#IDBI Capital Markets

[indiabizlive]

Reliance Industries Ltd. (RIL), a titan in the energy and telecom industries, plunged roughly 20% from its 52-week high levels because of the current turbulence in the local equities market. In comparison to its 52-week high of Rs 2,855, reached on April 29 of last year, the stock traded at Rs 2,284.90 on Monday.

[asj-ventures]

Market Morning Brief - 12th August

Asian markets trade flat and GIFT Nifty after turmoil on Hindenburg-Adani/Buch allegations.

Gift Nifty trading 9 points down at 8:06 am.

Israeli Defense Minister Yoav Gallant spoke on Sunday with U.S. Defense Secretary Lloyd Austin and told him Iran's military preparations suggest Iran is getting ready for a large-scale attack on Israel.

Key for the Federal Reserve will be U.S. consumer prices on Wednesday where economists look for rises of 0.2% in both the headline and core, with the annual core slowing a tick to 3.2% hoping upto 0.5% rate cut.

Quarterly results today :

Vodafone Idea, Voltas, Bajaj Hindusthan Sugar, Balrampur Chini Mills, Campus Activewear, Dhanlaxmi Bank, DOMS Industries, Happiest Minds Technologies, Hindustan Copper, Housing & Urban Development Corporation, Indian Railway Finance Corporation, Natco Pharma, National Aluminium Company, NMDC, Olectra Greentech, Senco Gold, SJVN, Sunteck Realty, and Voltas.

Stocks in news today,

🎯Larsen & Toubro

Subsidiary L&T Semiconductor Technologies has completed the acquisition of a 100% stake in SiliConch Systems.

🎯Kotak Mahindra Bank

The bank has acquired 30 lakh equity shares of Open Network for Digital Commerce (ONDC) for Rs 30 crore. With this, the bank’s current shareholding in ONDC is 5.10%.

🎯Oil and Natural Gas Corporation

The company has received approval from the Government of India for the infusion of additional equity capital of up to Rs 10,501 crore in ONGC Petro Additions (OPaL), conversion of backstopped Compulsorily Convertible Debentures (CCDs) amounting to Rs 7,778 crore, and balance payment of Rs 86 crore with respect to share warrants, totaling Rs 18,365 crore. This will change the status of OPaL into a subsidiary of ONGC with a 95.69% equity stake.

🎯Bank of Baroda

The public sector lender has raised lending rates by 5 basis points (bps) on its three-month, six-month, and one-year tenures, effective August 12.

🎯Canara Bank

The bank has raised its lending rate by 5 bps across tenures, effective August 12.

🎯Atul

Subsidiary Atul Bioscience has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (FDA) for its manufacturing facility at Ambernath, Maharashtra. The EIR was issued post the last inspection of the facility conducted from May 6 to May 10, which concluded with zero FDA 483 observations.

🎯Mastek

Hiral Chandrana has resigned as Group CEO of the company. The board has recommended Umang Nahata as the Interim Group CEO of Mastek Group, effective August 10. Umang Nahata is currently one of the non-Executive Directors of the company.

🎯Coffee Day Enterprises

The IDBI Trusteeship Services has admitted Coffee Day Enterprises into the National Company Law Tribunal (NCLT) for the initiation of Corporate Insolvency Resolution Process (CIRP) for Rs 228.45 crore. The company is planning to take the required legal action in this regard.

🎯Amara Raja Energy & Mobility

Subsidiary Amara Raja Advanced Cell Technologies has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles, a 100% Indian subsidiary of the Italian auto giant Piaggio Group. Amara Raja will collaborate with Piaggio India to develop and supply LFP (lithium iron phosphate) Lithium-Ion (Li-ion) cells and chargers for its electric vehicles, along with developing cells and battery packs for their upcoming offerings.

🎯Caplin Point Laboratories

The United States Food and Drug Administration (US FDA) conducted an unannounced inspection of Caplin Steriles’ injectable and ophthalmic manufacturing facility at Gummidipoondi. The inspection was conducted between August 5 and August 9 and concluded with zero observations.

Positive 👍🏻

Bulk Deals

🎯Hatsun Agro Product

VVV and Sons Edible Oils sold a 0.6% stake in the company at an average price of Rs 1,227.27 per share.

🎯Paramount Communications

Foreign investor Nexpact sold a 0.76% stake in the company at an average price of Rs 80.5 per share.

🎯Updater Services

Foreign company India Business Excellence Fund IIA sold a 0.64% stake in the company at an average price of Rs 326.57 per share.

🎯ACE Software Exports

Ace investor Shankar Sharma has bought a 1.25% equity stake in the company at an average price of Rs 359.5 per share. However, Jamkuben Harilal Dhamsaniya sold a 2.03% stake in the company at the same price.

🎯Nexus Select Trust

Morgan Stanley Asia Singapore Pte ODI, HDFC Trustee Company - HDFC Flexi-Cap Fund, Morgan Stanley Asia Singapore Pte, ICICI Prudential Mutual Fund, Carmignac Gestion A/C Carmignac Emergents, and Wells Fargo Emerging Markets Equity Fund purchased a 7.76% stake in the trust at an average price of Rs 138 per unit. However, BREP Asia SG Red Fort Holding NQ Pte and BREP Asia II Indian Holding Co IX (NQ) Pte sold 20.82% units at the same price.

For More Detailed Analysis Connect with us at ASJ Ventures

ASJ Ventures

[thebillionaireinsider]

Reliance Power Limited: A Debt-Free Dawn and Anil Ambani’s Resurgence

There’s a wave of optimism among investors in Anil Ambani’s Reliance Power Limited. The company has recently achieved a significant milestone: it has become debt-free on a standalone basis. This achievement marks a critical turnaround for the company, signalling a new era of financial stability and potential growth.

Reliance Power had been grappling with a substantial debt load of around ₹800 crores. However, between December 2023 and March 2024, the company successfully signed multiple debt settlement agreements with major banks, including IDBI Bank, ICICI Bank, Axis Bank, and DBS. Through these strategic moves, Reliance Power has now repaid its entire debt, transforming it into a debt-free entity on a standalone basis.

