RBL sells ₹800-crore stressed credit card loans to Kotak Bank
Credit card repayment delays account for about one-fifth of the total gross non-performing assets (NPA) of RBL Bank, which is seeking to clean up its books after a change of guard at the private lender that lost more than 50% in its market capitalisation over the past five years.
Vedanta Resources bond rejig gains traction with higher early consent fee
The company had pushed the early consent deadline from December 27 to January 2 on investor demand. Early consent fee of 2% will boost the overall return to the bond holders, who are already getting higher coupons on the bonds, said a consenting bondholder.
SBI raises $1 billion in offshore syndicated loan
“The success of this transaction reflects the improvement in the bank’s credit and business profile, which is the result of tremendous work put in by SBI as a team over the years,” SBI Chairman Dinesh Khara said exclusively to ET.
FIs put a record $11 billion into equities in December
FPIs’ contribution to the institutional flow at 73% in December increased sharply from 10% a month ago and 34% a year ago reflecting a change in stance. After selling heavily during the first half of 2023, FPIs deployed Rs 66,134 crore in December alone. It was their highest monthly inflow, surpassing the previous high of […]
Voda Idea denies reports of talks with Musk’s Starlink, shares slide
The shares had hit a 52-week high intraday Monday, gaining nearly 40% in two trading sessions after the report emerged on the Starlink talks.
Nifty likely to move up after polls, trade at 23,500-24,300
For the Nifty Mid-cap 100, SBI Sec has set a target range of 51,000-53,000, which implies an upside of 10% to 14%. The index closed at 46,389 on Tuesday. The target range for the Nifty Small-cap 100 has been set at 16,500-18,000, implying gains of as much as 18.5% over the index’s Tuesday closing of […]