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This is an archive article published on July 9, 2011
Briefly Business
State Bank of India plans to raise 5 billion via offshore loans.
Written by Express News Service
July 9, 2011 12:48 AM IST
2 min read
2 min read
SBI to raise 5 bn this year through offshore loans
New Delhi: State Bank of India plans to raise 5 billion via offshore loans. We hope to raise 5 billion debt by December by means of foreign debt through medium-term notes, SBI chairman Pratip Chaudhury said.
NTPC to receive Rs 10,000 cr loan from SBI
New Delhi: Countrys largest power producer NTPC on Friday said it has inked a Rs 10,000 crore loan agreement with State Bank of India for financing its projects.
Dhanlaxmi Bank halts Rs 290 cr fund raising plan
Mumbai: Dhanlaxmi Bank has halted the Rs 290.53 crore fund raising plan by way of preferential allotment as one of its investors has backed out.
Bharatiya Global Info IPO price-band at Rs 75-82
Mumbai: Bharatiya Global Infomedia Ltd plans to enter the capital market with a public issue of 67.2 lakh equity shares of Rs 10 each by diluting around 41 per cent of equity stake on July 11.
Forex reserves rise by 6.70 billion
Mumbai: Indias forex reserves jumped by 6.70 billion to 315.72 billion on the back of sharp increase in foreign currency assets,the RBI said on Friday.
Insurance regulator slaps Rs 70 lakh fine on SBI Life
New Delhi: Insurance regulator Irda has imposed a fine of Rs 70 lakh on SBI Life Insurance for paying excess commission to agents in violation of group insurance guidelines.
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