EXTERNAL COMMERCIAL BORROWING
IREDA shares in focus on reporting FY25 business performance, raising JPY 26 billion
IREDA reported a 27% year-on-year increase in loan sanctions, reaching Rs 47,453 crore for the year ended March 31, 2025, compared to Rs 37,354 crore in FY24. Loan disbursements also saw a healthy 20% YoY growth, rising to Rs 30,168 crore from Rs 25,089 crore.
Fundraising via private issue of corporate bonds stays flat
The absence of HDFC, an erstwhile large marquee issuer that merged with its banking arm, and liquidity challenges help explain the muted fund-raising activity in the corporate bonds market. Just before its July 2023 merger, HDFC had raised more than ?46,000 crore in Q1 of FY24.
Shriram Finance aims to cross Rs 3 lakh crore in assets in FY26
Shriram Finance Ltd anticipates exceeding Rs 3 lakh crore in assets by next financial year with a projected loan growth of 15%, as stated by executive vice chairman Umesh G Revankar. This goal aligns with expectations that loan growth will be more than double the GDP growth rate. Emphasis includes MSME financing and green initiatives, like electric vehicles.
CAD higher at $11.5 bullion in the December quarter
India's current account deficit rose to $11.5 billion in the December 2024 quarter from $10.4 billion a year ago, despite higher software services income and remittances. Foreign direct investment and foreign portfolio investment saw significant net outflows, while foreign reserves dipped $37.7 billion during the same period.
IREDA secures 26 bn Japanese Yen ECB facility from SBI, Tokyo
IREDA has secured a 26 billion Japanese Yen External Commercial Borrowing facility from SBI's Tokyo Branch, including a green shoe option of 10 billion Japanese Yen, for a five-year term. This facility will enhance IREDA's global presence and reduce costs, supporting India's renewable energy sector.
IREDA shares rise 3% after securing JPY 26 billion ECB facility from SBI Tokyo
IREDA's shares rose 3% to Rs 166.75 after securing a JPY 26 billion External Commercial Borrowing (ECB) facility from SBI’s Tokyo branch, strengthening its global market presence. The five-year unsecured loan, with an estimated cost below 7%, aims to support India's renewable energy sector. IREDA's market capitalization stands at Rs 44,267 crore, with a target price of Rs 209.
- Go To Page 1
Truhome Finance raises $100 million from DBS Bank, SMBC
Warburg Pincus-owned mortgage lender Truhome Finance has raised $100 million in external commercial borrowing from DBS Bank and Sumitomo Mitsui Banking Corporation (SMBC).
These 8 banking stocks can give more than 25% returns in 1 year, according to analysts
There are two things worth noticing in the market from the banking sector’s perspective. And these two things lead to a third factor, one which matters more to the street and to investors. First: Banking is probably one of few sectors where valuations have not gone through the roof. Second: Banking is among the few sectors that had more positive than negative surprises in the Q3 earnings season. Now co-relate the two and the third factor emerges: Banking stocks were able to outperform a strong bearish phase and they have been able to perform well as the market recovers.
SMFG India Credit raises $175 million via ECB from Standard Chartered Bank & CTBC Bank
SMFG India Credit (SMICC) has secured $175 million via External Commercial Borrowing, arranged by Standard Chartered Bank and CTBC Bank. The funds are fully hedged and intended for lending, showcasing the company's strong financial health and commitment to expanding its lending capabilities.
IREDA shares jump 4% ahead of board meeting to consider borrowing plan for FY2025-26
IREDA shares rose 4% to Rs 176.80 on the BSE, ahead of its board meeting to discuss the borrowing plan for FY 2025-26. The company had earlier notified in a filing that the meeting, scheduled for the same day, would consider matters related to the borrowing plan as per SEBI's regulations.
L&T shares rise 3% after board approves Rs 12,000 crore debt-based fundraising plan
L&T shares rose 3% to Rs 3,515.9 after the company’s board approved a Rs 12,000 crore fundraising plan and appointed Subramanian Sarma as Deputy Managing Director. Additionally, L&T secured an order worth Rs 2,500-5,000 crore for projects in Hyderabad and Chennai. Trendlyne’s target price for the stock is Rs 4,092, indicating a 17% upside from current levels.
Greenko, Muthoot Finance raise $1.2-billion debt overseas
Renewable energy firm Greenko Energy Holdings raised around $1 billion from investors, while Muthoot Finance raised $250 million. Greenko's bond was priced at 7.25%, tighter than the initial 7.62% target. The bond, issued under a dual Reg S and Reg S 144A structure, is backed by Greenko Wind Projects (Mauritius) and drew over $3 billion in investor interest. However, the company opted to retain $1 billion, according to two sources.
NHPC shares rise 2% as board approves Rs 6,300-crore borrowing plan for FY26
NHPC's board has approved a borrowing plan to raise up to Rs 6,300 crore for FY26 through bonds and loans. The company recently reported a significant decline in quarterly profit by 47% and formed a joint venture for renewable energy projects with Andhra Pradesh Power Generation Corp.
IREDA shares surge 3% on increasing borrowing limit by Rs 5,000 crore for FY25
IREDA shares have seen a 1-year price gain of 7.26%, but a Year-To-Date (YTD) decline of 37.74%. Over the past 6 months, the price has decreased by 39.36%, and in the last 3 months, it has dropped by 35.01%. The 1-month price decline stands at 16.56%.
Satin Creditcare Network secures $100 million in syndicated social loan from Standard Chartered and Sri Lankan lenders
Satin Creditcare Network has secured a significant social term loan of $100 million from Standard Chartered Bank and six Sri Lankan lenders under the RBI’s automatic route. This funding is expected to enhance access to financial services and promote development in India's underbanked regions while improving the company's asset and liability management.
