HYBRID LOANS
ACME ties up Rs 5,600 cr loan for green energy project in Andhra Pradesh
The projects will have the ability to supply power nationwide during peak hours without disruptions. ACME, ReNew Power, Hero Future Energies and Amp Energy won parts of the tender.
Neither PSU, nor fully private: 7 mid and small cap banks which are hybrid model in many ways with an upside potential of up to 41 %
Banking, a sector where in the last two years winds have blown into as many directions as one could have imagined. Normalization of valuation in large private sector banks, a clean up in the PSU space. Then there is a third set of banks, where probably all these things happened. Right from tech upgrade, clean up of balance sheet, expansion of network and partial upgrade of valuation. In the last few days, there has been a debate about PSU and private banks. The third set of banks is once again not finding much mention on the street. But the fact is that over the last few years, they have been improving their performance, but because they are not majorly in the eyes of either policy makers or the street, they tend to get less attention. The reason for the improvement is a simple one, when RBI makes a change in law, it applies equally to all, whether it is HDFC banks or SBI or a bank which is neither private nor public and are some sort of hybrid. So, these lesser talked ones are a set which come with their own shortcoming and strength.
I received Rs 70 lakh after retirement. Where should I invest this amount for good return?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Boeing hit with $72 million verdict in EV aircraft trade secrets case
Zunum Aero wins $72 million in trade secrets case against Boeing in Seattle. Boeing copied Zunum's technology, leading to $81.2 million award. Jury also awards $11.6 for tortious interference.
I received Rs 18 lakh from sale of ancestral property. Where should I invest this money for the next 3-5 years?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Cheapest home loan interest rates: Banks home loan rates for amounts up to Rs 30 lakh
Latest home loan interest rates: Your income and repayment capabilities mostly decide your home loan eligibility. The interest rate applicable to your home loan is effective on the day of disbursement.
- Go To Page 1
What is the advantage of borrowing against mutual fund units?
Borrow against equity or hybrid mutual fund units for immediate liquidity at 9-11% interest rates. Advantages include short-term monetary support without selling units, maintaining financial plan, and quick capital raise. Apply online through NBFC websites for a paperless process.
Govt evaluating RBI proposal for higher infrastructure provisioning; bankers, NBFCs voice concern
Lenders may oppose the draft rules, which proposes provisioning of up to 5% from current 0.4%, due to concerns over rising interest rates and potential disruption to capital expenditure. Banks plan to lobby against the steep increase, arguing it could affect project viability and economic momentum. State-owned NBFCs and infrastructure firms are also raising concerns, emphasizing the need to balance risk and support for infrastructure financing.
Adani Green Energy seeks $400 million loan for capex push
In addition to this loan, Adani Green is planning to raise a $1.3 billion bond in the next two months, after the general elections. Last month, it became the first Adani Group company to raise funds through a dollar note sale after a year of the release of the US-based short seller Hindenburg Research's report alleging wrongdoings at the group, showing signs of investor confidence.
Vedanta secures 11-year Rs 3,900 cr loan from PFC
The group plans to increase the operating capacity of its power business in India to 4.8 GW by FY27, sources with knowledge of the matter said. The latest financing follows Vedanta group's takeover of Meenakshi Energy Ltd on December 28 in an NCLT-driven insolvency process.
80% of total capex will be in hydro sector; 15-20% in solar and hybrid green energy sector: RP Goyal, NHPC
RP Goyal, Director (Finance) of NHPC, announced that NHPC's installed capacity is 7,000 MW, with plans to double it by the end of FY27. The commercialisation of a 300 MW solar project in Rajasthan is expected by September 24, with a total capex of Rs 1,700 crore. NHPC aims to allocate 15-20% of capex to the solar sector.
Is flexi loan or dropline overdraft better than a personal loan and conventional overdraft?
Credit line in the form of an overdraft is preferred by many people as it gives them flexibility to repay as per their convenience and keep the interest cost low as they pay only on outstanding amount. A new version of this loan is now being offered by many lenders which is called dropline overdraft or a flexi loan. Before going for it you must know if it is better than a personal loan or conventional overdraft.
Retirement planning: Is it possible to save Rs 2 crore in 12 years for my retirement?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Chinese auto giant BYD sells more electric vehicles than ever
But BYD last year sold 1.6 million fully electric vehicles and another 1.4 million hybrids, which are powered by both batteries and gasoline. Together that is a 62% increase over 2022. BYD is also making money, tripling its profit to $1.5 billion in the first half of last year. All told, Chinese automakers are expected to have sold about 9.4 million electric vehicles and hybrids last year, an increase from 6.9 million in 2022, according to the China Association of Automobile Manufacturers. The group said it expected sales in 2024 to rise again, to 11.5 million.