This significant debt reduction has not gone unnoticed by the stock market. On Tuesday, June 11th, Reliance Power’s shares surged by over 10% during trading, reflecting the renewed confidence of investors in the company’s financial health and prospects.

The journey to becoming debt-free involved several strategic decisions, including the divestment of non-core assets. In December 2023, Reliance Power sold the development rights of its proposed 1,200 Megawatt hydro-electric project in Arunachal Pradesh to THDC for ₹128 crores. Following this, in March 2023, the company sold its 45 MW wind energy project in Maharashtra to JSW Renewable Energy for ₹132 crores. The proceeds from these sales were instrumental in retiring the company’s debt, thereby enhancing its financial stability.

Currently, Reliance Power boasts a low debt-equity ratio of 1.61 and a net worth of ₹11,614 crores. With an equity base of ₹4,016 crores and the participation of over 3.8 million retail investors, the company is well-positioned to capitalize on future opportunities. Reliance Power operates a substantial capacity of 5,900 MW, including the 3,960 MW Sasan Ultra Mega Power Project (UMPP) and the 1,200 MW Rosa Thermal power plant in Uttar Pradesh. Notably, the Sasan UMPP is one of the largest integrated coal-based power plants in the world, underscoring the company’s significant footprint in the energy sector.

These positive developments are not just a testament to the company’s strategic direction but also a reflection of Anil Ambani’s resilience and determination to steer his ventures through challenging times. Over the past few years, Anil Ambani has faced considerable setbacks, including mounting debts and legal challenges that have cast a shadow over his business empire. Despite these obstacles, his relentless efforts to restructure and revitalize his companies are beginning to bear fruit.

Anil Ambani’s journey has been fraught with difficulties, yet he has consistently shown an ability to navigate through turbulent waters. His strategic initiatives to divest non-core assets, reduce debt, and focus on core business areas have been pivotal in laying the groundwork for a comeback. The resurgence of Reliance Power, evidenced by its debt-free status and renewed investor confidence, is a significant step in this journey.

In conclusion, the transformation of Reliance Power into a debt-free company marks a critical milestone in Anil Ambani’s broader comeback story. With a solid financial foundation and strategic focus on core operations, Reliance Power is poised for growth and stability. Anil Ambani’s resilience and strategic acumen continue to drive his efforts to reclaim and enhance his business legacy, demonstrating that even in the face of adversity, a determined approach can lead to remarkable turnarounds.

[nickyysharmi]

Navigating The Complexities Of Private Equity And M&A In India's Investment Banking Sector

India's investment banking sector is a vibrant and dynamic landscape where private equity (PE) and mergers and acquisitions (M&A) play crucial roles in driving economic growth and corporate development. These two areas are intertwined, presenting a mix of opportunities and challenges that reflect broader global financial trends. Understanding the complexities of PE and M&A in India means diving into a world shaped by unique regulatory environments, market conditions, and cultural nuances.

Private equity in India has experienced tremendous growth over the past decade. With a rapidly expanding economy and a young, energetic population, India is a magnet for PE investments. Investors, both domestic and international, are keen to tap into diverse sectors like technology, healthcare, real estate, and infrastructure. However, navigating the PE landscape in India isn't a walk in the park. It requires a deep understanding of the regulatory frameworks and socio-economic factors that can significantly impact business operations.

Also Read: Exploring Boutique Investment Banking in India's Emerging Markets

A key player in this field is the merchant banker. These financial experts are essential in facilitating investments by offering advisory services, helping companies raise capital, and ensuring regulatory compliance. For instance, a merchant banker in India, such as SBICAPS (SBI Capital Markets), is pivotal in structuring deals, conducting thorough due diligence, and advising on strategic investments. Their expertise ensures that investments are not only sound but also aligned with the long-term goals of both the investors and the businesses they back.

On the other side of the coin, mergers and acquisitions represent a strategic path for corporate growth and consolidation. In India, the M&A landscape is a mix of domestic consolidations and cross-border transactions. Companies pursue M&A to expand their markets, diversify their portfolios, and gain competitive edges. But, executing successful M&A deals in India involves navigating a labyrinth of regulatory approvals, cultural differences, and market-specific challenges.

Regulatory bodies like the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) oversee the framework for deal structuring, pricing, and disclosure requirements, ensuring transparency and protecting investor interests. A corporate advisory in India needs a deep understanding of these regulations to guide companies through the complex M&A process. Institutions like SBICAPS, ICICI Securities, and IDBI Bank offer invaluable advisory services, helping companies identify potential targets, conduct valuations, and negotiate terms that align with their strategic goals.

Cultural factors also play a significant role in the success of M&A transactions in India. The country's diverse cultural landscape means companies must consider differences in business practices, management styles, and employee expectations when merging with or acquiring another firm. Effective communication and integration strategies are crucial for ensuring that the combined entity can operate smoothly and realize the synergies anticipated from the deal.

Global economic trends also influence private equity and M&A activities in India. Fluctuations in global markets, changes in trade policies, and shifts in investor sentiment can all impact the flow of capital and the attractiveness of investment opportunities. Indian companies and investors need to stay attuned to these trends and adapt their strategies accordingly.

In recent years, the rise of technology and innovation has added a new dimension to PE and M&A in India. The technology sector has seen a surge in investments, with PE firms and corporate buyers eager to capitalize on the digital transformation sweeping across industries. This trend has led to the emergence of new business models and investment opportunities, adding another layer of complexity to the landscape but also offering unprecedented growth potential.

Financial institutions like SBICAPS play a critical role in this evolving scenario. By providing comprehensive advisory services, conducting market research, and leveraging their extensive networks, these institutions help bridge the gap between investors and opportunities. Their insights and expertise enable businesses to make informed decisions, mitigate risks, and achieve their strategic objectives.