IndusInd issue puts the spotlight on India's banking sector
IndusInd Bank discovered discrepancies in account balances related to currency derivatives. This prompted an internal review and raised concerns about other banks having similar issues. The RBI is investigating. Despite improvements in asset quality and profitability, concerns remain over unsecured retail loans, slow deposit growth, and rising micro-lending stress.
These 7 banking stocks can give more than 23% return in 1 year, according to analysts
This is not the first time that derivatives are playing havoc with the banking system or a particular bank. Looking back at 2008-09, while the issue was not exactly the same, derivative instruments had created problems for some banks and corporations. Despite the hue and cry this time, it appears to be a one-off issue which will be taken care of. When it comes to the banking sector, there are, at this juncture, just two things investors need to look at. One, what is the NPA situation? Second, what are the indications in terms of the cost of deposits? If these two things turn out to be fine (and we should get clarity on this in the coming weeks), then probably the bulls will get some fire power.
NLC India shares shed over 2% after board approves $200 million external commercial borrowing
NLC India will focus on its shares after receiving in-principle approval from its board to raise $200 million in external commercial borrowings (ECB) in Japanese Yen. The company also secured a 200 MW wind power project from SJVN, aiming to boost renewable energy capacity. The stock’s target price is Rs 304, with a "Strong Buy" recommendation.
Stocks in news: City Union Bank, Navin Fluorine, Syngene, IIFL Finance, NLC India, Sharda Cropchem and Arvind Fashions
When markets resume trading today, City Union Bank, Navin Fluorine, Syngene International, IIFL Finance, NLC India, Sharda Cropchem and Arvind Fashions will be in focus due to various related developments.
Haier announces fresh manufacturing investment of Rs 800 crore in India to expand its AC production capacity
Haier is investing Rs 800 crore in India to expand its air-conditioner production and start PCB manufacturing. The new AC plant will increase capacity to 2.5 million units per annum and the PCB unit will commence production by October. This investment aims to reduce import dependency and build a local component ecosystem.
Indian corporates need Rs 120 lakh cr debt by FY30 for Capex and working capital: Crisil
Corporate India will need Rs 115-125 lakh crore in debt by FY26-FY30 for capex, working capital, and NBFC financing. Infrastructure will drive capex, accounting for 75% of investment. Despite a growing financing ecosystem, there may be a Rs 10-20 lakh crore funding gap. Strengthening the corporate bond market is crucial to bridging this gap.
Indian corporates need Rs 120 lakh cr debt by FY30 for Capex and working capital: Crisil
Corporate India is projected to raise Rs 115-125 lakh crore in debt between FY26 and FY30 to fund capital expenditure, working capital, and NBFC financing. Around Rs 45-50 lakh crore will be needed for capital expenditure, with the infrastructure sector driving most of the investments.
IRFC shares rise 3% as firm eyes higher margins from non-Railway lending
IRFC plans to boost margins by expanding lending beyond railway projects, exploring metro financing and refinancing World Bank loans. The PSU is also diversifying into power, mining, and telecom sectors. With Rs 4.6 lakh crore owed by Indian Railways, IRFC remains cautious on external borrowings. The stock has surged 318% in two years despite recent corrections.
LIC Housing Finance shares jump 2% as board approves Rs 1.23 lakh crore borrowing plan for FY26
LIC Housing Finance shares saw a rise after its board approved a significant borrowing plan of Rs 1.23 lakh crore for FY26 through various financial instruments. The company's Q3 net profit rose by 23.1% year-over-year, though there was a decline in net interest income.
LIC Housing Finance board approves Rs 1.23 lakh cr borrowing budget for FY26
LIC Housing Finance's board has approved borrowing Rs 1.23 lakh crore through various loans and instruments for the fiscal year 2025-2026. This includes issuing bonds, commercial papers, and external commercial borrowing. The company's shares rose by 3.49%, closing at Rs 521.20 on the BSE. This decision aims to streamline the financing process across multiple tranches.
IRFC eyes improved margins from non-Railway lending
Indian Railways Finance Corporation (IRFC) plans to improve net interest margins by lending to non-railway projects such as metro systems and infrastructure linked to Indian Railways. It also explores refinancing loans from institutions like the World Bank, aiming to diversify and boost financial returns.
These small and large private sector bank stocks may deliver over 22% return in 1 year, according to analysts
Change is the only constant in the stock market. Among the best wealth creators on the street till 2020, many private sector banks have been underperformers in the last four years. Now, cut to the last two months, a period when the market has seen one of its deepest corrections. How much do you think HDFC Bank and Kotak Mahindra Bank stocks have fallen in this period? Hardly. Both in absolute terms and more so in relative terms. See this also in the context of the fact that FPIs, the biggest owners of banking and financial services stocks, are on a spelling spree. Time to have some of these banks in your portfolio?
High-flyers of Wall Street circle over Adani airports : Blackrock, Citadel in talks with Gautam Adani for $750 mn debt
BlackRock and Citadel are in discussions to acquire $750 million of Adani Group's debt for refinancing purposes. Meanwhile, Apollo Global Management is expected to maintain a portion of its existing exposure. Despite Citadel's denial, negotiations with BlackRock and other potential investors continue.
NBFCs seek easier terms for financing to tide over crunch
NBFCs urged the RBI governor to increase the ECB limit, ease regulations on alternative vehicle financing, and accelerate eKYC permissions. They also requested the ability to utilize SARFAESI for loans below ?20 lakh and flagged issues affecting MFIs and green financing policies.
Load More
