Tata Capital’s upcoming IPO is priced at a discount, reflecting its lower net interest margin and return ratios compared to peers. While its loan book grew significantly, a merger with Tata Motors Finance increased its gross NPAs. Investors are advised to observe its financial performance post-listing.
Axis Bank set to raise $700 million through ECB swap facility
Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of