Also Read: Let's Explore SBI CAPS As An Investment Bank Of The Future Of Equity Capital Markets

In conclusion, navigating the complexities of private equity and M&A in India's investment banking sector requires a multifaceted approach. It involves understanding the regulatory environment, cultural dynamics, and global economic trends. Merchant bankers in India, such as SBICAPS, and corporate advisory services play a pivotal role in guiding companies through this intricate landscape. As India continues to grow and evolve, the opportunities for PE and M&A will expand, offering exciting prospects for investors and businesses alike. For those equipped with the right knowledge and expertise, the Indian market promises a rewarding journey in the world of finance.

[ramakantthinks]

From SBICAPS To Axis Bank: Exploring Investment Strategies Of Leading Financial Institutions In India

In India's vibrant financial scene, several notable institutions shine for their adeptness in crafting investment strategies. These institutions, namely SBICAPS, HDFC Bank, ICICI Securities, IDBI Capital, and Axis Bank Limited, boast distinct approaches to navigating the complexities of the financial markets while driving returns for investors.

SBICAPS

The investment banking arm of the State Bank of India (SBI), offers a comprehensive suite of services ranging from equity capital markets to mergers and acquisitions advisory. With a robust research team and extensive market reach, SBICAPS focuses on identifying emerging opportunities across various sectors. The role of SBICAPS as a seasoned intermediary, facilitating capital flows and corporate transactions in the Indian market, aligns well with the operations of investment banks in India. Additionally, SBICAPS plays a pivotal role in providing corporate advisory services, and guiding clients through strategic decision-making processes.

HDFC Bank

A leading private sector bank in India, emphasizes a client-centric approach to investment management. Leveraging its vast network and technological prowess, HDFC Bank offers a wide array of investment products tailored to meet the diverse needs of its clientele. From mutual funds to portfolio management services, HDFC Bank prioritizes risk management and long-term wealth creation. The keyword "Corporate advisory in India" resonates with HDFC Bank's role in providing strategic counsel to corporations, assisting them in capital structuring, mergers, and acquisitions.

Also Read: Successful Investment Banks in India: From SBICAPS To JM Financial

ICICI Securities

A subsidiary of ICICI Bank, is a prominent player in the Indian securities market, offering a comprehensive range of financial services. Through its research-driven approach, ICICI Securities provides insightful investment recommendations to retail and institutional investors alike. The institution's expertise in equity research and wealth management enables it to navigate market volatility while identifying lucrative investment opportunities. As a merchant banker in India, ICICI Securities facilitates capital raising activities for corporate clients, driving growth and expansion initiatives through innovative financial solutions.

IDBI Capital 

A subsidiary of IDBI Bank, specializes in investment banking, securities trading, and asset management services. With a focus on value investing and risk mitigation, IDBI Capital aims to deliver superior returns to its clients over the long term. The institution's dedicated team of professionals conducts in-depth market analysis to identify undervalued assets and potential investment targets. As a merchant banker, IDBI Capital plays a pivotal role in managing public offerings, private placements, and other capital market transactions, fostering capital formation and economic development in India.

Axis Bank Limited

One of India's largest private sector banks, adopts a diversified approach to investment management, catering to the evolving needs of its customers. Through its subsidiary Axis Capital, the bank offers a wide range of investment banking services, including equity capital markets, debt syndication, and advisory services. Axis Bank's robust risk management framework and extensive industry expertise enable it to deliver value-added solutions to its clients. As a merchant banker and corporate advisor, Axis Bank facilitates corporate restructuring, capital raising, and strategic alliances, driving growth and value creation for its stakeholders.

Also Read: Demystifying Investment Banking in India — A Focus on SBICAPS and Kotak Mahindra Bank

Conclusion 

These institutions are at the forefront of investment management and advisory services in India. Through their distinct strategies and market insights, they play a crucial role in driving capital formation and economic growth. As providers of corporate advisory in India, they facilitate capital flows, guide strategic decision-making, and unlock value for investors and corporations alike. With a focus on innovation, client satisfaction, and long-term wealth creation, these institutions continue to shape the investment landscape and contribute to India's journey towards financial prosperity.

[azukeglobalinvestmentadvisers]

Dont know much about stocks? Enhance your Knowledge about the Basics with Azuke Finance

What is NSE and it’s history The National Stock Exchange (NSE) of India is one of the most prominent stock exchanges in the country and has played a pivotal role in the development of the Indian capital market. In this essay, we will delve into the history and introduction of the NSE, tracing its origins, its growth, and its significant contributions to the Indian financial landscape.

Early in the 1990s, as the Indian government started to implement substantial economic reforms, such as globalization and deregulation, the NSE was founded. These changes attempted to update Indian financial markets and bring them into compliance with international norms. At the time, the Bombay Stock Exchange (BSE) was the main stock exchange in the nation, but it had a number of issues, such as antiquated trading systems and inefficiencies. On November 3, 1992, the NSE was established in response to the demand for a cutting-edge, electronic, and open stock exchange. The Industrial Development Bank of India (IDBI), Industrial Credit and Investment Corporation of India (ICICI), and Industrial Finance Corporation of India (IFCI) were among the eminent banks and financial institutions that formed it. In accordance with the Securities Contracts (Regulation) Act of 1956, the Government of India granted recognition to NSE in April 1993.

The National Stock Exchange was founded primarily to offer a more effective and transparent venue for trading equities. The NSE was a success for a number of reasons, and its establishment was a turning point in the development of the Indian stock market.

