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Shriram Finance Limited Achieves significant Milestone with Largest MultiCurrency Syndicated Loan by a NBFC for USD 1.277 billion equivalent Shriram Finance Limited (SFL), the flagship company of the Shriram Group, has reached a historic milestone by successfully raising USD 1.277 billion equivalent in multiple currencies, including USD, EUR, and AED, through a notable External Commercial Borrowing (ECB) loan transaction. This landmark deal, executed in partnership with 12 leading banks, including prominent development institutions such as the International Finance Corporation, features tenors of up to five years. Not only does th...
Shriram Finance Limited Achieves significant Milestone with Largest MultiCurrency Syndicated Loan by a NBFC for USD 1.277 billion equivalent
Shriram Finance Limited Achieves significant Milestone with Largest MultiCurrency Syndicated Loan by a NBFC for USD 1.277 billion equivalent
Source: PR Agency
2024-12-22 09:40:49 am
DBS Bank nominates Rajat Verma to be next India CEO, sources say -DBS's India unit has nominated its head of institutional banking, Rajat Verma, to be the bank's new chief executive officer, two people familiar with the matter said. He is slated to replace Surojit Shome, who plans to retire after leading DBS Bank India since 2015, the sources said, adding that his nomination has been submitted to the Reserve Bank of India. India's central bank must approve all appointments of bank CEOs. The sources declined to be identified as the disc...
DBS Bank nominates Rajat Verma to be next India CEO, sources say
DBS Bank nominates Rajat Verma to be next India CEO, sources say
Source: Reuters
2024-11-12 02:01:35 pm
Indian importers favour FX options as rupee holds steady, premiums soar Indian importers are exploring options strategies to hedge against currency risks amid muted volatility in the rupee, moving away from outright forwards that have become expensive, traders said. Premiums, which reflect the interest rate differential between the United States and India, have surged as the Federal Reserve is expected to embark on a rate-cutting cycle, starting next week. "With forward premiums up significantly, we are recommending to importers to consider option stru...
Indian importers favour FX options as rupee holds steady, premiums soar
Indian importers favour FX options as rupee holds steady, premiums soar
Source: Reuters
2024-09-11 02:27:22 pm
Brookfield-backed Data InvIT raises nearly $1 billion in rare bond deal to fund ATC India purchase Brookfield-backed Data Infrastructure Trust, an Indian infrastructure investment trust (InvIT), has raised $941 million via rupee bonds to fund the purchase of American Tower Corp's (ATC) local assets, per a term sheet seen by Reuters. However, in what is a rare structure for the Indian market, only foreign investors are eligible to subscribe to Data Infrastructure's 79-billion-rupee issue, the term sheet showed. Canada's Brookfield Asset Management had said at the start of ...
Brookfield-backed Data InvIT raises nearly $1 billion in rare bond deal to fund ATC India purchase
Brookfield-backed Data InvIT raises nearly $1 billion in rare bond deal to fund ATC India purchase
Source: Reuters
2024-09-05 04:05:07 pm
India Singapore Ministerial Roundtable: Commerce Minister to bolster bilateral trade  Union Commerce Minister Piyush Goyal would explore strategies to bolster bilateral trade and investment during the second India Singapore Ministerial Roundtable (ISMR), that is scheduled to be held in Singapore on Monday.  On Sunday, the minister will engage with leading global business figures in Singapore, including DBS Bank, Temasek Holdings, OMERS, Keppel Infrastructure, and the Owners Forum, the Commerce Ministry said in a statement. Minister Goyal would explore strategi...
