Mumbai, Aug 20
International rating agency Moody’s today said the bleeding rupee, the twin deficits and weaker growth are already factored in the current Baa3 sovereign rating, and thus do not accentuate the alr...
Mumbai, June 12
The Small Industries Development Bank of India (SIDBI) today entered into a pact with Onicra Credit Rating Agency to facilitate timely flow of credit to small businesses.
The two bodies s...
New Delhi, Apr 24
Vijay Mallya-led UB group has inked a loan agreement for ₤ one million with Heineken along with a brewing pact, under which if the Indian partner defaulted in payment the Dutch firm would gain rig...
New Delhi, April 14
Wants NPAs reduced to 1% of total advances by fiscal-end; suggests board-level monitoring of recovery
Mumbai, Apr 11
Private steel maker Essar Steel is planning to refinance its entire domestic debt of around Rs 20,000 crore into dollar terms by September with a view to reduce interest costs, which in turn will...
Hyderabad, March 18
Per capita income rises to Rs 77,277 »
March 9, 2013
You will agree that managing your liabilities is just as important as managing your investments. This week we discuss how you can avoid taking on more debt than you can comfortably manage. Specifi...
Kolkata, Feb 19
More than 70 per cent of credit seekers are less than 35 years of age in Bangalore, while Kolkata has the maximum number of borrowers who are above 35 years, according to credit tracking agency CI...
Washington, Aug 23
Treasury Secretary Jacob Lew has urged Congress to raise the US borrowing ceiling, warning that not doing so could jeopardize Washington’s creditworthiness and raise fears of a default. ...
BL Research Bureau
An increasing number of Indian companies are finding themselves in a debt trap, with their gross profits not sufficient to cover their interest payments. Of the 600 listed companies (exc...
Mumbai, Jun 3
Global credit rating agency Moody’s today said it has placed some debt ratings of 11 banks, including SBI, ICICI, HDFC Bank and Axis Bank, under review because of the updating of its methodology.
Kolkata, Apr 24
Despite banks attributing West Bengal’s low credit-deposit ratio to lack of demand, the Reserve Bank of India (RBI) views the state has a reasonable appetite for credit.
“I do not agree t...
Mumbai, Apr 12
Public sector steel-maker Rashtriya Ispat Nigam Ltd (RINL) is planning to raise around Rs 500 crore of debt in near future to fund its expansion plans.
“We plan to raise Rs 400-500 crore...
BL Research Bureau
DLF’s recent agreement to sell its wind farms to raise cash is the latest in a series of moves to hive off non-core assets. Proceeds are planned to be used to reduce debt. DLF was hoping...
New Delhi, Mar 13
State-run Rural Electrification Corporation (REC) today said it has signed a loan agreement for $250 million with State Bank of India’s Hong Kong branch for lending to the infrastructure sector.
New Delhi, Mar 8
National carrier Air India (AI) owes over Rs 4,277 crore in outstanding jet fuel (ATF) bills to state-owned oil companies, the largest overdue payment by any domestic air carrier.
Mumbai, Feb 11
Reserve Bank Governor Duvvuri Subbarao today cautioned the country was headed for the highest ever current account deficit this fiscal, after it rose to 5.3 per cent of GDP in the second quarter....