Latest news with #SubrataPanda
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Business Standard
4 days ago
- Business
- Business Standard
Indian cos raise over ₹12k cr through bonds ahead of RBI policy outcome
Indian firms including Vedanta, Jubilant and HUDCO raised over Rs 12,000 crore from bonds ahead of the RBI's expected 25 bps repo rate cut, with strong demand from mutual funds Subrata Panda New Delhi Listen to This Article Several major Indian companies, including metals-to-mines conglomerate Vedanta, Jubilant Beverages, Housing and Urban Development Corporation (HUDCO), and Bajaj Housing Finance, together raised more than Rs 12,000 crore from the domestic debt capital market on Wednesday. This comes ahead of the Reserve Bank of India's rate-setting panel's policy decision, which is expected to cut the repo rate by another 25 basis points (bps). Vedanta Ltd has raised Rs 5,000 crore in three tranches. It raised Rs 2,400 crore through bonds maturing in two years and five months at a coupon rate of 9.31 per cent. Additionally, it raised Rs 1,750 crore
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Business Standard
15-05-2025
- Business
- Business Standard
RBI board reviews economic capital framework ahead of surplus transfer
RBI board reviews Economic Capital Framework as part of five-year cycle, with FY25 surplus transfer expected to set a new record amid strong balance sheet gains Manojit Saha Subrata Panda Mumbai Listen to This Article The central board of the Reserve Bank of India (RBI) on Thursday met and reviewed the economic capital framework (ECF), ahead of the next board meeting later this month to finalise how much surplus it would transfer to the central government. The board is scheduled to meet on May 23 to discuss the working of the RBI during April-March 2024-25 and approve the annual report and accounts for the accounting year 2024-25, and decide on the transferable surplus. The transferable surplus for a year is arrived at on the basis of the ECF adopted by the central bank in 2019
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Business Standard
09-05-2025
- Business
- Business Standard
SMBC's board representation in Yes Bank to be proportionate to its stake
SMBC to gain 20 per cent stake in Yes Bank, becoming its largest shareholder with likely board representation; SBI's stake to reduce post regulatory approval Subrata Panda Manojit Saha Listen to This Article Following Japan-based Sumitomo Mitsui Banking Corporation's (SMBC) proposed acquisition of a 20 per cent stake in Yes Bank—subject to approval from the Reserve Bank of India (RBI)—the Japanese lender is set to become the bank's largest shareholder and is expected to gain board representation proportional to its shareholding, sources said. While Yes Bank has not officially disclosed any changes to its board structure post-deal, sources indicated that SMBC is likely to have the highest representation on the board once the transaction is finalised. Moreover, SBI will be free to reduce its stake in the private lender once the deal goes
