Wednesday, June 23, 2021

SBI gets board approval to raise up to Rs 14,000 crore through bonds


The State Bank of India (SBI) on Monday said it has got its board's approval to raise additional tier-I capital of up to Rs 14,000 crore through Basel-III bonds.

The capital would be raised in Indian or US currency through a public offer or private placement to overseas and/ or lndian investors during financial year 2021-22.

HDFC Bank board announces dividend of Rs 6.50 per share for 2021-22

"A dividend of Rs 6.50 per equity share (650 per cent on face value of Re 1) out of the net profits for the year ended March 31, 2021, has been recommended, subject to the approval of the shareholders of the bank at its ensuing Annual General Meeting (AGM)," HDFC Bank said in a regulatory filing.

Standard Chartered launches an industry-first innovative digital SOFTEX solution

Standard Chartered Bank has announced the launch of an industry-first innovative digital SOFTEX solution - aimed at supporting clients in their software export processes that run through the Bank’s digital platform Straight2Bank.
financial technology

Success Story Of Celusion Technologies Is inspiration for today’s fintech industry

The BFSI sector of India is no longer what it used to be. Modernizing banking processes has led to phenomenal innovations in the digital...

ICICI Bank raises Rs 2,827 crore by issuing bonds

ICICI Bank said on Tuesday that it raised Rs 2,827 crore by issuing bonds on a private placement basis. This comes after the lender's board of directors approved fundraising through issuance of debt securities in April.

Export-Import Bank of India extends a Line of Credit of USD 108.28 million to...

Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended Line of Credit [LOC] of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for construction of a new Parliament building in Eswatini.

IDFC FIRST Bank launches Employee-funded Customer COVID relief Ghar-Ghar Ration Program; Also announces Employee...

IDFC FIRST Bank today announced the launch of “Ghar Ghar Ration” Program, an Employee-funded programfor its low-income customers whose livelihoods are affected by COVID-19.

Axis Bank may up stake in Max Life over next 12-18 months

In line with the proposed deal, Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 12-18 months, said the insurance company's CEO Prashant Tripathy said.

IDBI Bank account holders to only get 20 free cheque leaves per year from...

IDBI Bank customers will have to pay Rs 5 per cheque leaf beyond 20 free leaves per year, under the revised charges from next month.

Yes Bank board approves plan to raise Rs 10,000 cr via debt

The board of directors of Yes Bank, in its meeting today, has approved a plan to raise funds up to Rs 10,000 crore by...

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HFDC Bank to hire 500 people as part of efforts to improve IT infra

The country's largest private sector lender HDFC Bank on Tuesday announced that it will hire 500 people over the next two years as part of a special project to improve its IT infrastructure.

PUBG owner to be worth $3.5 billion with Krafton’s IPO in South Korea

Krafton Inc, the company behind PlayerUnknown's Battlegrounds, one of the biggest blockbusters of the gaming industry, is set to go public next month. When it does, founder Chang Byung-gyu could be worth as much as $3.5 billion if the IPO is priced at the top end of the given range.

IIFCL waits for RBI approval as it plans to invest Rs 4,000 cr in...

India Infrastructure Finance Company Ltd (IIFCL) plans to invest Rs 4,000 crore in Infrastructure Investment Trusts (InvITs) in the current fiscal, subject to RBI's approval, the company's Managing Director P R Jaishankar has said. Besides, he said the company is comfortable with a capital adequacy ratio of 31 per cent and would not require capital infusion from the government to fund business growth this fiscal.