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Category Archives: Banking & Finance

UTI FUND

Abu Dhabi invests US$1bn in NIIF

US and UK lines up for investment in Indian funds A wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), the ADIA Group, would invest US$1 billion in the National Investment and Infrastructure Fund (NIIF) Master Fund.

SBI LAUNCH

SBI-Moody’s collaborates on credit certification

The programme meets RBI mandate The State Bank of India (SBI) and Moody’s Analytics have formed a collaboration to provide bank-wide credit certification to SBI’s employees enabling them to source, appraise and monitor loans faster.

Singapore Exchange

IREDA raises US$300m from bond

Green Masala bond an IREDA milestone The Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs.19.5 billion (US$300 million) through a five-year Green rupee-denominated bond, which started trading on Singapore Exchange (SGX) on 11 October 2017.

GMR-Hyderabad Airport

BB+ rating for GMR Hyderabad Airport

GHAIL has good location and market position, says S&P S&P Global Ratings has assigned its ‘BB+’ long-term corporate credit rating to India-based airport operator GMR Hyderabad International Airport Ltd (GHIAL) despite regulatory uncertainty.

DBS

Policy fine-tuning likely in coming weeks

DBS sees festive-driven demand and good monsoon in India The Indian government’s policy fine-tuning is likely in the coming weeks as it has just done so with Goods and Services Tax (GST), said Development Bank of Singapore (DBS) in its daily economic report on 9

European investment bank

EIB finances Bangalore Metro

Project to be completed in 5 years The Indian government and European Investment Bank (EIB) have signed the Finance Contract for lending of Euro300 million for Bangalore Metro Rail Project Phase II Line R6.

WGC Logo

Wadhawan enters wealth management

Industry veteran to head new business Wadhawan Global Capital (WGC), one of India’s leading financial services institutions, has announced its foray into private wealth management and joined hands with industry veteran Atul Singh, who will head the business.

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FIEO welcomes procedural simplification of exports

Micro and small exporters will benefit, says Gupta The Federation of Indian Export Organizations (FIEO) has welcomed the decision to dispense with Bank Guarantee requirement under Bond and replacing it with Legal Undertaking (LUT).