Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale
4 months, 3 weeks ago

Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale

Business Standard  

Bank of Maharashtra raised only Rs 811 crore through a 10-year infrastructure bond issue at a coupon rate of 7.8 per cent on Thursday. In contrast, Canara Bank secured Rs 10,000 crore at a 7.4 per cent coupon rate on July 16. State Bank of India raised Rs 10,000 crore on July 10 at a 7.36 per cent rate for a 15-year tenor, and another Rs 10,000 crore at the same rate on June 26. Earlier, Bank of Maharashtra raised Rs 1,000 crore through Basel III Tier II bonds with a 7.89 per cent rate.

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History of this topic

Punjab & Sind Bank raises Rs 3,000 cr from maiden infrastructure bonds
5 days, 14 hours ago

Punjab & Sind Bank raises Rs 3,000 cr from maiden infrastructure bonds

Deccan Chronicle  

New Delhi: State-owned Punjab & Sind Bank on Wednesday raised Rs 3,000 crore from the issuance of maiden infrastructure bonds aimed at expanding infra lending. The bank received total bids of Rs 6,031 crore against the base issue size of Rs 500 crore, Punjab & Sind Bank said in a regulatory filing. Further, it said, the bank has decided to …

State-run banks to raise nearly Rs 55,000 crore in bond sales for core capital boost
2 weeks, 6 days ago

State-run banks to raise nearly Rs 55,000 crore in bond sales for core capital boost

New Indian Express  

MUMBAI: Public sector banks have chalked out major debt-fund raising plans to the tune of Rs 54,800 crore by selling additional tier-1 and tier-2 bonds in the remainder of the current financial year to shore up their regulatory capital or core capital. So far in FY25, only State Bank of India and Canara Bank have issued AT-1 bonds, raising Rs …

Indian bond yields inch higher on profit taking; debt sale eyed
2 weeks, 6 days ago

Indian bond yields inch higher on profit taking; debt sale eyed

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 3 - Indian government bond yields moved marginally higher in early trading on Tuesday, as traders cashed in profits from a two-session price rally after weaker-than-expected economic growth data, while a fresh debt supply was in focus. The yield declined by 10 basis points since data on Friday showed India's economic growth slowed much more …

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
4 months, 1 week ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

State Bank of India to raise USD 3 billion through debt in FY2025, shares rise
6 months, 1 week ago

State Bank of India to raise USD 3 billion through debt in FY2025, shares rise

Live Mint  

India's largest lender State Bank of India, announced on June 11 that its board has approved a plan to raise up to $3 billion through debt in the current financial year, as per an exchange filing. The state-owned financial institution plans to secure the funds in multiple tranches via either a public offering or private placement of senior unsecured notes. …

Bank of Maharashtra Becomes Best Performing Public Sector Lender In Loan, Deposit Growth in Q1
1 year, 4 months ago

Bank of Maharashtra Becomes Best Performing Public Sector Lender In Loan, Deposit Growth in Q1

ABP News  

Bank of Maharashtra became the best performer among public sector banks during the first quarter of the current fiscal year. Based on the published quarterly numbers of the public sector banks, the bank recorded a growth of 24.98 per cent in the gross domestic advances, which stood at Rs 1,75,676 crore at the end of the first quarter. The report …

AP Exhausted 97.4% of Credit Limit under RBI: TD
1 year, 4 months ago

AP Exhausted 97.4% of Credit Limit under RBI: TD

Deccan Chronicle  

Vijayawada: National spokesman of Telugu Desam, Kommareddy Pattabhiram on Sunday tore into the Chief Minister Y.S. Jagan Mohan Reddy-led Andhra Pradesh government, saying it had already exhausted 97.4 per cent of its credit limit under the Reserve Bank of India. He said at Rs 40,000 crore, Tamil Nadu had borrowed more than AP this financial year but it was okay …

SBI raises ₹3,717 crore via additional tier 1 bonds
1 year, 9 months ago

SBI raises ₹3,717 crore via additional tier 1 bonds

The Hindu  

The State Bank of India, said it has raised ₹3,717 crore through its third Basel III compliant Additional Tier 1 bond issuance in the current financial year at a coupon rate of 8.25%. The proceeds will be utilised for augmenting Additional Tier 1 Capital and the overall capital base of the bank and strengthening capital adequacy in accordance with RBI …

Banks net interest income rises 25.5% in Q3; Bank of Maharashtra outruns PSBs
1 year, 10 months ago

Banks net interest income rises 25.5% in Q3; Bank of Maharashtra outruns PSBs

Live Mint  

Pune-based Bank of Maharashtra surpassed other public sector lenders in terms of loan growth percentage for the third quarter of FY23. As per an analysis of the latest financial results of public sector banks showed, which PTI cited, BoM bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures. …