India Singapore Ministerial Roundtable: Commerce Minister to bolster bilateral trade
India Singapore Ministerial Roundtable: Commerce Minister to bolster bilateral trade
Source: IANS
2024-08-25 10:29:28 am
Rupee expected to hold close to record low ahead of Federeal Reserve outcome The Indian rupee is likely to open largely unchanged near its record low on Wednesday and trade in a tight band ahead of the U.S. Federal Reserve's policy decision due later in the day. Non-deliverable forwards indicate the rupee will open at around 83.71-83.72 against the U.S. dollar, nearly unchanged from its previous close of 83.7275. The rupee had declined to a record low of 83.74 on Monday. The dollar index was down slightly at 104.3, while most Asian currencies nudged higher, ...
Rupee expected to hold close to record low ahead of Federeal Reserve outcome
Rupee expected to hold close to record low ahead of Federeal Reserve outcome
Source: Reuters
2024-07-31 09:06:08 am
DBS Bank India launches pre-shipment financing solution on TReDS, empowers MSMEs DBS Bank India has announced its partnership with Receivables Exchange of India Limited (RXIL), the first RBI-licensed exchange platform under the Trade Receivables electronic Discounting System (TReDS). While the bank already offers post-shipment financing on the TReDS platform, it is now launching a pre-shipment financing solution that will empower Indian SMEs with an additional way of availing trade finance in a credit-light manner. By using alternative trade lending data from RXIL to buil...
DBS Bank India launches pre-shipment financing solution on TReDS, empowers MSMEs
DBS Bank India launches pre-shipment financing solution on TReDS, empowers MSMEs
Source: PR Agency
2024-07-02 10:54:49 am
Maruti Suzuki partners with DBS Bank India for Dealer Financing Solutions Maruti Suzuki India Limited (MSIL) today announced the signing of a Memorandum of Understanding (MoU) with DBS Bank India Limited for dealer inventory funding. This new alliance further enhances comprehensive inventory funding options for over 3863 Maruti Suzuki sales outlets across the country.   The MoU was signed in the presence of Mr. Partho Banerjee, Senior Executive Officer - Marketing & Sales, Mr. Nobutaka Suzuki, Senior Executive Officer - Marketing & Sales, Mr. Kam...
Maruti Suzuki partners with DBS Bank India for Dealer Financing Solutions
Maruti Suzuki partners with DBS Bank India for Dealer Financing Solutions
Source: PR Agency
2024-05-31 02:50:33 pm
Industry watchers hail continuous easing in CPI inflation Strong growth prospects, along with a timely onset and "well distribution" of the monsoon season, would be crucial to help control food inflation in coming months, industry experts said on Monday, as India’s consumer price inflation (CPI) eased to an 11-month low of 4.83 per cent in April. Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, appreciated the continuous softening of CPI inflation. “In the recent months, inflation has come down significan...
Industry watchers hail continuous easing in CPI inflation
Industry watchers hail continuous easing in CPI inflation
Source: IANS
2024-05-14 10:59:10 am
DBS Bank India Unveils New initiative to Support Women Re-entering the Workplace In a continued effort to foster an inclusive workplace, DBS Bank India announced a program aimed at women who are transitioning back into the workspace, including new mothers. This initiative is part of DBS's ongoing focus, as part of its responsible business practices, to develop a more diverse workforce and support employees through different life stages. By providing equitable career opportunities and empowering employees to grow to their fullest potential, DBS Bank India aims to attra...
DBS Bank India Unveils New initiative to Support Women Re-entering the Workplace
DBS Bank India Unveils New initiative to Support Women Re-entering the Workplace
Source: PR Agency
2024-05-09 02:19:21 pm
India`s Muthoot Finance accepts bids for dollar-bond issue, bankers say India's Muthoot Finance has accepted bids worth $650 million for U.S. dollar-denominated bonds maturing in three years and nine months, three bankers said on Wednesday. The company has set a coupon of 7.1250%, below its initial guidance of 7.3750%, amid strong investor demand and received bids worth $1.8 billion, the bankers said, declining to be named as they are not authorised to speak to the media. "The overwhelmingly positive investor response has been highly encouraging an...
