Ratings shows that lack of priority sector lending eligible assets reduced the rate of securitised loans in the country, even as credit quality of such loans improved. At least 35 per cent of assets became ineligible for PSL (priority sector lending) qualification because of the introduction of the
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SBI sees relief in exposure to steel firms
In an interview to a leading media, Pratip Chaudhuri, Chairman of State Bank of India (SBI) said the bank's entire exposure to the steel sector which were either NPA or restructured have now become standard. The stress on the bank's asset in this sector got reduced because of improvement in the supply of raw material to steel companies. It may be noted that the sup
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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