SEARCHED FOR:CAPITAL INFUSION
Tamil Nadu gives guarantee, budgetary support for Rs 30,230 cr liquidity loans
The state has issued administrative orders for unconditional and irrevocable government guarantee and commitment letters from finance department for financial assistance of Rs 30,230 crore for loan proposed to be availed from PFC and REC Ltd, sources said.
Banks need to raise capital on anticipatory basis: RBI Governor Shaktikanta Das
"In such a situation, it has become a lot more important that...
IIFCL gets capital infusion of Rs 5,298 crore from govt
"The increased paid-up equity share capital enables IIFCL to create requisite headroo...
Deadline for proposed Lakshmi Vilas Bank-Clix Capital merger due diligence extended till Sept 15
"There may be slight delay in the mutual due diligence and preparation of documents for regulatory requirements due to Covid situation and travel restrictions. Hence, both the parties mutually agreed to extend the exclusivity period till 15th September 2020," the bank said on Thursday evening.
Budget 2020: Govt may infuse fresh capital into regional rural banks
The size of the capital infusion could be in the range of Rs 10,000-15,000 crore, which would be spread over a span of five years. Capital infusion in RRBs assumes importance as the government is finding ways to boost credit to the farm sector.
Bankers suggest Rs 10 lakh crore capital infusion, setting up bad banks to PM Modi
State Bank of India chairman Rajnish Kumar, HDFC managing director Renu Sud Karnad and Kotak Mahindra Bank managing director Uday Kotak made presentations before the PM. The meeting comes amid muted credit growth and apprehensions of a spike in non-performing loans due to Covid-19 disruptions.
Vodaone Idea gains 10% on reports of capital infusion
While Vodafone is set to put in $200-225 million, $125-150 million may come from its JV partner.
LVB in talks with investors for capital infusion; looks to raise Rs 1,000 crore: CEO
The bank needs capital to grow and make profit, and "we have got Clix as they have expressed their interest to merge with the bank. The advantage is that they are capital surplus and we are capital deficit," LVB, MD and CEO S Sundar told in an interview.
Higher NPAs hinder monetary policy transmission: RBI paper
In an environment of sustained asset quality stress impacting the capacity of banks to lend, the government has infused capital in public sector banks to improve their capital position and facilitate credit extension, the paper noted.
IOB receives government capital infusion of Rs 4,360 crore
State-owned Indian Overseas Bank has received government's capital infusion of Rs 4,360 crore towards contribution in the preferential allotment of equity shares.
Govt to infuse Rs 1,300 cr in Exim Bank next fiscal
The government has decided to pump Rs 1,300 crore into state-owned Export-Import Bank of India (Exim Bank) to fund its business growth.
CEO says PNB Housing has capital for six months
PNB Housing said its capital is good enough for the next six months and it would think of an alternative plan if its promoter Punjab National Bank does not get regulator’s approval for infusing capital in the housing finance arm.
Amazon infuses Rs 700 crore into its India digital payments business ahead of festival season
The fresh infusion comes just ahead of the festive season where the e-commerce giant will compete head-on against Walmart-owned Flipkart and billionaire Mukesh Ambani-run Reliance Industries' JioMart.
Vodafone group’s capital infusion into Voda Idea inadequate: Analysts
The struggling telecom operator needs a hefty capital infusion from its promoters at the earliest to clear its massive adjusted gross revenue (AGR) dues and survive, they said. VIL faces AGR-based dues of Rs 58,254 crore, of which it paid Rs 6,854 crore to the Department of Telecommunications in three tranches last month.
Indian real estate likely to attract $8 billion capital inflows in FY22
According to her, Indian property sector is set to attract Institutional Investments underpinned by fast urbanization, favourable regulatory norms and high demand for residential and office premises across India.