NaBFID raises Rs 10,000 crore via maiden bond issue
The bond sale, which had a base size of ₹5,000 crore, received bids worth ₹23,629.50 crore, NaBFID said. SBI Capital Markets was the lead advisor to the issue, while Cyril Amarchand Mangaldas was the legal advisor.
Rejig of FTSE indices could see net inflow of $150-200 million
Wipro is expected to get $32 million whereas Punjab National Bank, Bajaj Finance, Varun Beverages, and Adani Transmission could see inflow of $20 million each. Infosys, HCL Tech, and Equitas Small Finance could see an outflow between $13 million and $34 million.
Reliance in talks for $2 billion loan to fuel expansion
The sprawling firm, controlled by Asia’s richest man Mukesh Ambani, plans to use India’s dedicated external commercial borrowing route to secure the loan, the people said, asking not to be identified because the discussions are private.
Corporate governance root of supervisory concerns: RBI deputy governor MK Jain
Jain who is incharge of the supervision, financial inclusion and consumer protection departments among others at the RBI said corporate governance is invariably the root cause of supervisory concerns. Supervisors must closely examine the business models adopted by banks and meticulously assess whether these models align with the institutions’ risk appetite, he said.
Interest rates may stay high for longer, hints a key market gauge
Overnight Indexed Swap (OIS) rates, an indicator of how the Reserve Bank of India (RBI) may act on policy rates, have climbed over the past eight days, reversing earlier optimism that rates were likely to head lower in the last quarter of calendar 2023.
A hawkish Fed ends 3-day winning streak on D-Street
The Sensex slipped below the 63,000-mark to end at 62,917.63, down 310.88 points or 0.49% from the previous close. The Nifty fell 67.80 points or 0.36% to settle at 18,688.10. The broader markets resisted selling pressure and closed Thursday’s session in the green.