SBI wrote off bad loans worth over Rs 20,000 crore last fiscal

The country's largest lender SBI wrote off bad loans worth Rs 20,339 crore in 2016-17, the highest among all the public sector banks, which had a collective write off of Rs 81,683 crore for the fiscal.  The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it.  Public sector banks' […]

Read more

Indiabulls Housing Finance raises Rs 315 crore to fund low-cost housing projects

Indiabulls Housing Finance Limited (IBHFL) on Wednesday said it has raised USD 50 million (about Rs 315 crore) through masala bond. The rupee denominated bond proceeds will be used towards financing the affordable housing sector, the company said in a statement. This issuance is under the approval received by the company from the Reserve Bank of India to issue up […]

Read more

Indiabulls Housing raises Rs 315 crore via offshore bonds

Top-rated Indiabulls Housing Finance Limited (IBHFL) has sold rupee-denominated social bonds worth Rs 315 crore to overseas investors as it aims fund more low cost housing.  Social Bonds are a debt instrument to raise funds exclusively to finance or re-finance select and eligible social projects such as affordable basic infrastructure (water, sewers, housing, sanitation and transport), food security, clean energy, […]

Read more
1 2 3 4