By Malvika Gurung
Investing.com -- Punjab National Bank (NS: PNBK ): The state-owned lender has raised Rs 2,000 crore by issuing Basel-III compliant bonds at a coupon rate of 8.75% p.a. on a private placement basis to certain investors.
IndusInd Bank (NS: INBK ): The private lender has partnered with the US-headquartered customer engagement platform MoEngage, to deliver a differentiated digital experience or ‘Gen Z’ experience to customers.
Canara Bank (NS: CNBK ): The state-owned lender has increased the marginal cost of funds based lending rate by 10 basis points across all tenors, coming into effect from Thursday.
Equitas Small Finance Bank (NS: EQUI ): The microfinance lender’s gross advances surged 22% YoY to Rs 21,699 crore and total deposits rose 19% YoY to Rs 20,386 crore in Q1 FY23. The CASA deposits jumped 55% YoY to Rs 20,386 crore.
City Union Bank (NS: CTBK ): The private lender’s board of directors have approved raising Rs 500 crore through the qualified institutional players (QIP) route.
Shriram Transport (NS: SRTR ) Finance Company: The NBFC has received approval from its equity shareholders and creditors for the merger with Shriram City Union Finance.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.