India`s Muthoot Finance accepts bids for dollar-bond issue, bankers say
India`s Muthoot Finance accepts bids for dollar-bond issue, bankers say
Source: Reuters
2024-05-08 09:50:18 am
India's Muthoot Finance gives initial guidance for dollar bonds, bankers say India's Muthoot Finance is planning to raise funds through U.S. dollar-denominated bonds maturing in three years and nine months and has provided initial guidance for a coupon of around 7.375%, two bankers said on Tuesday. These Regulation-S dollar bonds are expected to be priced later in the day or early on Wednesday, the bankers said, declining to be named as they are not authorised to speak to the media. Muthoot Finance is aiming to issue benchmark-sized bonds, which means the is...
India's Muthoot Finance gives initial guidance for dollar bonds, bankers say
India's Muthoot Finance gives initial guidance for dollar bonds, bankers say
Source: Reuters
2024-05-07 10:00:46 am
Adani Green secures $400 million from international banks for 750 MW solar projects Adani Green Energy Ltd (AGEL) on Thursday secured $400 million from a consortium of five leading international banks for its under-construction 750 MW solar projects in Rajasthan and Gujarat. The financing will aid 750 MW of solar generation capacity in Rajasthan and Gujarat that are expected to be operational from November onwards, said AGEL, India’s largest renewable energy (RE) company. One of the projects is being developed in Rajasthan with 500 MW capacity and has a long-term...
Adani Green secures $400 million from international banks for 750 MW solar projects
Adani Green secures $400 million from international banks for 750 MW solar projects
Source: IANS
2024-05-03 11:39:59 am
Rupee likely to inch higher at open tracking Asian peers  The Indian rupee is likely to open slightly higher on Wednesday, aided by an uptick in its Asian peers, but traders reckon hedging demand from importers could limit the local unit's upside. Non-deliverable forwards indicate the rupee will open at around 83.31-83.32 to the U.S. dollar, mildly stronger compared to its close of 83.3425 in the previous session. Asian currencies rose between 0.1% and 0.6%, with the Korean won leading gains. The rupee's opening rise may see s...
Rupee likely to inch higher at open tracking Asian peers
Rupee likely to inch higher at open tracking Asian peers
Source: Reuters
2024-04-24 09:00:20 am
Indian forex, bond investors eye Middle East developments, US inflation India's rupee and government bonds will move this week based on developments in the Middle East crisis as well as a key U.S. inflation gauge that will impact the interest rate outlook. The rupee dropped to a record low of 83.5750 to the U.S. dollar on Friday amid worries over a wider conflict in the Middle East and expectations that U.S. interest rates are likely to remain higher for longer. The currency fell 0.1% in the week to end at 83.47, and the losses would have been larger ha...
Indian forex, bond investors eye Middle East developments, US inflation
Indian forex, bond investors eye Middle East developments, US inflation
Source: Reuters
2024-04-22 09:02:31 am
Rupee may weaken past 83.50/USD on risk-aversion powered dollar rally The Indian rupee will likely slip below 83.50 to a lifetime low on Tuesday, pressured by the dollar's broad rally on risk aversion and data that indicated that the U.S. Federal Reserve could hold off from cutting interest rates. Non-deliverable forwards indicate rupee will open 83.52-83.54 to the U.S. dollar compared with 83.45 in the previous session. The local currency just about managed to avoid the 83.4550 record low on Monday on likely intervention by the Reserve Bank of India....
Rupee may weaken past 83.50/USD on risk-aversion powered dollar rally
Rupee may weaken past 83.50/USD on risk-aversion powered dollar rally
Source: Reuters
2024-04-16 08:57:56 am
DBS Bank leads USD 100 Million Syndicated ECB Loan for HDFC Credila, India's Largest Education Loan Focused NBFC DBS Bank Ltd. has led a syndicated External Commercial Borrowing (ECB) loan for HDFC Credila Financial Services Limited (HDFC Credila) through the DBS IFSC banking unit in Gujarat International Finance Tec-City (GIFT City). HDFC Credila is an erstwhile subsidiary of HDFC Limited (now HDFC Bank) that focuses on the education loans business. As the sole mandated lead arranger and book-runner, DBS Bank completed a USD 100 million transaction, which will support HDFC Credila’s growing retai...
