New Delhi [India], November 25 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi has given its approval to the proposal for equity infusion by the government of Rs 6000 crores in NIIF Debt Platform sponsored by National Investment and Infrastructure Fund (NIIF), comprising Aseem Infrastructure Finance Limited (AIFL) and NIIF Infrastructure Finance Limited (NIIF-IFL).
Mumbai (Maharashtra) [India], November 25 (ANI/ NewsVoir): Receivables Exchange of India Ltd. (RXIL) recently initiated a Trade Credit Insurance (TCI) backed transaction with Tata AIG as the insurer and ICICI Bank, YES Bank as the financiers in Sandbox environment.
New Delhi [India], November 23 (ANI): Moody's Investors Service on Monday said in a new report that although loan collections improved at the rated Indian non-bank finance companies (NBFCs) like Indiabulls Housing Finance Limited and IIFL Finance Limited, the loan delinquencies will inevitably increase, pressuring asset quality.
Singapore, November 23 (ANI): Last week, news emerged that DBS Bank (DBS), Southeast Asia's largest lender, has proposed to fold Indian Bank Lakshmi Vilas Bank (LVB) into its Indian subsidiary, DBS Bank India Limited (DBSIL).
New Delhi [India], November 18 (ANI): Trying to allay fears of Lakshmi Vilas Bank's (LVB) customers Reserve Bank of India (RBI) appointed administrator for Lakshmi Vilas Bank (LVB), TN Manoharan on Wednesday said he was confident about the timely merger of the bank with DBS Bank of India (DBIL) and assured depositors that their money was in safe hands.
The central government, on Tuesday, announced that the Lakshmi Vilas Bank (LVB) has been brought under moratorium, effective from 6 pm on November 17 till December 16. RBI announced a draft scheme for the amalgamation of LVB with DBS Bank India Ltd. (BDIL), a subsidiary of DBS Group Holdings Limited and added, "DBIL has a healthy balance sheet, with strong capital support."
Bengaluru (Karnataka) [India], November 17 (ANI/BusinessWire India): Embassy REIT, India's first publicly listed REIT, announced today that it has agreed to purchase Embassy TechVillage assets ("ETV") from affiliates of Embassy Sponsor, Blackstone Sponsor and other selling shareholders for a total consideration of Rs 97,824 million ($1.3 billion), subject to Unitholder and regulatory approvals.
New Delhi [India], November 12 (ANI): The retail inflation worsened to 7.61 per cent in October as compared to 7.27 per cent last month and the Consumer Food Price Index (CFPI) jumped to 11.07 per cent in October up from 10.68 per cent in September.
New Delhi [India], November 12 (ANI): Union Finance Minister Nirmala Sitharaman on Thursday said that the Reserve Bank of India (RBI) has predicted a strong likelihood of the Indian economy returning to positive growth in Q3:2020-21.