Advancements seen through the years Electronic trading was one of the NSE's major innovations. With the adoption of a fully automated electronic trading system by the NSE, physical trading floors and paper-based transactions were unnecessary. This action increased the Indian stock market's efficiency, accuracy, and transparency to a new level. In India, the dematerialization of securities was largely facilitated by the NSE. In order to eliminate the hazards related to holding assets in physical form, it collaborated with the National assets Depository Limited (NSDL) to allow investors to keep securities in electronic form. The NSE put in place advanced mechanisms for managing risks, including as market-wide risk management, online monitoring, and real-time monitoring. Defaults and market manipulation were thus less likely. The NSE has widened its selection of products over the years to include stock derivatives, debt instruments, and currency derivatives. New financial instruments gave investors a variety of options on how to manage their investments. Governance and openness: The NSE was established on the tenets of good governance and openness. For the purpose of ensuring honest and moral trading practices, it developed strict market laws, listing standards, and disclosure guidelines. The NSE introduced a number of market indices, the most well-known of which being the Nifty 50. These indices serve as a standard for measuring market performance and are closely watched by investors both in India and around the world. Widespread Network: A large network of brokers and investors from all over the country can access the NSE's electronic trading system. This made it easier for investors from all locations to access the stock market, which contributed to the democratization of stock market participation. The NSE implemented worldwide best practices in trading, clearing, and settlement systems in an effort to connect itself with international markets. Additionally, it drew institutional investors from abroad, encouraging international investment in Indian markets. To improve financial literacy and inform investors on the risks and workings of the stock market, the NSE launched a number of educational programs and investor awareness campaigns.

[sunnovativesolar445]

How to avail solar energy loan for my residential plant?

The Government of India is encouraging the adoption of solar energy by every Indian. To promote convenient adoption and use of solar energy, public sector banks & private banks have been given statutory instruction by the Ministry of Finance to offer loans at reasonable cost as per Government of India & Reserve Bank of India Instructions to Public Sector Unit Banks & Private Banks on financing.

The financing of solar PV projects is typically arranged by the developer or sponsor. It comprises two parts: an equity investment and project financing to cover the debt portion.

Indian Solar Funding Methods

Solar energy is free, however building a MW solar plant costs a lot of money. One of the biggest challenges for those who are interested in MW solar plants is finding alternative financing. It is essential to choose a solar financing option that works for your business. The average price per MW to set up a plant is roughly 6 Crores. Equity makes about 30% of this, with loan funding covering the remaining 70%. Equity is only a colloquial term for capital obtained from your own assets or those of other investors. Debt financing is frequently available with recourse, meaning the investor must offer a piece of property as security for the loan he wishes to acquire. 

As follows, each of these funding options is covered:

Local Financing (Essentially From Banks)

In 2015, Indian banks offered loans at interest rates between 11 and 13 percent; non-banking financial corporations (NBFCs) could have offered loans with slightly higher rates. Lower interest rates (10.2-11.4%) are offered by IREDA, the renewable energy finance arm of the Indian government. The amount of collateral needed to qualify may range from 20% for organizations like IREDA to 100% for some banks. Domestic loans are typically granted for a period of 7 to 10 years, however several Indian banks are today willing to extend their loan terms to 15 years.

Banks in India

Several public and private sector banks, including State Bank of India (SBI), ICICI, Yes Bank, Axis Bank, and others have offered finance for different kinds of solar projects. SBI would be funding the largest capabilities of 15,000 MW among public sector banks at a cost of Rs. 75,000 crore, followed by IDBI bank, according to a public announcement by the Indian government in March 2016. (3,000 MW). Plans totaling 31,649 MW will be financed by the 24 public sector banks.

NBFCs (non-banking financial institutions)

A few of the well-known NBFCs engaged in solar project loan financing are:

Infrastructure funds: Taurus Infrastructure Fund, SBI Macquarie, and Infrastructure Leasing & Financial Services Ltd (IL&FS).

Rural Electrification Corporation (REC) and Power Finance Corporation provide dedicated finance for the electricity industry (PFC)

Investment banks include BNP Paribas, SBI Capital Markets, and Larsen & Toubro Finance.

Indian Agency for Development of Renewable Energy (IREDA)

IREDA is a non-banking financial institution that the Ministry of New and Renewable Energy (MNRE) has administrative jurisdiction over and that provides term loans for thermal energy efficiency and renewable energy projects.

[15] Up to 75% of the cost of the solar project endeavor is financed by IREDA. In light of the risk assessment, IREDA performs credit ratings for all grid-related projects and assigns grades in a band of four (I, II, III, and IV).

Required Documents to Avail the Loan: 

ID and Address Proof

PAN Card

Existing Track Record (If available)

Assets & Liabilities Statement & Supporting Documents

Non-encumbrance & Title Report

Valuation Report

Proof of Income

Quotation of Solar Rooftop

Hypothecation of Equipment

Equitable mortgage/ Extension of Equitable

Copy of Insurance with Bank’s clause

Personal Guarantee by the Guarantor

What is the pricing of Solar Panels in India?

Solar panels cost, on average, about Rs. 40,000, or between 36,000 to 44,000 depending on the type and model. While solar panels can help save you money on energy costs, it’s important to know the overall startup solar panel costs so you can plan a budget.

Average Cost of 1kW Solar Panels Average CostRs. 44,000Lowest CostRs. 32,000Highest CostRs. 50,000

What are the advantages of the subsidy for solar panels?

Using an Indian government solar subsidy provides a number of advantages. Here are a few examples:

It costs a lot of money to set up a solar system. In such circumstances, the solar subsidies offer financial assistance and relieve your load.

Depending on how many kW of electricity the solar system is expected to produce, different amounts are provided by the government. For example, the solar panel subsidy is 40% of the whole cost for solar panels up to 3kW, and 20% for solar panels between 4kW and 10kW. You select the subsidy based on your needs.

Use the subsidies to build your rooftop solar system. On the yearly electricity bills, you can receive an additional incentive of Rs. 1 per unit for the total solar power you produce.

Nevertheless, the business sector is not eligible for these incentives; only residential properties are. Only grid-connected solar systems, or systems without batteries, are eligible for it.

Gains from a Solar Loan

Your EMI is funded by the monthly electricity savings

Depending on the length of your loan, you may have to make monthly payments on a solar loan, just as you would for a home or vehicle loan. Yet you won’t pay more as a result of this. You can pay off the EMIs with the money you save on power bills thanks to your solar system.

Moreover, even after the loan is repaid, you will continue to save each month because solar panels virtually ever need maintenance. With that money, you may make more money by investing in attractive financial strategies like mutual funds, etc.