DBS Bank leads USD 100 Million Syndicated ECB Loan for HDFC Credila, India's Largest Education Loan Focused NBFC
DBS Bank leads USD 100 Million Syndicated ECB Loan for HDFC Credila, India's Largest Education Loan Focused NBFC
Source: PR Agency
2024-04-09 04:24:39 pm
India inflation likely cooled in March, albeit slightly India's consumer price inflation likely eased to a five-month low of 4.91% in March but was still above the Reserve Bank of India's 4% medium-term target as food price rises persist, according to economists polled by Reuters. RBI Governor Shaktikanta Das said last week that food price volatility remains a concern. Food price rises have outpaced headline inflation for several months, affecting millions of poor households already heavily dependent on government food subsidies. Con...
India inflation likely cooled in March, albeit slightly
India inflation likely cooled in March, albeit slightly
Source: Reuters
2024-04-09 08:51:35 am
Rupee set to open near record low as oil prices climb; RBI decision awaited  The Indian rupee is likely to kick off Friday's session near its all-time low as crude oil prices extended their rise on heightened geopolitical tensions and potential supply risks. Non-deliverable forwards indicate the rupee will open at around 83.45-83.46 to the U.S. dollar compared with its close of 83.4375 in the previous session. The rupee hit a record low of 83.4550 on Thursday. Brent crude oil futures rose above $90 per barrel for the first time since October on Thursda...
Rupee set to open near record low as oil prices climb; RBI decision awaited
Rupee set to open near record low as oil prices climb; RBI decision awaited
Source: Reuters
2024-04-05 08:49:12 am
Rupee may face some pressure as weaker yuan weighs on Asian FX The rupee is likely to open flat on Wednesday, although the Indian currency may face some pressure on the back of a decline in the offshore Chinese yuan that dragged most Asian currencies lower. Non-deliverable forwards indicate rupee will open largely unchanged from its close at 83.28 against the U.S. dollar on Tuesday. The dollar index edged higher to 104.4, while the offshore Chinese yuan was down 0.1% at 7.25. The Japanese yen also fell 0.2% to 151.88, its weakest level since 1990. ...
Rupee may face some pressure as weaker yuan weighs on Asian FX
Rupee may face some pressure as weaker yuan weighs on Asian FX
Source: Reuters
2024-03-27 08:51:10 am
DBS Bank India announces USD 250 million lending support for start-ups and `new economy` companies DBS Bank India announced a lending commitment of USD 250 million for new-age startups today. The initiative is part of the bank's focus on fostering innovation and entrepreneurship within the country's thriving startup ecosystem. The Indian start-up sector, a foundational pillar of the country’s development goals, has seen significant expansion over the years with over 90,000 start-ups and more than 100 unicorns as of 2024. Despite their growing resilience, access to capital ...
DBS Bank India announces USD 250 million lending support for start-ups and `new economy` companies
DBS Bank India announces USD 250 million lending support for start-ups and `new economy` companies
Source: PR Agency
2024-03-19 06:01:08 pm
IEPFA signs pact with DBS Bank to protect investors A Memorandum of Understanding (MoU) was signed between the Investor Education and Protection Fund Authority (IEPFA) under the aegis of the Ministry of Corporate Affairs (MCA), and DBS Bank here on Monday to spread safety messages among investors. The Ministry of Corporate Affairs said that as per the MoU, DBS Bank aims to support IEPFA's investor awareness activities by disseminating safety messages via its various digital platforms. “Leveraging DBS Bank's extensive networ...
