State-run Canara Bank said it would raise Rs 3,000 crore on a
private placement basis by issuing Basel-III compliant tier-II bonds. The
decision was taken at the bank's Board meeting held on Monday. "The Board
of Directors of the company permitted the bank to raise capital of Rs 3,000
crore through issue of Basel-III compliant tier-II bonds by way of private
placement", it said in a BSE filing. The coupon rate on the bonds will be
decided by the Bond Committee of the bank to support the asset growth and maintain
comfortable level of CRAR, it added.
-Business Today
-Business Today
Public sector Andhra Bank on Monday said it would issue over
2.88 crore shares to LIC to raise over Rs 136.47 crore. The bank is
"raising of capital by way of creating, offering, issuing and allotting
2,88,53,210 equity shares for cash at Rs 47.30 per share on preferential basis
to LIC"
-The Hansindia
-The Hansindia
SBI, on Tuesday said it has raised Rs. 500 crore from issue of
bonds on a private placement basis. "The bank on March 21, 2016 issued
5,000 Basel III compliant, tier-ll bonds in the nature of debentures of face
value of Rs. 10,00,000 each at par with 10-year tenure, bearing 8.45 per cent
per annum coupon payable annually and with a call option after 5 years
aggregating Rs 500 crore on a private placement basis," State Bank of
India said in a BSE filing.
-The Statesman
-The Statesman
IDBI Bank's board of directors has approved in-principle rupee
bond issuance limit of Rs. 20,000 crore to be borrowed in one or more tranches
during FY 2016-17 or during one year from the date of passing of the special
resolution by shareholders at the ensuing AGM of the Bank, whichever is
later.In a notice to BSE, the bank said the issuance will comprise
Senior/Infrastructure Bonds, Basel III compliant Tier II / Additional Tier I
Bonds by way of private placement/public issue.
-Business Line
-Business Line
Prime Minister has instructed officials to monitor loans
extended to rural self-help groups (SHGs) through the Aadhaar scheme. Three
crore households have so far been linked to SHGs under the Deendayal Antyodaya
Yojana that targets poverty alleviation through sustainable livelihood, NITI
(National Institution for Transforming India) Aayog officials told the prime
minister.
-B K Online
-B K Online
Finance Minister Arun Jaitley denied any rift with the Reserve
Bank today and attributed the reports about his officials not being on the same
page with their Mint Road counterparts as a result of "our national love
for conspiracy theories". Stating that he has "a good professional
relation" with Reserve Bank Governor Raghuram Rajan.
-The Hansindia
-The Hansindia
The Enforcement Directorate (ED) has questioned IDBI bank
officials, including its former CMD, in connection with its money laundering
probe in the over Rs 900 crore alleged loan fraud involving the bank and
Kingfisher Airlines.
-The New Indian Express
-The New Indian Express
As many as 9.39 crore Jan Dhan accounts have been seeded with
Aadhaar, Minister of State for Finance Jayant Sinha said today.
-The Financial Express
-The Financial Express
The government is expected to propose 100% FDI in 25 more
segments of NBFCs including commodity broking and infrastructure debt fund with
a view to attract more foreign inflows. The proposal, according to sources, is
based on the announcement for allowing FDI in more categories of Non-Banking
Financial Company (NBFCs) activities, made by Finance Minister Arun Jaitley in
his Budget speech.
-Free Press
-Free Press
The government is looking at imposing penalties for delaying
farmers' settlement claims under the new crop insurance plan, Financial
Services Secretary Anjuly Chib Duggal said on Tuesday.
-Asian Age
-Asian Age
RBI Governor Raghuram Rajan said that the world needs a new
international agreement on the lines of Bretton Woods that created the current
multilateral financial system, to prevent central banks from adopting policies
that could hurt other economies.
-B K Online
-B K Online
Indian banks' asset quality and capitalisation are likely to
remain under pressure in the next 12 months mainly because of tepid industrial
activity and high leverage by some corporates, Standard & Poor's said
today.
-Profit NDTV
-Profit NDTV
Union Finance Minister Arun Jaitley said the
behaviour of Vijay Mallya who has defaulted on Rs 9,000 crore repayment to 17
banks, has brought the private sector entrepreneurs in India a "terrible
name." "He has not only brought himself a bad name, he has also
brought a terrible name to private sector entrepreneurs in the country,"
-India TV News
-India TV News
India will get USD 421 million from an American financial
institution for its solar and broadband projects to enable it to become a low
carbon economy and expand the internet infrastructure. US Government's
development finance institution, Overseas Private Investment Corporation
(OPIC), approved USD 250 million last week
-The Statesman
-The Statesman
Total investments in electronics manufacturing sector in India,
one of the world's largest consumer electronics market, has crossed Rs 1.28 lakh
crore, Communications and IT Minister Ravi Shankar Prasad said on Tuesday.
-Profit NDTV
-Profit NDTV
Local manufacturers of Holi colours and sprinklers are facing
huge losses ahead of the festival as Chinese-made alternatives are selling like
hot cakes, an Assocham survey has revealed.
The survey said Chinese products were more "innovative" and were cheaper by up to 55 per cent, due to which they were outselling the ones manufactured locally in states like Uttar Pradesh, Rajasthan, Madhya Pradesh and Gujarat.
-Profit NDTV
The survey said Chinese products were more "innovative" and were cheaper by up to 55 per cent, due to which they were outselling the ones manufactured locally in states like Uttar Pradesh, Rajasthan, Madhya Pradesh and Gujarat.
-Profit NDTV
RBI likely sold dollars through state-owned banks in a bid to
prevent sharper falls in the rupee after reports of explosions at the Brussels
airport hit global markets, three currency traders said on Tuesday. The traders
added the intervention started when the rupee fell to around 66.83 per dollar
levels, down from its 66.5250-66.5350 close on Monday.
-Deccan Chronicle
-Deccan Chronicle
US Dollar/INR 66.72
SENSEX 25330.49 (+45.12)
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SENSEX 25330.49 (+45.12)
NIFTY 7714.90 (+10.65)