2. Purchasing a Fixed Asset

Loans are an obligation. With a solar loan, though, you’ll be making an investment in a fixed asset. A solar system will be with you for more than 25 years and will provide you a great return on your investment.

Whenever the debt is repaid in 4-5 years or fewer, this asset will be totally free.

3. Lowers electricity costs

The main advantage of switching to solar power is that you will be the one creating the electricity. You will be less reliant on the grid as a result. Also, you may sell the extra energy you create back to the utility company through net metering. Your power bill will be changed to reflect this new amount, which will result in a large decrease.

Also, the cost of electricity is always going up. You will pay the EMIs with the initial power savings. Yet after that, your fully purchased system will serve as a safeguard against any further price increases.

4. Make the switch to green energy

The switch to solar energy is a chance to lower our carbon emissions because it is a scalable, regional, and clean energy source.

You won’t need to put off beginning your transition to green energy with a loan. From the very first day, you can start assisting with the objective of a greener India.

Becoming an Excellent Example for Your Kids

Future generations must understand how we can all work to safeguard the environment. Children today are taught about climate change in classrooms for this reason.

Your kids may learn how to care for the environment more responsibly and the value of investing in renewable energy by having a solar system at home.

How to Apply for a Solar Loan

The procedure is as easy as applying for a vehicle loan.

You must submit to us an application for the financing and a plan for your solar power plant. Also, you will need to provide us with some basic paperwork, including your utility bills for the last six months. Before beginning the process, HDFC Bank will evaluate your eligibility and credit report.

HDFC Bank would pay up to 75% of the total cost of the solar plant after the loan is authorised. The client will make a down payment of 25%.

An Equated Monthly Installment (EMI) will be chosen based on the loan’s maturity length. The total amount due plus the interest incurred are included in this EMI. The compensation would be less if the tenure was longer.

We advise picking a shorter tenure since it results in higher savings even if the selection might be based on your ability to pay.

[ases3]

Top Banks with the highest NPAs

The non-performing assets (NPAs) are a decisive factor in determining the financial burdens of private and public sector banks. As per the statistical report of the December 2021 quarter, the PSU banks are suffering more than the private ones.

As per https://timesofindia.indiatimes.com/business/india-business/gross-npas-of-public-sector-banks-double-in-last-seven-years-sbi-tops-list/articleshow/88316357.cms, The gross non-performing assets (NPAs) of public sector bank (PSBs) have doubled in the last seven years to Rs 5.40 lakh crore in 2021 from Rs 2.24 lakh crore in 2014.

The biggest names with NPAs on this list of public sector banks (PSBs) are the State Bank of India (SBI), Bank of Baroda (BoB), Bank of India (BOI), and Punjab National Bank (PNB).

All these PSUs are willing to e-auction to retrieve capital from the market as much as possible.

As per https://www.thehindubusinessline.com/money-and-banking/18-psbs-among-top-20-banks-with-highest-gross-npa-ratios-care-ratings/article64277335.ece,

IDBI Bank (with gross NPA ratio of 24.11 per cent of gross advances) and Indian Overseas Bank (23.6 per cent) have NPA ratios of over 20 per cent. Among PSBs, Indian Bank has the lowest GNPA ratio of 7.21 per cent, the credit rating agency said.

Eight PSBs banks — IDBI Bank, Indian Overseas Bank, UCO Bank, Bank of Maharashtra, Central Bank of India, Dena Bank, United Bank of India, and Corporation Bank — had a GNPA ratio of over 15 per cent as of June 2017.

YES Bank is the only bank in the sample of 38 banks with a GNPA ratio of less than 1.

State Bank of India (SBI) accounted for the largest share of about 22.7 per cent (or ₹1,88,068 crore) in the total NPAs of 38 banks (aggregating ₹8,29,338 crore) as of June-end 2017.

“The highest amount of gross NPAs held by the country's largest lender SBI amounts Rs. 2.01 trillion which is equal to 24.39% of the gross NPAs. Other Public Sector Banks include; Punjab National Bank (PNB) holds Rs. 552 billion and IDBI Bank has Rs. 445 billion.”

Bank Name - Gross NPA

1. State Bank of India - Rs. 2.01 trillion

2. Punjab National Bank - Rs. 552 billion

3. IDBI Bank - Rs. 445 billion

4. Bank of India - Rs.434 billion

5. Bank of Baroda - Rs. 416 billion

6. Union Bank of India - Rs. 380 billion

7. Canara Bank - Rs. 377 billion

8. Central Bank of India - Rs. 324 billion

9. Indian Overseas Bank- Rs. 317 billion

10. UCO Bank - Rs. 243 billion

11. Allahabad Bank - Rs. 231 billion

12. Andhra Bank- Rs. 215 billion

13. Corporation Bank - Rs. 218 billion

Let us discuss the List of top PSUs with the highest NPAs

1.         State Bank of India: The highest gross NPAs

In seven years, the NPA of SBI has increased from Rs 74,842 Crore in June 2014 to Rs 1.21 Lakh crore in September 2021. A significant growth in the NPA volume has left the financial core of this branch dwindling.

2.         Punjab National Bank

This bank has been suffering since it has written off many bad loans. From June 2014 to September 2021, its gross NPA increased from Rs 32,416 Crore to Rs 98,484 crore. There is almost a 300% increase in gross NPA, which is quite an alarming situation for the bank.

3.         Canara Bank

Third on the list, the gross NPA of Canara bank has increased from Rs 12,647 Crore to Rs 52,494 crore in these seven years.

4.         Bank of Baroda

This PSU has also witnessed a massive increase in gross NPA from Rs 15,879 to Rs 46,382 crore from June 2014 to September 2021.

5.         Bank of India

Another name on this list, the Bank of India, is also dwindling in financial burden due to a significant increase in gross NPA from Rs 11,160 to Rs 40,915 crore.

6.         Union Bank of India

This PSB has witnessed a significant growth of NPA from Rs 22,199 crore to Rs 77,781 crore within this period.

