Capital Raising

The fund raising through Additional Tier 1 (AT1) capital up to an amount of Rs 10,000 crore is subject to Government of India concurrence, the bank said in a regulatory filing.

SFBs may go all out to raise capital in FY24, say CareEdge Ratings

However, analysts believe fundraising will not be smooth sailing for small finance banks due to poor investor appetite

Banks adequately capitalised, but higher credit growth could see fund-raising: CRISIL’s Krishnan Sitaraman

Rating agency’s senior director and deputy chief ratings officer expects banks’ credit growth to pick up to 11-12 percent in FY23. CRISIL may also look at revising this forecast upwards, he said

Bharti Airtel board approves raising capital up to Rs 21,000 crore via rights issue

The telecom major's board approved the right issue price to be set at 535 per fully paid-up equity share including a premium of Rs 530 per equity share.

Yes Bank gets board approval to raise Rs 10,000 crore through issue of debt securities

The lender also received board nod to shift its registered office to Yes Bank House in Santacruz (East), Mumbai from Elphinstone (W) in the same city.

RBL looks at raising Rs 1 lakh crore from investors, small banks fare better at exercise: Report

Banks like RBL Bank, Federal Bank and DCB Bank are now likely to join the their bigger peers such as ICICI Bank and Axis Bank in planning a share sale some time this year

Yes Bank debt writedown to hit sector capital-raising

The Reserve Bank of India (RBI) said it would work on a revival plan, as part of which bonds classified as Additional Tier 1 (AT1) capital will be written down "permanently, in full."

Struggling Yes Bank delays Q3 results but says it has 'prominent' investors lined up

The private lender said that the new investors include J.C. Flowers & Co. LLC, Tilden Park Capital Management LP, OHA (UK) LLP (part of Oak Hill Advisors) and Silver Point Capital.

Moody's downgrades Yes Bank's baseline credit rating, places issuer ratings under review

Moody's also placed Yes Bank's long-term foreign currency issuer rating of B2, long-term foreign and local currency bank deposit ratings of B2, and its foreign currency senior unsecured MTN program rating of (P)B2, under review, with the direction uncertain.

Yes Bank fund raising: 5 reasons likely keeping marquee investors away

While the market is abuzz on what could be stopping them from closing the deals, here's a look at five reasons why the country's fourth largest private lender is not able to attract interest from top quality investors:

Yes Bank to raise $2 billion through preferential allotment of shares

Eight new investors have expressed interest in acquiring fresh stake in the bank. These include three institutional investors and five family offices, Yes Bank said after almost 12-hour long board meeting that was held on November 30.

Yes Bank discloses FY19 bad loan divergence of Rs 3,277 crore; to finalize capital raising by month-end

Yes Bank also said that its board of directors will meet by end of November to finalize capital raising plans.

Central Bank of India looks to raise Rs 2,000-3,000 crore in next two months

MD & CEO Mohapatra said Central Bank will introduce repo rate-linked retail loan products by next month.

Union Bank of India to raise Rs 3,000 crore via QIP in Q3

The state-owned bank will take the Qualified Institutional Placement (QIP) route for fund raising and has started the process of shortlisting advisors, the bank’s MD and CEO Rajkiran Rai G said on August 2.

Bank of India to realize Rs 600 crore via sale of non-core assets in Q2

The bidding process for disinvestment in both the subsidiaries is on, said N Damodharan, executive director, BoI, adding that the sales are likely to be finalized in the July-September quarter.

Bank of Baroda plans to raise Rs 6,000 crore by September-end

The bank aims to raise capital via Qualified Institutional Placement (QIP) and sale of non-core investments during this fiscal.

Yes Bank Q1: House back in order, says CEO Ravneet Gill

Gill said that the bank’s sub-investment grade book has bottomed out and he expects “material reduction” in the book on back of ongoing resolutions.

Punjab National Bank plans to raise Rs 5,000 crore equity capital in Q3FY20

The New-Delhi based lender, that froze hiring in 2017-18, is planning to recruit 2000 employees, including 600 clerical staff and 400 officers in the current financial year.

SBI pushes fundraising plans to FY20 in hope for better market conditions

The country's largest lender has raised Additional Tier 1 bonds of Rs 1,251.30 crore at coupon rate of 9.45 percent.

RBL Bank raises Rs 1680 crore via preferential sale of 3.26 cr shares

RBL Bank (former Ratnakar Bank) today announced its capital infusion of Rs 1,680 crore by selling 3.26 crore shares for Rs 515 per share on a preferential basis to marquee investors.

Exit non-core businesses: Finance Ministry to banks

They have been asked to move forward on the idea based on deliberations at the Gyan Sangam last year, sources said.

Lakshmi Vilas Bank launches QIP to raise Rs 600 crore

Private sector Lakshmi Vilas Bank today said it has launched QIP to raise over Rs 599.88 crore by issuing 4.25 crore shares in domestic or international markets.

Yes Bank hints at changing advisers for fresh capital-raising

After aborting its USD 1-billion QIP plan midway last month, private sector lender Yes Bank today hinted at changing its advisers for a fresh capital-raising bid which will be done by June next year.

Koovs closes fund raising round, musters 26.2 mn pounds

UK-based online fashion player Koovs announced closing of its current round of capital raising, bringing the total sum raised to 26.2 million pounds (nearly Rs 240 crore) from a range of new and existing investors, including strategic investment by HT Media Ltd

SBI chief discusses NPA issue with Bank Board Bureau

State Bank of India Chief Arundhati Bhattacharya on May 13 said the lender has discussed various issues including bad loans with the Bank Board Bureau (BBB).