finance

Uncertain future stares at bleeding PSU banks

The economic system has shrunk 15.7 per cent within the first half of the year, jobs have been taken back, incomes have contracted and uncertainty…

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Creditors' committee of DHFL to vote on final resolution plans

In a latest, it is learnt that the the creditors' committee of  the cash trapped  Dewan Housing Finance Limited (DHFL) will soon begin voting on…

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Shriram Transport Finance plans to raise funds via debt securities

Shriram Transport Finance Company has confided that its Board members will meet next month to consider raising funds through the issuance of debt securities.

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Banks will focus on cash flow-based lending in future: Ajay Vyas, UCO Bank

Moving on from ratings criteria to grant loans, banks are likely to focus on cash flow-based lending in times to come, a top executive of UCO Bank…

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Auction for Sale (Re-issue) of ‘4.48% GS 2023’, ‘GoIFloating Rate Bond 2033’, ‘6.22% GS 2035’, and ‘6.67% GS 2050’

The Government of India (GoI) has announced the Sale (Re-issue) of (i) ‘4.48% Government Security, 2023’ for a notified amount of Rs6,000 crore (nominal)…

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Sharp fall in incremental costs could boost margins of NBFCs

As economic recovery picks pace, shares of many financial institutions including non-banking financial companies (NBFCs) are in the limelight as economic…

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SEBI gives nod to Suryoday Small Finance Bank to launch its IPO

Markets regulator Securities and Exchanges Board of India (SEBI) has green signaled the proposal of Suryoday Small Finance Bank to float its initial…

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Anupam Rasayan files preliminary papers with SEBI; intends to secure IPO of Rs. 760 crore

Anupam Rasayan, a specialty chemical company based in Surat, has filed preliminary papers viz. draft red herring prospectus with SEBI to raise Rs. 760…

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