Many other PSBs have been suffering from the accumulation of NPAs over the years. The current amalgamation of the banks and the cumulative amount of NPAs resulted in a downfall of the current economic condition. The gross NPA of the PSBs summed up to Rs 540,442 crore in September 2021. It was Rs 224,542 Crore in June 2014. Hence, the figure has doubled in just seven years.

 Current scenario of PSBs in recovering NPAs

Due to the continuous accumulation of the NPAs, the PSBs are willing to participate in a bank of India e-auction to recover the bad loans quickly. The advent of e-auction portals has been a boon for these banks.

Bidders from all over the country qualify and register in these e-auction portals to participate in a bidding process, get their hands on these assets, and enjoy an excellent bank offer. On the other hand, banks are witnessing faster capital recovery from these NPAs online. Hence, this is the right time to invest in such assets from authentic sources.

Visit Auction Bazaar to get the details of bank-promoted properties auctioned or to get the details of funding of NPA smoothly from NBFC/FI's/Banks.

About the author 

Explore and buy the latest bank auction properties with Auction Bazaar. The most transparent way to find and bid for the auction properties listed by banks and financial institutions. Contact them for More Information!

[bestcompanyinpune]

Top Banks with the highest NPAs

The non-performing assets (NPAs) are a decisive factor in determining the financial burdens of private and public sector banks. As per the statistical report of the December 2021 quarter, the PSU banks are suffering more than the private ones.

As per https://timesofindia.indiatimes.com/business/india-business/gross-npas-of-public-sector-banks-double-in-last-seven-years-sbi-tops-list/articleshow/88316357.cms, The gross non-performing assets (NPAs) of public sector bank (PSBs) have doubled in the last seven years to Rs 5.40 lakh crore in 2021 from Rs 2.24 lakh crore in 2014.

The biggest names with NPAs on this list of public sector banks (PSBs) are the State Bank of India (SBI), Bank of Baroda (BoB), Bank of India (BOI), and Punjab National Bank (PNB).

All these PSUs are willing to e-auctionto retrieve capital from the market as much as possible.

As per https://www.thehindubusinessline.com/money-and-banking/18-psbs-among-top-20-banks-with-highest-gross-npa-ratios-care-ratings/article64277335.ece,

IDBI Bank (with gross NPA ratio of 24.11 per cent of gross advances) and Indian Overseas Bank (23.6 per cent) have NPA ratios of over 20 per cent. Among PSBs, Indian Bank has the lowest GNPA ratio of 7.21 per cent, the credit rating agency said.

Eight PSBs banks — IDBI Bank, Indian Overseas Bank, UCO Bank, Bank of Maharashtra, Central Bank of India, Dena Bank, United Bank of India, and Corporation Bank — had a GNPA ratio of over 15 per cent as of June 2017.

YES Bank is the only bank in the sample of 38 banks with a GNPA ratio of less than 1.

State Bank of India (SBI) accounted for the largest share of about 22.7 per cent (or ₹1,88,068 crore) in the total NPAs of 38 banks (aggregating ₹8,29,338 crore) as of June-end 2017.

“The highest amount of gross NPAs held by the country's largest lender SBI amounts Rs. 2.01 trillion which is equal to 24.39% of the gross NPAs. Other Public Sector Banks include; Punjab National Bank (PNB) holds Rs. 552 billion and IDBI Bank has Rs. 445 billion.”

Bank Name 

Gross NPA

 1. State Bank of India

 Rs. 2.01 trillion

2. Punjab National Bank

 Rs. 552 billion

3. IDBI Bank

 Rs. 445 billion

4. Bank of India

 Rs.434 billion

5. Bank of Baroda  

 Rs. 416 billion

6. Union Bank of India

 Rs. 380 billion

7. Canara Bank

 Rs. 377 billion

8. Central Bank of India

 Rs. 324 billion

9. Indian Overseas Bank

 Rs. 317 billion

10. UCO Bank

 Rs. 243 billion

11. Allahabad Bank  

 Rs. 231 billion

12. Andhra Bank

 Rs. 215 billion

13. Corporation Bank

 Rs. 218 billion

Image Source: List of Public Sector Banks which have highest share in NPA

Let us discuss the List of top PSUs with the highest NPAs

1.         State Bank of India: The highest gross NPAs

In seven years, the NPA of SBI has increased from Rs 74,842 Crore in June 2014 to Rs 1.21 Lakh crore in September 2021. A significant growth in the NPA volume has left the financial core of this branch dwindling.

2.         Punjab National Bank

This bank has been suffering since it has written off many bad loans. From June 2014 to September 2021, its gross NPA increased from Rs 32,416 Crore to Rs 98,484 crore. There is almost a 300% increase in gross NPA, which is quite an alarming situation for the bank.

3.         Canara Bank

Third on the list, the gross NPA of Canara bank has increased from Rs 12,647 Crore to Rs 52,494 crore in these seven years.

4.         Bank of Baroda

This PSU has also witnessed a massive increase in gross NPA from Rs 15,879 to Rs 46,382 crore from June 2014 to September 2021.

5.         Bank of India

Another name on this list, the Bank of India, is also dwindling in financial burden due to a significant increase in gross NPA from Rs 11,160 to Rs 40,915 crore.

6.         Union Bank of India

This PSB has witnessed a significant growth of NPA from Rs 22,199 crore to Rs 77,781 crore within this period.

Many other PSBs have been suffering from the accumulation of NPAs over the years. The current amalgamation of the banks and the cumulative amount of NPAs resulted in a downfall of the current economic condition. The gross NPA of the PSBs summed up to Rs 540,442 crore in September 2021. It was Rs 224,542 Crore in June 2014. Hence, the figure has doubled in just seven years.

Current scenario of PSBs in recovering NPAs

Due to the continuous accumulation of the NPAs, the PSBs are willing to participate in a bank of India e-auction to recover the bad loans quickly. The advent of e-auction portals has been a boon for these banks.

