Banks seek more time to report loan frauds to RBI
“The issue was discussed in a meeting last month. We have suggested to the RBI that instead of one week, the reporting time should be increased to around a month,” said a senior bank executive aware of the development. Under the existing framework, lenders need to report fraud to the RBI’s Central Repository of Information […]
REC to raise over $500 million overseas via green bonds
While the size and coupon will be finalised depending upon investor interest, the bond could be priced at 6%, according to a bond trader. REC’s $450 million green bond due 2027 is trading at a yield of 5.85%.
Mood most bearish since Covid selloff
Widening for the fourth consecutive month, the average advance-decline ratio has fallen to around 0.7 so far this month. February’s reading has further softened from 0.76 in January 2023, 0.87 in December 2022 and 0.95 in November 2022.
ACC, Kotak Bank among 10 joining FTSE Russell
The stocks included in the large-cap index are ACC, Kotak Mahindra Bank, Canara Bank, IDBI Bank, YES Bank, Union Bank, Indian Hotels, Jindal Steel & Power, Shriram Finance, Trent, and Tube Investments. One97 Communications, Biocon, Godrej Properties, Jubilant FoodWorks, Piramal Enterprises, and Sona BLW are the six stocks excluded from the large-cap index.