When to sell your mutual fund and when to take loan against securities
When you need urgent fund whether you should sell your mutual fund units or take a loan against it? Most investors take SIP route to build their long term investment portfolio and if it is broken or short term need it will be a difficult task to get back. However, if you go for loan it will come at a cost. We tell you how a loan against MF works and how should you decide whether you need to sell your MF holding or take a loan.
Breaking barriers: Why financing reforms matter for midsized companies
The capital market is a better source of long-term funding than banks because of reasons around rate and tenure. Yet, only a small fraction of midsized companies have effectively used this options to its advantage.
World Bank must become bigger to be relevant for 4 decades: Ajay Banga
The bank will soon approach its shareholders proposing a capital increase and redefinition of its mandate, he added. "I'm definitely going to go back to our shareholders to seek a bigger bank," Banga said. "I believe that is what the world needs for the next coming decades."
How to save Rs 15 lakh for home loan down payment in three years
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Byju's targets to reach break-even by March, hive off Epic
Byju's had earlier set the target to become profitable by March 2023. Byju's booked a loss of Rs 4,588 crore for fiscal year ended March 31, 2021, 19 times more than the preceding fiscal.
AUM to hit Rs 5 lakh crore in FY-23: Vivek Kumar Dewangan, REC
We are in discussion with other financial institutions because the asset size is going to be quite large, more than Rs 30,000-40,000 crore, then we need to collaborate with other financial institutions. As you are aware that our loan book has grown in last financial year to the extent of 13%, but in the current financial year in Q1 there was growth of about 20%.
Prevailing tight credit situation has been a major catalyst for gold loan growth: Umesh Mohanan, CEO, Indel Money
We are a growing company and we have a very optimistic outlook on the segment. We have targeted an annual growth of 70% and we are very confident of achieving it. The high-interest rate regime is expected to stay here for some time as there is no let-up in the retail inflation scenario, says Umesh Mohanan, executive director & CEO of Indel Money, a non-banking finance company in the gold loan sector.
REC sanctions Rs 6,075 crore loan to Greenko, Rs 3,081 crore debt to Serentica Renewables
The REC is on a trajectory to achieve a green finance loan book of Rs 3 lakh Crore by the fiscal year 2030, a statement said.
Hero Electric faces rating cut on loan defaults
"The rating action reflects a delay in servicing of debt obligations due to poor liquidity," Crisil said in its note. There has been a sharp deterioration in the financial risk profile of the company, Crisil noted, due to continued operating losses, stretch in liquidity due to buildup of subsidy receivables and lower-than-expected equity infusion from external investors.
Renew Energy to get Rs 64,000 cr loan from PFC, REC
Green energy major Renew Energy Global Friday signed loan agreements worth Rs 64,000 crore with Power Finance Corporation and Rural Electrification Corporation. Public sector energy funders will lend Rs 32,000 crore each to the Nasdaq-listed energy company.
A Latvian lesson: How India can ensure MSMEs get loans more easily
The small Baltic nation and others in the “Rapid Reformers” group have been able to improve their loan rejection rates to small businesses. What stops a country like India from following their model?
Investors should put in lumpsum money in hybrid mutual funds: Sankaran Naren, ICICI Prudential AMC
"Our current contrarian call is for investing in hybrid funds. We recommend that investors invest lump-sum monies in hybrid categories like equity savings, balanced advantage, aggressive hybrid and multi-asset, given that India remains a robust structural growth story."
Byju’s defaults on $40 mn loan payment, sues lender; Sequoia India is now Peak XV Partners
Days after its negotiations with creditors to restructure a $1.2 billion term loan fell through, edtech firm Byju’s missed a quarterly interest payment of $40 million on June 5, and sued the lenders in the New York Supreme Court. This and more in today’s ETtech Top 5.
Realty developers urge RBI for no further repo rate hike on rising cost stress
Through six successive hikes since May, the central bank has raised policy rates by cumulative 250 basis points taking the repo rate to 6.5%. It had hiked the rates last February making loans expensive.
Rules for new hybrid financial instruments combining banking, insurance, MF, pension announced
The Reserve Bank of India (RBI) has announced guidelines for the creation of new hybrid financial products that integrate insurance, mutual funds, banking, and pension-related instruments.
Load More