IEPFA signs pact with DBS Bank to protect investors
IEPFA signs pact with DBS Bank to protect investors
Source: IANS
2024-02-20 10:15:43 am
Rupee may inch up on muted reaction in Asia to Federal pushback The Indian rupee may open marginally higher on Thursday after peers did not react much to the pushback from the Federal Reserve on March rate cuts. Non-deliverable forwards indicate the rupee will open at 83.02 to the U.S. dollar, compared with 83.0425 in the previous session. Asian currencies "have not reacted much" to the Fed outcome and momentum should help rupee move higher at open, an FX trader at a bank said. "We will see what the budget holds, though I doubt it ...
Rupee may inch up on muted reaction in Asia to Federal pushback
Rupee may inch up on muted reaction in Asia to Federal pushback
Source: Reuters
2024-02-01 08:59:41 am
DBS Bank India collaborates with StartupTN to foster entrepreneurship in Tamil Nadu  DBS Bank India announced a strategic partnership with StartupTN, the nodal agency of the Government of Tamil Nadu that is playing a crucial role in fostering innovation and promoting entrepreneurship throughout the State. Tamil Nadu ranks among the top 10 States in India for number of startups and is an emerging entrepreneurial hub. The collaboration with DBS Bank India is aimed at strengthening the ecosystem and driving innovation within the State by providing crucial support to sta...
DBS Bank India collaborates with StartupTN to foster entrepreneurship in Tamil Nadu
DBS Bank India collaborates with StartupTN to foster entrepreneurship in Tamil Nadu
Source: PR Agency
2024-01-19 10:24:02 am
Rupee to gauge uptick in US yields, Fed official`s cautious remarks The Indian rupee is likely to open slightly weaker on Friday after stronger-than-expected U.S. jobless claims data pushed U.S. bond yields higher and a Federal Reserve official reiterated the need for a cautious approach to potential rate cuts. Non-deliverable forwards indicate the rupee will open at around 83.15-83.16 to the U.S. dollar, compared with its previous closing of 83.1225. The dollar index was slightly lower at 103.33, with most Asian currencies holding steady, except for th...
Rupee to gauge uptick in US yields, Fed official`s cautious remarks
Rupee to gauge uptick in US yields, Fed official`s cautious remarks
Source: Reuters
2024-01-19 09:15:24 am
India`s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda India's ONGC Videsh, the overseas investment unit of the country's top explorer, Oil and Natural Gas Corp, has received a five-year $420 million loan from DBS Bank and Bank of Baroda, a company spokesperson said on Thursday. The loan will strengthen ONGC Videsh's available cash as it contends with shrinking free cash. Merchant bankers said last month that the company was likely to issue bonds to raise funds, and Venezuela provided some respite in January by agreeing to give ...
India`s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda
India`s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda
Source: Reuters
2024-01-18 01:55:48 pm
India`s REC hires bankers for up to $500 million yen-denominated green bond fundraise - official  India's REC has hired bankers to raise up to $500 million through its debut issuance of yen-denominated green bonds by Jan. 15, the company's director of finance told Reuters on Thursday. The state-owned infrastructure financier will issue five-year and 10-year bonds to raise $300 million-$500 million to fund green infrastructure projects, said Ajoy Choudhury. The company has hired DBS Bank, Mizuho, MUFG and SMBC Nikko as joint lead managers for the proposed issue. A fo...
India`s REC hires bankers for up to $500 million yen-denominated green bond fundraise - official
India`s REC hires bankers for up to $500 million yen-denominated green bond fundraise - official
Source: Reuters
2024-01-04 02:00:42 pm
Reliance Industries Limited and DBS Bank India collaborate to promote Compressed Biogas project.  India produces a significant amount of agricultural residue which is usually burnt in the absence of required processing infrastructure and logistical support. The agricultural residue supply chain has so far been unorganised as farmers and aggregators have not been adequately incentivised and financed. However supportive schemes such as the Guidelines for Crop Residue 2020 (revised in 2023) and solid waste management rules under the Swachh Bharat Mission have laid the ground for creati...
