According to bankers, credit-rating agencyCrisil is setting the stage for an acquisition.
Operational creditors are suppliers of goods or services to a defaulting company.
Hindustan Petroleum is in the dollar-bond market with a benchmark issue. The refiner is likely to raise USD 500 million dollar money, said i-banking.
"Over the last 10 years, they are forcing MSMEs to turn digital. As GST becomes pervasive, you can create both e-data & financing for MSMEs", said Ahuja.
The rating also reflects the bank's somewhat weaker capital flexibility than its peers.
Revised estimates in the year ended March 2016 were at Rs 67,350 crore, up more than three times from Rs 19,000 crore in March 2015.
RBI had prohibited banks and HFCs from funding land deals fearing a real estate bubble. Parekh said HFCs can provide strong checks and balances and can help reduce the house cost.
The bonds are so called green bonds and will be used to finance environmentally friendly projects.
ICRA expects gross non-performing assets (GNPAs) of Indian banks to increase to 9.9% to 10.2% by March 2018 from 9.5% in March 2017 with fresh slippages of loans expected at 3% to 4% in the fiscal.
The sale was done close to the top end of the price band the bank had set, these people said.
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