3one4, an early-stage venture fund is managed by Pranav Pai and Siddharth Pai, sons of former Infosys senior executive TV Mohandas Pai.
Pascal Cagni, the former head of Apple in Europe, has raised 80 million euros (approx. $88 million) .
Rising risk aversion and rating downgrades are likely to add to banks’ asset quality stress. The virus crisis has taken a toll on the asset quality of banks
Referring to an order issued by Ministry of Home Affairs, Sebi said "the order... provides that commercial and private establishment shall be closed down but that the capital and debt market service as notified by the Securities and Exchange Board of India shall be exempted from such closures."
The Chief Minister also invited the Prime Minister to attend a programme in the state on March 25 (Telugu New Year's Day Ugadi), wherein 25 lakh house-sites would be distributed to eligible families on a single day.
There are six reasons why the timing may not be right for the government to turn off the funding tap for PSBs.
Merger related costs would reflect in Q3 and Q4 FY20, and banks thus expect another round of capital infusion after consolidation
Apart from capital, the bank also needs to keep its asset quality from deteriorating further and control further slippages, an analyst said
The amount is down from last year’s peak of Rs 200 crore
While the government will continue to provide recapitalisation fund of Rs 20,000-30,000 crore each year through the Budget, for which it will use RBI’s surplus reserve transfer, Elara Capital analysts said
ICRA expects the government to make an announcement on equity raising plans/or launch of the NHAI InvIT to fund the ambitious Bharatmala programme
Foreign strategic investors, debt woes drove a surge in deals via offer for sale route in January-June. The first six months of 2019 saw Rs 18,545 cr being offloaded by promoters via the OFS route
The bank would be weighing the options of dilution of stake in the general insurance joint venture Universal Sompo and sell off non-core assets like properties in places like Mumbai, MD and CEO of Allahabad Bank S S Mallikarjuna Rao told reporters here on Friday.
It is interesting to note that RBI’s capital has remained unchanged, but its reserves have changed significantly over the years
The RBI board last month decided to set an expert committee to decide the economic capital framework of the RBI to determine the appropriate amount of reserves which the central bank can hold
The financials of large private sector banks weakened further in FY18, but are better than those of their state-owned peers, 11 of which are under the central bank's prompt corrective action (PCA) framework.
This will be one of the biggest QIP since the one done by SBI to raise Rs 15,000 crore in June 2017.
Of the Rs 11,337 crore capital infusion plan, Rs 1,790 crore is for Allahabad Bank, Rs 2,019 crore for Andhra Bank, Rs 2,555 crore for Corporation Bank, Rs 2,157 crore for Indian Overseas Bank and Rs 2,816 crore for Punjab National Bank
This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the government is working on the modalities for the stake sale.
Capital need estimates have fallen from the previous estimate of USD 90 billion as a result of asset rationalisation and weaker-than-expected loan growth.
Axis Bank, country’s third largest private bank, on Monday said it will raise Rs 5,000 crore by issuing non-convertible debt securities.
LIC picked up 38 percent shares in this year’s largest equity issuance by State Bank of India on Thursday and the former's stake has increased in the government-owned bank from 8.64 percent to 10.4 percent.
Non-core assets are investments made by banks that are not related to core areas of lending and borrowing, and includes strategic investments in other firms, real estate, holdings in subsidiaries and joint ventures.
The bank plans to issue 6.2 crore shares for Rs 913.24 per share on the issue day as May 11.