Reliance Industries Limited and DBS Bank India collaborate to promote Compressed Biogas project.
Reliance Industries Limited and DBS Bank India collaborate to promote Compressed Biogas project.
Source: PR Agency
2023-12-13 05:55:53 pm
Rupee to keep `narrow range` ahead of cenbank policy decision The Indian rupee is likely to open little changed on Friday ahead of the Reserve Bank of India's monetary policy decision, even as the dollar index dipped, pressured by a rally in the Japanese yen. Non-deliverable forwards indicate the rupee will open at around 83.34-83.35 to the U.S. dollar compared, barely changed compared to its close at 83.3525 in the previous session. The dollar index fell 0.4% overnight and edged lower in Asia to 103.56. The rupee's Asian peers were mostly...
Rupee to keep `narrow range` ahead of cenbank policy decision
Rupee to keep `narrow range` ahead of cenbank policy decision
Source: Reuters
2023-12-08 08:49:47 am
Foreign flows into Indian bonds hit 6-year high ahead of index inclusion Foreign inflows into Indian government bonds hit the highest level in six years in November ahead of the securities being included in JPMorgan's emerging market index next year, with investors and treasury officials expecting buying to continue. Foreign portfolio investors bought a net 127.2 billion rupees ($1.53 billion) of bonds in November, the highest since June 2017, data from Clearing Corp of India showed. Of these, around 96.6 billion rupees of purchases were securities with ...
Foreign flows into Indian bonds hit 6-year high ahead of index inclusion
Foreign flows into Indian bonds hit 6-year high ahead of index inclusion
Source: Reuters
2023-12-01 11:36:15 am
Rupee to see little respite on Fed's higher-for-longer bets The Indian rupee is likely to hover near its lifetime low on Friday, after U.S. inflation data reinforced expectations that the Federal Reserve will hold interest rates higher for longer.Non-deliverable forwards indicate rupee will open at around 83.25 to the U.S. dollar, just short of its record low of 83.29, and nearly unchanged from the previous session.Asian currencies were down 0.3% to 0.8% on the back of rising U.S. Treasury yields."It looks like the familiar narrative will play out. US...
Rupee to see little respite on Fed's higher-for-longer bets
Rupee to see little respite on Fed's higher-for-longer bets
Source: Reuters
2023-10-13 09:20:52 am
Insurtech startup Onsurity raises $24 mn led by IFC Insurtech startup Onsurity on Monday said it has raised $24 million in its Series B funding led by the International Finance Corporation (IFC).Additionally, existing investors Nexus Venture Partners and Quona Capital also participated in the round. The startup said it will utilise the funds to work with its insurance partners to facilitate a smooth claims experience for its members by co-creating a technology solution to drive a seamless and transparent journey. Bengaluru-based Onsu...
Insurtech startup Onsurity raises $24 mn led by IFC
Insurtech startup Onsurity raises $24 mn led by IFC
Source: IANS
2023-10-09 11:22:04 am
DBS unveils metaverse adventure on `DBS BetterWorld` to spotlight the global food waste challenge DBS unveiled its metaverse concept for DBS BetterWorld, a gamified adventure to demonstrate how the metaverse can be leveraged as a force for good.?The virtual experience highlights the global food waste challenge and what Businesses for Impact, supported by the DBS Foundation, are doing to address the issue. According to the United Nations, one-third of all food produced in the world ? or an estimated 1.3 billion tonnes - is wasted each year. The Food and Agricultural Organisation (FAO) esti...
DBS unveils metaverse adventure on `DBS BetterWorld` to spotlight the global food waste challenge
DBS unveils metaverse adventure on `DBS BetterWorld` to spotlight the global food waste challenge
Source: PR Agency
2023-09-13 10:44:38am