Infrastructure bonds would see robust growth this year.
The bonds have been rated ‘AAA’ with ‘Stable’ outlook by India Ratings and ICRA.
SBI in a statement said that the issue attracted an overwhelming response from investors with bids of Rs 21,045.10 crore and was oversubscribed by more than five times against the base issue size of Rs 4,000 crore
The coupon set by the bank Is 17 basis points above the corresponding Financial Benchmarks of India (FBIL) government securities par curve.
Gross bond issuances by banks surged to Rs. 0.9 lakh crore in 9M FY2023 (Rs. 0.7 lakh crore in FY2022), surpassing the previous high of Rs. 0.8 lakh crore in FY2017.
Earlier in December 2022, SBI raised Rs 10,000 crore through its maiden infrastructure bond issue. The amount raised through the bonds planned to be used to fund long-term infrastructure and affordable housing projects.
The meeting of the Executive Committee of the Central Board of State Bank of India is scheduled to be held January 3.
The bank's Executive Committee of the Central Board will meet on November 29 to consider raising funds through infrastructure bonds
By issuing equity shares to 44 qualified institutional investors at a floor price of Rs 40.63 apiece, IDBI Bank raised Rs 1,435 crore in December out of the targeted Rs 2,000 crore.
Given the size of funds that is needed going forward, the government will have to look at various sources to raise money as retiree money might not be enough to meet the demand for funds.
A consortium led by Chinese firms has signed a strategic agreement to acquire 40 per cent equity of Pakistan Stock Exchange for USD 85 million, in a move aimed at mobilising funds for the USD 46-billion CPEC project and facilitating China's entry into the Pakistani capital market.
In a report in the Economic Times, the bank is in the preliminary stage, but is hoping to raise funds in the third quarter of the ongoing fiscal.
Prime Minister Narendra Modi has pledged to improve India's creaking infrastructure and is aiming to provide housing for all by 2022.
EPFO till date has been conservative in its investment approach. Currently, out of the Rs 5,40,000 crore around 58 percent is in government securities and state government securities.
State-run Airports Authority of India (AAI) today said it will soon approach the Finance Ministry afresh with the proposal to raise funds through a Rs 3,000-crore infrastructure bonds to finance modernisation of non-metro airports.
SK Goel, CMD of IIFCL said the company is starting the credit enhancement facility whereby it is starting the first project which will guarantee bonds in market. However, he feels the product being a new one will take some time to settle in the market.
Many of us are so worried about the tax saving angle that we forget to look beyond it. There are many factors related to investments like its returns, risk, tenure, and periodicity which needs to be considered while planning investments. Financial advisor Raag Vamdatt discusses each of these factors for the better understanding of the investors
If you were celebrating about some small tax saving gains due to the Union Budget, then you actually need to stop and see whether you will actually end up with some benefits at the end of the day, reckons financial advisor Arnav Pandya.
If you were celebrating about some small tax saving gains due to the Union Budget, then you actually need to stop and see whether you will actually end up with some benefits at the end of the day.
There is likelihood that government may raise the depreciation rate for the corporate to boost the investment demand.
The Finance Ministry has been dealt another blow after modest advance tax filings by top corporates.
March and July are the months to save taxes. So people who are earning usually get very active in these months for the same purpose. There are many viable options to save taxes; one such is investing in 'Tax Saving Infrastructure Bonds'. Read this space to know all about this financial instrument which has gained lot of popularity in recent times.
A little bit of work on the tax front can save a lot of trouble in the last few days and weeks of the financial year.
In Part I of this article, we looked at the different types of risk. We understood systematic vs unsystematic risk and saw examples of specific risks in terms of our economy’s situation today.
Considering the post 2008 market scenario, if there's one thing almost every investor knows, it’s that there's no such thing as a free lunch. If you want gains from the markets, you’re going to have to stomach volatility.