Bidders from all over the country qualify and register in these e-auction portals to participate in a bidding process, get their hands on these assets, and enjoy an excellent bank offer. On the other hand, banks are witnessing faster capital recovery from these NPAs online. Hence, this is the right time to invest in such assets from authentic sources.

Visit Auction Bazaar to get the details of bank-promoted properties auctioned or to get the details of funding of NPA smoothly from NBFC/FI's/Banks.

[vilaspatelvlogs]

5 जनवरी को प्रेजेंटेशन: RVNL के ऑफर फॉर सेल इश्यू का मर्चेंट बैंकर बनना चाहती हैं एलारा कैपिटल और IDBI कैपिटल मार्केट्स

5 जनवरी को प्रेजेंटेशन: RVNL के ऑफर फॉर सेल इश्यू का मर्चेंट बैंकर बनना चाहती हैं एलारा कैपिटल और IDBI कैपिटल मार्केट्स

Hindi News Business Elara Capital And IDBI Capital Markets Want To Be Merchant Bankers Of RVNL’s Offer For Sale Ads से है परेशान? बिना Ads खबरों के लिए इनस्टॉल करें दैनिक भास्कर ऐप 6 घंटे पहले कॉपी लिंक सरकार को इश्यू कब लाना चाहिए, उसका तौर-तरीका क्या हो सकता है, बेस्ट रिटर्न कैसे मिलेगा, इन सबके बारे में मर्चेंट बैंकर सलाह देगा मर्चेंट बैंकर को कंपनी के ऑफर फॉर सेल के लिए मार्केट सर्वे,…

[nickyysharmi]

Key Investment Banks in India for 2024 From Barclays To SBI CAPS

The financial landscape of India in 2024 is witnessing dynamic shifts and relentless competition among players aiming for prominence. Investment banks, the backbone of economic growth and development, are at the forefront of this evolution. In this comprehensive analysis, we delve deep into the top investment banks in India for 2024, highlighting their strategies, performance, and contributions to the financial ecosystem. Among the standout names are SBI Capital Markets Limited (SBI CAPS), HDFC Bank, IDBI Bank, Barclays, and JM Financial, each bringing unique strengths and innovations to the table.

SBI Capital Markets Limited (SBI CAPS):

As a subsidiary of India's largest public sector bank, the State Bank of India, SBI CAPS boasts a rich legacy and unparalleled credibility. In 2024, its dominance in the investment banking arena is unquestionable, thanks to its robust deal-making prowess and profound understanding of Indian market dynamics. The strategic alliances forged with leading corporates and government bodies further solidify its position, enabling SBI CAPS to orchestrate landmark transactions and infrastructural projects. As India charts its path to economic resurgence post-pandemic, SBI CAPS remains a steadfast driver of capital inflows and investor confidence.

SBI CAPS has been a key player in shaping India's financial landscape, offering a comprehensive suite of financial services including equity capital markets, debt capital markets, mergers and acquisitions, and project advisory. Its extensive network and credibility derived from its parent entity, the State Bank of India, have positioned it as a powerhouse in the Indian investment banking sector. Leveraging its deep-rooted understanding of the Indian market and robust deal-making capabilities, SBI CAPS will continue to dominate the investment banking landscape in 2024.

The year 2024 sees SBI CAPS continuing its strategic tie-ups with leading corporates and government bodies, bolstering its position further. These partnerships enable SBI CAPS to spearhead landmark transactions and infrastructural projects, contributing significantly to India's economic growth. As the country embarks on ambitious initiatives to revive its economy post-pandemic, SBI CAPS remains at the forefront, driving capital inflows and fostering investor confidence. Its unwavering commitment to client success and innovative strategies solidify its position as one of the top investment banks in India for 2024.

Also Read: The Psychology of Money: How Emotions Influence Financial Decisions

Barclays:

As a global financial services provider with a legacy spanning over three centuries, Barclays brings unparalleled expertise and a global perspective to the Indian investment banking landscape. In 2024, Barclays distinguishes itself through its advisory prowess and sophisticated product offerings. By seamlessly integrating technology and human capital, Barclays delivers bespoke solutions tailored to the unique needs of its clientele. Whether navigating complex mergers and acquisitions or structuring debt transactions, Barclays remains a trusted advisor, guiding clients through market uncertainties and unlocking value in a rapidly evolving ecosystem.

Barclays' presence in the Indian investment banking landscape is marked by its advisory prowess and sophisticated product offerings. With a legacy dating back over three centuries, Barclays brings unparalleled expertise and a global perspective to its clientele. In 2024, the bank distinguishes itself by seamlessly integrating technology and human capital, delivering bespoke solutions tailored to the unique needs of its clients. Whether navigating complex mergers and acquisitions or structuring debt transactions, Barclays remains a trusted advisor, guiding clients through market uncertainties and unlocking value in a rapidly evolving ecosystem.

The year 2024 sees Barclays continuing to leverage its global expertise and local insights to deliver innovative solutions to its clients in India. By staying abreast of market trends and leveraging cutting-edge technologies, Barclays remains at the forefront of the investment banking landscape, driving value creation and fostering long-term relationships. As India's economy continues to evolve, Barclays stands ready to support its clients in navigating the complexities of the financial landscape and achieving their strategic objectives.

HDFC Bank:

Renowned for its prudent risk management practices and customer-centric approach, HDFC Bank has established itself as a premier player in India's investment banking sphere. Offering a comprehensive suite of services tailored to diverse client needs, HDFC Bank's investment banking arm encompasses equity research, advisory services, debt syndication, and structured finance. Despite market volatility and regulatory changes in 2024, HDFC Bank stands resilient, leveraging its strong balance sheet and innovative product offerings to attract investors and foster strategic collaborations. With a keen focus on technological innovation, HDFC Bank is well-positioned to capitalize on emerging opportunities and navigate the complexities of the evolving financial landscape.

