Kotak Mahindra Bank
Indian corporate issued bonds worth Rs 31,521.83 crore in the July-August period, up 50.23 percent year-on-year, provisional data from Prime Database showed. The top issuer in August was Housing Development and Finance Corporation (HDFC), which raised Rs 2,450 crore. In July, the top issuer was Power Finance Corporation, which raised Rs 4,335 crore. Infrastructure bonds [...] Continue Reading »
IDFC Ltd’s transition to a bank will be painful. Meeting the requirements of cash reserve ratio (CRR) and statutory liquidity ratio (SLR) and ensuring that 40% of its loans go to the priority sector will lead to a decline in return ratios. The requirement of 60% dilution of the holding company structure in the third [...] Continue Reading »
IDFC is prepared with a “Plan B” just in case it does not make it to the list of winners for a license from the Reserve Bank of India to start a bank. This also means diversification into housing finance and retail lending business. Speaking on this Group Chief Financial Officer, IDFC, Mr. Sunil Kakar, [...] Continue Reading »
Famed realty developer, the Lodha group has repaid the debt it took in early 2012. The debt was taken by issuing Non-Convertible Debentures (NCDs) in the early 2012. Many retail investors and large institutions including Citigroup, Kotak Mahindra Bank and Deutsche Bank formed a consortium to invest in these privately-placed debentures. Abhinandan Lodha, deputy Managing [...] Continue Reading »
While the home loan and auto loan market get saturated among the creamy layer of metros, banks seem to concentrate on Tier II and Tier III cities. Whether it be country’s largest mortgage lender, HDFC or other big players like BNP Paribas Home Finance or Kotak Mahindra Bank, everybody is looking at growing small cities. [...] Continue Reading »
