EXTERNAL COMMERCIAL BORROWINGS
PMLA action picked momentum after 2014; conviction rate over 93 pc: ED director Rahul Navin
Enforcement Directorate (ED) Director Rahul Navin said that over 1700 money laundering cases are under trial, attributing delays to the broader issues within the Indian justice system. Despite these delays, the ED boasts a conviction rate of 93.6 per cent. The agency aims to expedite pending investigations by leveraging advanced technology and forensics.
India's Shriram Finance mulling yen-denominated fundraise to diversify borrowing, CEO says
Indian non-banking finance company Shriram Finance is mulling raising funds denominated in Japanese yen to diversify its borrowing profile, with talks still in preliminary stages, its CEO said on Monday.
IRFC Q4 Results: PAT declines 2% YoY at Rs 1,682 cr, revenue surges 4%
IRFC Q4 Results 2025: Indian Railway Finance Corporation reported its Q4 results. Net profit saw a minor decrease. Revenue from operations experienced an increase. Expenses for the quarter also rose. The board approved raising funds up to Rs 60,000 crore. This will be for the financial year 2025-26. IRFC recently gained Navratna status. Share prices initially dipped following the earnings report.
Time to look beyond the HDFCs & ICICIs of the world: 6 small private banks with an upside potential of up to 65%
As they say in banking, regulation is for everyone. Sooner or later, every player has to fall in line. Until 2014, the major differentiator between large private sector banks and smaller private banks was the money spent on technology. After banking reforms began to be implemented from 2014, the gap on this count started narrowing. As there is a big difference in the size and scale of different banks, it took time for some of the smaller private sector banks to adapt to the new ways.
Satin Creditcare expects 10-15% loan growth in FY'26: CMD
Satin Creditcare Network anticipates a 15% loan growth this fiscal year, driven by favorable monsoon forecasts and decreasing interest rates. The microfinance sector's stress is easing, with normalization expected in the coming quarters. While the company has no immediate plans to become a small finance bank, it remains open to the possibility in the future.
Indian companies raised over $50 billion in ECB till Feb last fiscal
Accounting for February data, total ECB registrations stood at $50.1 billion in the April-February period of FY25. Asia's oldest steelmaker raised $750 million through ECBs maturing in 6 years for overseas investment in JVs and wholly-owned subsidiaries, the RBI data showed.
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Karnataka HC tells Google India to deposit 50% FEMA fine
In a judgment passed last month, the copy of which has become available now, a high court division bench comprising justices V Kameswar Rao and S Rachaiah allowed the ED’s appeal against Google India, setting aside an order of the FEMA appellate tribunal in Delhi.
These 8 banking stocks can give more than 27% returns in 1 year, according to analysts
Just after the announcement of the RBI policy meeting, two large banks reduced their SB account interest rates. Now, why have banks, which were vocal about the cost of deposits, all of a sudden reduced their SB rates? Is it because they are not concerned about the cost of deposits? Or, have they figured out that they will not be getting much money in the savings accounts, so might as well cut the rate? Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components, earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Indian companies raise over $50 billion via foreign loans in FY25 till February
Indian companies' external commercial borrowings surpassed $50 billion in FY25, with February registrations at $2.63 billion. Tata Steel led borrowers, raising $750 million for overseas investments. Varanasi Aurangabad NH-2 Tollway secured over $370 million for refinancing and infrastructure, while NBFCs like Mahindra & Mahindra Financial also tapped into foreign loans.
Karnataka HC orders Google India, 3 executives to give bank guarantee for 50% of ED’s penalty
The ED had imposed Rs 5 crore penalty on Google India, Rs 5 lakh on Hari Raju Mahadevu (now substituted by Vivek Chhabra), and Rs 20 lakh on Lloyd Hartley Martin and Ken Walker. The penalties relate to two current account transactions that Google India undertook with Google Ireland and Google USA.
Credit Saison India raises $300 million in bid to expand lending business
Credit Saison India has secured $300 million through its first dollar loan to diversify funding. The company plans to expand branches, add new lending segments like MSMEs, and grow its Rs17,000-crore loan book. CS India's funding includes ECBs from various banks, and it aims to deepen relationships and boost its MSME loan share to 35% by fiscal 2028.
Welcome RBI's rate cut as economy needs push amid trade uncertainties, says FM Sitharaman
"On the Reserve Bank's announcement of a rate cut, I welcome it, really, with the sense of joy, because growth is of great importance," Sitharaman told PTI, when asked about the 25 basis point cut in the repo rate - the level at which the central bank lends to commercial banks, therefore influencing borrowing costs.
RBI cuts repo rate by 25 bps: Borrowers can rejoice as their home loan EMI comes down further
RBI MPC Meeting repo rate cut: The RBI Governor announced the reduction in the repo rate by 25 basis points in the MPC meeting today. The latest repo rate cut will help the borrowers to reduce their EMIs in the upcoming months and relief from higher EMIs. Read on to know what borrowers need to do now.
These 8 banking stocks can give more than 32 % returns in 1 year even in volatile market, according to analysts
There’s a new narrative on the street: That, as banking is largely a domestic-focused sector, one can take exposure to it. The reality, however, is that banking does get impacted by global turmoil. We are not, however, saying you should not be bullish on the banking sector with a medium- to long-term perspective. Just be clear about the reason for being bullish. When you know the reason, it helps you avoid making wrong decisions in a volatile or bearish market.
Retail rush, IPO fever push FY25 fundraising to record Rs 20 lakh crore
Indian corporates shattered fundraising records in FY2024-25 by raising Rs 19.96 lakh crore through equity and debt instruments. Equity mobilisation doubled to Rs 3.71 lakh crore, driven by significant IPO activity and a resurgence in Qualified Institutional Placements. Debt fundraising also reached an unprecedented Rs 11.12 lakh crore.
Piramal Finance raises over Rs 2,300 crore via ECB route
In FY25, Piramal Finance marked its first foray into the international debt market, raising $815 million to support its growth plans. These funds will be primarily allocated to expanding the company's lending portfolio, with a strategic emphasis on affordable housing and financial inclusion in tier-2 and tier-3 markets.
Investors shrug off Microfin worries in rebound bet
Investors across the spectrum have renewed their interest in India's microfinance space, displaying confidence in the sector's turnaround ability from the recent setbacks.
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.
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.
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