Bank of Maharashtra hikes FD rates by up to 7% on a special tenor of 200 days
1 year, 10 months ago

Bank of Maharashtra hikes FD rates by up to 7% on a special tenor of 200 days

Live Mint  

In response to rising fixed deposit rates triggered by the RBI's last update on February 8, 2023, which increased the repo rate by 25 basis points to 6.50%, the public sector lender Bank of Maharashtra has increased interest rates on fixed deposits under ₹2 Cr. Following the change, the bank is currently providing interest rates on deposit tenors of 7 …

TS gets Centre\'s nod to raise Rs 3,500 in bond auction
2 years, 1 month ago

TS gets Centre\'s nod to raise Rs 3,500 in bond auction

Deccan Chronicle  

HYDERABAD: In a much-needed reprieve, the cash-strapped Telangana government received approval from the Centre to raise an additional Rs 3,500 crore through bond auctions in November and December. It informed the state government that Telangana's NBC had been set at Rs 42,428 crore, taking into account off-budget borrowings through various corporations and bank guarantees over the last three years. The …

Companies, banks to raise up to Rs 3,200 crore via bonds today
2 years, 3 months ago

Companies, banks to raise up to Rs 3,200 crore via bonds today

India TV News  

Highlights Companies and banks are ready to raise around Rs 3,220 crore through bonds, said market participants As per data, Canara Bank to raise Rs 2,000 cr,which includes Rs 1,000 cr via Basel-III Tier-II bonds All the bonds are AAA rated with stable outlook by ICRA, India Ratings and CRISIL Business news: Companies and banks are ready to raise Rs …

Telangana hopeful of raising Rs 1,500 crore via market borrowings
2 years, 4 months ago

Telangana hopeful of raising Rs 1,500 crore via market borrowings

Deccan Chronicle  

HYDERABAD: The Telangana state government saw no significant reductions in its market borrowings from the Centre in the second quarter of this financial year when compared to the first quarter. The state government has sought permission to raise Rs 9,000 crore in the second quarter through auction of bonds by the Reserve Bank of India. However, the Centre suspended all …

TS seeks centre nod to raise Rs 9,000 crore
2 years, 5 months ago

TS seeks centre nod to raise Rs 9,000 crore

Deccan Chronicle  

Hyderabad: The Telangana State government has sought the Centre’s approval to raise Rs 9,000 crore through the auction of bonds in the second quarter of the current fiscal. The state government submitted the intent to raise Rs 3,000 crore in July, Rs 3,000 crore in August and Rs 3,000 crore in September. Following severe objections raised by the state government …

TS government raises Rs.4000 crore through auction of bonds
2 years, 6 months ago

TS government raises Rs.4000 crore through auction of bonds

Deccan Chronicle  

HYDERABAD: The state government on Tuesday raised Rs.4,000 crore through auction of bonds conducted by the Reserve Bank of India. This is for the first time that the state government has raised loans in this fiscal after the Centre halted Telangana from raising loans in the first two months of this fiscal. The state government requested the Centre to allow …

Bank FD: Bank Of Baroda, PNB, ICICI Bank Recently Raised Interest; Know New Rates
2 years, 7 months ago

Bank FD: Bank Of Baroda, PNB, ICICI Bank Recently Raised Interest; Know New Rates

News 18  

Even as the Reserve Bank of India recently raised the key repo rate by 40 basis points in a surprise move, banks have started increasing loan as well as deposit interest rates. Recently, Bandhan Bank, Kotak Mahindra Bank, Jana Small Finance Bank, Bank of Baroda, ICICI Bank and Punjab National Bank raised their interest rates on fixed deposits across multiple …

Telangana government raised ₹2.41 lakh crore loans since its formation
2 years, 9 months ago

Telangana government raised ₹2.41 lakh crore loans since its formation

The Hindu  

The State has borrowed ₹2.41 lakh crore in the form of loans from various agencies since its formation in 2014-15. Loans from the open market constituted the major chunk of borrowings at ₹2.18 lakh crore while money raised from power bonds/UDAY scheme was pegged at ₹8,923 crore. The Central government allowed additional borrowings of ₹1,435 crore in 2019-20 for relief …

Telangana to raise Rs 1,187 crore through auction of bonds
2 years, 11 months ago

