Search result for 'project loans'

India's government has reached its target of establishing 10,000 farmer producer organizations (FPOs) under a central scheme, boosting agricultural productivity and rural job creation.

RBI Governor Sanjay Malhotra announces a one-year deferral of LCR implementation and emphasizes balancing financial stability with the cost of regulations. The central bank is also reviewing other...

S''P Ratings says US indictment of Gautam Adani could raise questions over governance practices at Adani Group, impacting funding access and reputation.

REC aims to increase its renewable energy loan book to over Rs 3 lakh crore by 2030, playing a key role in India's green energy transition. The company signed MoUs worth Rs 1.12 lakh crore for...

SBI has sanctioned Rs 10,050 crore for Damodar Valley Corporation's 1,600 MW Ultra Super Critical Thermal Power Project in Jharkhand.

NaBFID's MD questions RBI's proposal for 5% provision on infra loans, citing low default rates and changing perception of infra financing.

RBI is expected to release final project loan guidelines in the next 2-3 months, following feedback from banks on proposed Expected Credit Loss (ECL) provisioning norms.

SBI MD expects market correction to bring funds back to banks, while also focusing on PMJDY accounts to boost deposit growth. Read more.

The Reserve Bank of India (RBI) will finalize guidelines on project loans, incorporating industry feedback. The final guidelines will address concerns related to provisioning and compliance.

Avaada Energy secures Rs 315 crore financing from Aseem Infrastructure Finance for a captive solar project in Karnataka, marking a significant step in India's energy transition.

LIC Housing Finance aims to accelerate loan growth to 10-12% in FY25, focusing on affordable housing. The company also plans to increase its loan book to Rs 75,000 crore and maintain a net interest...

Bank of India's Q4 net profit rose 7% to Rs 1,439 crore, impacted by higher provisioning and a decline in non-core income. Non-interest income fell 43% due to lower investment sales gains. Gross...

India's GDP growth is projected to reach 8% in FY24, driven by strong performance in the first three quarters. CEA highlights the robust economic growth and factors influencing it.

India Ratings and Research has upgraded its GDP growth forecast for FY25 to 7.1%, citing strong government capex and a nascent private sector investment cycle. However, consumption demand remains...

PSU bank shares declined after the Reserve Bank of India proposed stricter rules for lending to projects under construction, impacting banks like PNB, Canara Bank, and Bank of Baroda.

Reserve Bank of India proposes stricter regulations for project finance, including higher provisioning during construction and detailed stress resolution guidelines. Read more.

Avaada Energy has secured Rs 1,190 crore loan from SBI for a 400 MWp solar project in Gujarat. The financing will support the development of a utility-scale solar PV power project in Surendra Nagar...

Avaada Energy has secured a Rs 1,190 crore loan from SBI to develop a 400 MWp solar project in Gujarat. The project will generate power for Gujarat Urja Vikas Nigam Limited.

Sterlite Power refinances its Lakadia-Vadodara Transmission project loan, securing a reduced interest rate of 8.25% per annum. The project, which became operational in January 2023, is now fully...

LIC Housing Finance plans to increase affordable housing loans to 20-25% of its loan book within two years, driven by government initiatives and strong market demand.

ReNew Energy Global plc has refinanced Non-Convertible Debentures (NCDs) worth Rs 2,391 crore, issued by its subsidiaries in October 2020. The refinancing was done using proceeds of a long-term...