Franklin Templeton Mutual Fund has launched its first debt fund in the Indian market, marking its re-entry into this sector after winding up Rs 30,800 crore ($3.7 billion) worth of similar plans over four years ago. The newly introduced fund, Franklin India Ultra Short Duration Fund (FIUSDF), began its subscription period on Monday, August 19, … Read more
New Delhi: JSW Steel on Friday said its board has approved plans to raise funds up to Rs 17,000 crore through the issuance of various securities and tap the international markets to mop up USD 1 billion. According to a regulatory filing, an amount totalling Rs 17,000 crore is proposed to be raised through the … Read more
India’s largest NBFC-MFI CreditAccess Grameen is for the first time planning to tap the retail bond market to raise up to Rs 1,500 crore as it looks to diversify its funding source and reduce the on bank borrowing. The retail bonds – likely to be for three- to five-years tenure – may bear interest rates … Read more
NEW DELHI: SBI Cards and Payment Services (SBI Card) has raised Rs 500 crore by issuing bonds on a private placement basis. The stakeholders’ relationship and customer experience committee of the company has approved the allotment of 5,000 fixed rate, redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs … Read more
The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore. With a view to provide additional liquidity to crisis-ridden NBFCs and housing finance companies (HFCs), the government on Monday relaxed norms for Partial Credit Guarantee Scheme (PCGS) for … Read more