Telangana to raise Rs 1,187 crore through auction of bonds

Deccan Chronicle  

Hyderabad: The state government has decided to raise another Rs 1,187 crore through auction of bonds by the Reserve Bank of India on Tuesday. With this, the total borrowings of the state government through auction of bonds will cross Rs 30,000 crore mark in the current fiscal 2021-22. As the Covid pandemic since March 2020 adversely affected the state government's …

Government may raise over Rs 10,000 Crore via Bharat Bond ETF by December
3 years, 1 month ago

Government may raise over Rs 10,000 Crore via Bharat Bond ETF by December

India TV News  

The government is likely to launch the next tranche of the Bharat Bond ETF by December and expects to raise over Rs 10,000 crore to fund growth plans of central public sector enterprises, according to a senior finance ministry official. Bharat Bond ETF is an exchange-traded fund that invests in the debt of public sector companies. The second tranche of …

PSU banks mobilise record fund of ₹58,700 crore from markets in FY21
3 years, 4 months ago

PSU banks mobilise record fund of ₹58,700 crore from markets in FY21

Live Mint  

Notwithstanding economic disruptions caused by the pandemic, public sector banks have managed to raise a record ₹58,700 crore from markets in FY2020-21 through a mix of debt and equity to enhance capital base. Punjab National Bank mobilised ₹3,788 crore through share sale on private placement basis during the financial year ended March 31, 2021. In addition, 12 PSBs raised funds …

Borrowing 43% More in First 9 Months, States Fall Deeper into Debt Trap
3 years, 11 months ago

Borrowing 43% More in First 9 Months, States Fall Deeper into Debt Trap

News 18  

At Rs 5,55,900 crore, the states whose finances have been ravaged by the pandemic, have snapped up as much as 43.5 per cent more debt from the market during the first nine months of the current fiscal with the conclusion of the last auction on Tuesday when 13 of them borrowed Rs 18,900 crore. But given the steep fall in …

Tamil Nadu, 20 Other States to Borrow Additional Rs 78,452 Cr to Meet Revenue Shortfall
4 years, 2 months ago

Tamil Nadu, 20 Other States to Borrow Additional Rs 78,452 Cr to Meet Revenue Shortfall

News 18  

A day after granting permission to 20 states for mobilising Rs 68,825 crore, the government on Wednesday allowed Tamil Nadu to raise an additional Rs 9,627 crore through open market borrowings to bridge the revenue shortfall caused by the COVID-19 pandemic. The borrowing permission issued to the 21 states is over and above the borrowing permission of around Rs 1.10 …

States' Market Borrowings Jump 55% to Rs 3.75 Lakh Crore So Far This Fiscal
4 years, 2 months ago

States' Market Borrowings Jump 55% to Rs 3.75 Lakh Crore So Far This Fiscal

News 18  

The states' market borrowings have jumped 55 per cent to Rs 3.75 lakh crore so far this fiscal, or 75 per cent of the budgeted amount, with 17 of them raising an additional Rs 22,350 crore from the latest auction of state development loans held on Tuesday. So far this fiscal year, 28 states and two Union Territories have cumulatively …

Finance Ministry May Provide Capital Support Worth Rs 20,000 crore to Public Sector Banks in 3rd Quarter
4 years, 2 months ago

Finance Ministry May Provide Capital Support Worth Rs 20,000 crore to Public Sector Banks in 3rd Quarter

News 18  

The Finance Ministry is likely to provide capital support from the Rs 20,000 crore fund approved by Parliament in recently concluded session to some Public Sector Banks in the third quarter itself. In the last financial year, Punjab National Bank got Rs 16,091 crore, Union Bank of India received Rs 11,768 crore while Canara Bank and Indian Bank got Rs …

SBI Raises Rs 4,000 Crore Through Additional Tier 1 Bonds
4 years, 3 months ago

SBI Raises Rs 4,000 Crore Through Additional Tier 1 Bonds

News 18  

The country’s largest lender State Bank of India on Wednesday said it has raised Rs 4,000 crore through the issuance of Basel III compliant debt instruments. The Committee of Directors for Capital Raising at its meeting on Wednesday accorded approval to allot 40,000 Basel III compliant additional tier 1 bonds aggregating to Rs 4,000 crore to bond subscribers on September …

Interest Burden of Recapitalisation Bonds to be About Rs 9,000 cr: CEA Arvind Subramanian
7 years, 1 month ago

Interest Burden of Recapitalisation Bonds to be About Rs 9,000 cr: CEA Arvind Subramanian

India TV News  

Finance Minister Arun Jaitley has announced a Rs 2.11 lakh crore road map for strengthening public sector banks, including re-capitalisation bonds. The capital infusion will be accompanied by reforms to enable the state-owned banks to play a major role in the financial system and give a strong push to the job-creating MSME sector.

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