Shakti Patra

Articles By Shakti Patra

62 Articles

Demonetisation boosts surplus cash with banks 275 per cent

Surplus cash with banks — deposits and borrowings that they retain after lending and investing — shot up by 274.6% to a record high of over R2.47 lakh crore in the fortnight ended November 11, data released by the Reserve

Banking & Finance News

Post Donald Trump win, US-India 10-yr yield spread hits 5 yr low

US benchmark rises by over 40 bps since the day of election

Post Donald Trump win, US-India 10-yr yield spread hits 5 yr low

Rs 500 cr debt, Dighi Port merger with parent Balaji Infra Projects rejected by lenders

Lenders to Dighi Port have rejected a proposal to merge the company with the parent, Balaji Infra Projects.

Economy News

Gross bank NPAs double, net profits of 11 private banks stay flat; Axis Bank partly to blame

Net profits for a clutch of 11 private sector banks have stayed flat for the three months to September partly because Axis Bank reported a steep 83% (y-o-y) drop in net profit to R319 crore

Axis Bank share price News

Alok Industries still unfit for S4A in present form

Study reveals firm’s sustainable debt slightly below 50% of the total

Alok Industries still unfit for S4A in present form

Corporate debt markets getting into a sweet spot: DHFL Pramerica’s Kumaresh Ramakrishnan

With public sector banks (PSBs) consolidating their balance sheets, corporate are increasingly shifting to the debt market to benefit from lower rates.

Corporate debt markets getting into a sweet spot: DHFL Pramerica’s Kumaresh Ramakrishnan

Stressed assets: RBI may tweak S4A norms as banks unable to leverage scheme

The Reserve Bank of India is likely to tweak the guidelines for the Scheme for Sustainable Structuring of Stressed Assets (S4A), as banks have not been able to make much headway with the scheme, senior bankers told FE.

Markets News

Bank investment in private corporation bonds hits all-time high

With a record increase of Rs 11,746 crore over the preceding quarter, banks' investments in private corporate bonds and debentures have hit an all-time high of Rs 1.54 lakh crore in the fortnight ended September 30, data rele

Markets News

Jammu and Kashmir Bank gives profit warning; NPAs set to go from bad to worse

Sounding a profit warning, Jammu & Kashmir Bank (J&K Bank) on Thursday said it would report losses in the September and December quarters as also for FY17 owing to an increasingly stressed loan book.

India News

In a first, Bank deposits cross Rs 100 lakh crore

India’ banking system reported total deposits of Rs00 lakh crore for the first time ever in September, data released by the RBI show, reports Shakti Patra in Mumbai.

Markets News

Bank interest rates: Kotak Mahindra Bank only lender with rate lower than MCLR at 9.4%

With the 10-bps base rate cut from private sector lender Kotak Mahindra Bank (KMB) coming into effect from Friday, it becomes the only bank at present to have a base rate that is lower than its one-year marginal cost of funds

Kotak Mahindra Bank, credit growth, net interest margin, banking and insurance News

Primary bond markets to get information repository: UK Sinha

Banks’investments in commercial papers (CPs) and bonds issued by the private corporate sector crossed the Rs 2.5 lakh crore mark during the fortnight ended September 16, data released by the Reserve Bank of India (RBI) show

u k sinha News

Lenders plan SDR for Essar Projects

Lenders to Essar Projects will soon initiate a strategic debt restructuring (SDR) plan for the debt-ridden company, bankers told FE, adding that a decision to this effect had been taken at a joint lenders' forum (JLF) meeting

Industry News

Mahindra and Mahindra to raise Rs 470 crore via NCDs; issue rated ‘CRISIL AAA/Stable’

Auto major Mahindra & Mahindra (M&M) on Monday said it would raise R475 crore via issuance of rated, listed, unsecured and redeemable non-convertible debentures (NCDs) at a coupon of 7.57%.

Mahindra and Mahindra to raise Rs 470 crore via NCDs; issue rated ‘CRISIL AAA/Stable’

GTL Infrastructure lenders set to convert some part of huge debt to equity

Lenders to GTL Infrastructure have accepted the company's proposal to convert some part of the debt into equity under the strategic debt restructuring (SDR) scheme, bankers privy to the matter told FE.

Industry News

As SBI drops rates, real interest rates are now negative

In spite of consumer inflation falling to a five month low of 5.05% (y-o-y) in August, with State Bank of India dropping deposit rates further, real interest rates are now well and truly in negative territory, reports Shakti

Banking & Finance News

SBI investment accounts for 10% of CP market

State Bank of India's (SBI's) investments in commercial papers (CPs) at R41,000 crore now account for more than 10% of the total CP market of about R3.86 lakh crore, senior executives at the bank told FE.

Markets News

Banks’ investments in CPs at all-time high of Rs 1.06 lakh crore

Banks' investments in commercial papers (CP) as a share of their total investments hit an all-time high in the fortnight ended August 19, Reserve Bank of India (RBI) data show

Banking & Finance News

Commercial Papers interest rates at 6-year low

Interest rates on three-month commercial papers (CPs) for A1+-rated companies are currently at a six-year low of less than 7%, according to data sourced from Bloomberg.

Commercial Papers interest rates at 6-year low

Banks clear additional Rs 120-cr priority loan to Alok Industries

Lenders to Alok Industries, the highly-indebted textile manufacturer whose net worth has been eroded, have decided to provide the company with Rs 120 crore of additional 'priority' finance, senior bankers told FE.

Markets News

Share of housing loans in non-food credit at 8-years high

The share of housing loans in the total non-food credit hit its highest in almost eight years in June 2016, an analysis of the Reserve Bank of India (RBI) data shows.

Share of housing loans in non-food credit at 8-years high

Banks suffer as borrowers insist on lower MCLR

If MCLR falls between the date of approval and date of disbursement of a loan, borrowers are asking banks to lend at the lower rates

Banking & Finance News

PSBs lag private peers in loan book growth during Q1

The growth in the loan books of a clutch of top five private sector banks outpaced the same for the top five public sector banks (PSBs) by over three times in the quarter ended June.

Banking & Finance News

RBI Guv Raghuram Rajan: Revision in MCLR mechanism on cards

RBI has mandated banks to announce marginal cost of funds-based lending rate of at least five tenures.

RBI Guv Raghuram Rajan: Revision in MCLR mechanism on cards

With Rs 19,920.6 cr debt, Alok Industries wants banks to lend more

The company has reportedly told banks that capacity utilisation at its plants in Silvassa went up by about 10-15% in Q1 of this fiscal

With Rs 19,920.6 cr debt, Alok Industries wants banks to lend more

Lenders willing to slash loan rates? L& T Finance looks to lure customers

As borrowing by corporates remains subdued, some lenders – banks and non-banking finance companies (NBFCs) – appear to be willing to lower loan rates to win customers, multiple sources in the banking industry told FE. Rec

SBI Jaypee account an NPA lenders may invoke SDR News

Syndicate Bank cuts lending rate (MCLR), base rate to 9.60%

Syndicate Bank on Friday lowered both its marginal cost of funds based lending rate (MCLR), across all tenors, and the base rate by 10 bps to 9.60%.

Syndicate Bank cuts lending rate (MCLR), base rate to 9.60%