Banking & Finance

ICICI Money2India app for NRIs ICICI Bank, India’s largest private sector bank by consolidated assets, has launched the country’s first voice-based international remittance service to enable non-resident Indians (NRIs) to send money to any bank at home. With this new...

Loan to help Assam double farm income Green fields of Assam. World Bank loan to help double farm income. A World Bank’s US$200 million loan will help Assam simplify several regulatory procedures related to doing business, agricultural marketing, and fisheries...

Non-retail portion over-subscribed by 3.19 times     The Indian government is likely to raise Rs.750 crores through disinvestment of 5% of paid-up equity shares of lignite-power company, NLC India Limited (NLCIL), through Offer for Sale (OFS) mechanism. It has...

Capital support of Rs.2.11trn from recap bonds/fund raising The Finance Ministry unveiled a package of measures, to raise infrastructure spending, particularly road, highways, support small and medium businesses and helping the banking sector, noted Singapore banking group DBS in its...

ADB funding of fiscal consolidation progamme The Asian Development Bank is extending a US$300 million loan to continue a series of fiscal reforms in the State of West Bengal to improve the quality of public service delivery. It was signed...

US and UK lines up for investment in Indian funds A wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), the ADIA Group, would invest US$1 billion in the National Investment and Infrastructure Fund (NIIF) Master Fund. The Department of...

Transaction to be completed by March 2019 S&P Global Ratings has given Bharti Airtel Ltd. (BBB-/Stable/--) rating saying it is unaffected by the proposed acquisition of the consumer telecom business of Tata Teleservices Ltd. “We believe the deal to be...

The programme meets RBI mandate Kumar, Deputy Managing Director, SBI and Ari Lehavi, Executive Director, Moody's Analytics. The State Bank of India (SBI) and Moody’s Analytics have formed a collaboration to provide bank-wide credit certification to SBI’s employees enabling them...

Green Masala bond an IREDA milestone Singapore Exchange trading IREDA Masala bond. The Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs.19.5 billion (US$300 million) through a five-year Green rupee-denominated bond, which started trading on Singapore Exchange (SGX) on...

GHAIL has good location and market position, says S&P S&P Global Ratings has assigned its 'BB+' long-term corporate credit rating to India-based airport operator GMR Hyderabad International Airport Ltd (GHIAL) despite regulatory uncertainty. The outlook is positive for the company...