Tag Archives: BISV08

MUMBAI, July 25 (Reuters) – The Reserve Bank of India likely bought dollars and conducted sell/buy swaps via public sector banks after the rupee reached a more-than-two-month high on Tuesday, three traders told Reuters. The rupee was last at 81.7950 to the US dollar, off the day’s high of 81.6750. …

MUMBAI, July 25 (Reuters) – Indian private lender RBL Bank (RATB.NS) has the scope to expand its net interest margin (NIM) to above 5% in 2023-24, leaning on more low-cost deposits and a favorable loan book mix, its managing director and CEO told Reuters on Monday. “Our NIMs will not …

NEW DELHI, July 25 (Reuters) – The privatization of India’s BEML (BEML.NS) is held up due to delays in final approvals from the local state government to complete the transfer of land to a spun-off unit, said two sources. The Indian government is looking to sell 26% out of the …

BENGALURU, July 24 (Reuters) – India’s Byju’s and its lenders, who own more than 85% of the edtech startup’s $1.2 billion term loan, have agreed to work towards amending that loan by Aug. 3, the steering committee of the creditors group said on Monday. The successful execution of the loan …

BENGALURU, July 24 (Reuters) – Indian mortgage lender PNB Housing Finance (PNBH.NS) on Monday posted a nearly 48% rise in its first-quarter profit, driven by robust demand for housing loans and improved asset quality. PNB Housing, a unit of state-run lender Punjab National Bank (PNBK.NS), said its consolidated net profit …

MUMBAI, July 24 (Reuters) – The recent rise in inflation has prompted Indian investors to push back rate cut expectations by at least a quarter to the middle of 2024, with a sustained rise in prices likely to prompt a further repricing, traders and analysts said on Monday. Surging food …

BENGALURU, July 24 (Reuters) – Indian shares are set to open lower on Monday, tracking Asian peers, amid caution ahead of key corporate earnings and central bank meetings due later this week. India’s GIFT Nifty on the NSE International Exchange was down 0.11% at 19,744, as of 8:03 am IST. …

NEW DELHI, July 21 (Reuters) – Indian renewable energy company ACME Group said on Friday it raised 40 billion rupees ($487.98 million) in fresh funding from infrastructure finance firm REC (RECM.NS), to start its green hydrogen and ammonia project in Oman. The money will be used for the first phase …

MUMBAI, July 22 (Reuters) – ICICI Bank (ICBK.NS), India’s second-largest private lender, beat expectations to deliver a record first-quarter net profit on Saturday, helped by higher interest income and loan growth. The Mumbai-based lender reported a near-40% rise year-on-year in net profit to 96.48 billion rupees ($1.18 billion) for the …

MUMBAI, July 22 (Reuters) – India’s Yes Bank (YESB.NS) reported a smaller-than-expected increase in quarterly net profit on Saturday as it set aside more money for aging bad loans and security receipts, denting the impact of higher net interest income. The private lender’s standalone net profit rose 10.3% for the …