HDFC Bank's success in the investment banking space can be attributed to its robust infrastructure, prudent risk management practices, and customer-centric approach. The bank offers a wide array of investment banking services tailored to meet the diverse needs of clients, ranging from equity research and advisory to debt syndication and structured finance. In 2024, HDFC Bank continues to stand out for its resilience amidst market volatility and regulatory changes. Its strong balance sheet and innovative product offerings attract investors and corporates, paving the way for strategic collaborations and value-enhancing transactions.

The year 2024 witnesses HDFC Bank's steadfast focus on technological innovation and digital transformation, further strengthening its position in the investment banking landscape. By embracing cutting-edge technologies, HDFC Bank enhances efficiency, improves customer experience, and unlocks new avenues for growth. With its unwavering commitment to excellence and innovation, HDFC Bank remains a formidable force in India's investment banking sector, poised to capitalize on emerging opportunities and drive sustainable growth.

Also Read: Investment Banks and Economic Growth: Understanding Their Impact and Influence

JM Financial:

Headquartered in Mumbai, JM Financial is a diversified financial services group renowned for its excellence in the Indian investment banking space. With a multi-disciplinary approach and a client-centric ethos, JM Financial offers a comprehensive suite of services encompassing investment banking, asset management, wealth management, and securities trading. In 2024, JM Financial thrives on its agility and adaptability, navigating market dynamics with finesse and foresight

. Its deep industry knowledge and extensive network enable JM Financial to identify and capitalize on emerging trends, driving value for its stakeholders.

JM Financial's prominence in the investment banking space is underpinned by its agility, adaptability, and client-centric approach. The diversified financial services group offers a comprehensive suite of services, including investment banking, asset management, wealth management, and securities trading. In 2024, JM Financial continues to thrive on its agility and adaptability, leveraging its deep industry knowledge and extensive network to identify and capitalize on emerging trends.

The year 2024 sees JM Financial remaining committed to its client-centric ethos, driving value for its stakeholders through innovative solutions and strategic insights. As India's economy continues to evolve, JM Financial emerges as a trusted partner, empowering its clients to achieve their financial objectives in a rapidly changing landscape. With its unwavering commitment to excellence and innovation, JM Financial solidifies its position as a leading player in India's investment banking sector, poised to capitalize on emerging opportunities and drive sustainable growth.

IDBI Bank:

IDBI Bank, a stalwart in India's public sector banking domain, extends its influence in the investment banking realm through its subsidiary, IDBI Capital Markets & Securities Ltd. Backed by a legacy of trust and reliability, IDBI Capital offers a comprehensive suite of services spanning equity capital markets, debt syndication, mergers and acquisitions, and advisory services. In 2024, IDBI Capital continues to harness its expertise and market insights to drive value across diverse sectors. Its proactive approach to deal origination and execution, coupled with an extensive distribution network, positions IDBI Capital as a key facilitator of India's ambitious growth initiatives, including infrastructure development and digital transformation.

IDBI Bank's presence in the investment banking domain is bolstered by its subsidiary, IDBI Capital Markets & Securities Ltd. The subsidiary offers a comprehensive range of investment banking services, including equity capital markets, debt syndication, mergers and acquisitions, and advisory services. Backed by a legacy of trust and reliability, IDBI Capital leverages its expertise and market insights to drive value for its clients across diverse sectors. In 2024, the subsidiary continues to play a pivotal role in facilitating India's growth initiatives, including infrastructure development and digital transformation.

The year 2024 sees IDBI Capital maintaining its proactive approach to deal origination and execution, enabling it to capture lucrative opportunities and foster long-term relationships. Its extensive distribution network further strengthens its position, facilitating capital flows and catalyzing economic progress. As India embarks on ambitious growth initiatives, IDBI Capital emerges as a key enabler, driving value creation and fostering sustainable development.

Also Read: The Future of Banking: Innovations Reshaping the Industry

Conclusion:

In the world of Indian investment banking in 2024, resilience, innovation, and commitment to excellence define the top players. SBI CAPS, HDFC Bank, IDBI Bank, Barclays, and JM Financial emerge as beacons of stability and reliability, driving growth and prosperity in India and beyond. As the country embarks on a trajectory of sustainable growth and development, these investment banks are poised to play a pivotal role in shaping the future of finance, capitalizing on opportunities, and navigating challenges with expertise and dedication. With their extensive expertise, robust infrastructure, and unwavering dedication to client success, these top investment banks are well-equipped to navigate the challenges and seize the opportunities that lie ahead. As investors and corporates seek trusted partners to navigate the complexities of the financial landscape, these banks emerge as beacons of stability and reliability, driving growth and prosperity in India and beyond.

[indiarightnow]

Avenue Supermarts gains 5% to hit all-time high; stock surges 16% in 6 days

Avenue Supermarts gains 5% to hit all-time high; stock surges 16% in 6 days

Shares of Avenue Supermarts, which runs the DMart chain of stores in the country, hit an all-time high of Rs 2,643, up 5 per cent on the BSE in intra-day trade on Tuesday. The stock surpassed its previous high of Rs 2,559, touched on February 13, 2020. During the six trading days of December, the stock has rallied 16 per cent, as compared to a 3 per cent gain in the S&P BSE Sensex. Avenue…

[wowhealthfitness20]

Axis Bank share price: Brokerages bullish on Axis Bank post Q2 results Most brokerages have raised target prices on Axis Bank by 5-20% after the lender's September quarter results exceeded Street estimates.

[studynotesexpert]

Product and Services by Top Development Bank (IDBI, ICICI, IDFC)

India is a land of diverse cultures and traditions, but amidst all this range, one consistent component. Strong awareness of economic improvement. To fuel this growth, India has several improvement banks that offer financial assistance to diverse sectors. These top development banks play an important function in the economic growth of the USA by offering funding and technical support to organizations, industries, and infrastructure initiatives. Top Development Banks in India 1. IDBI (Industrial Development Bank of India) It was established on July 1, 1964 under an Act of Parliament as a completely owned subsidiary of the reserve financial institution of India. On sixteen February 1976, the ownership of IDBI became transferred to the government of India, and it was made the essential economic group for coordinating the sports of institutions engaged in financing, promoting, and growing enterprises in the United states. Product and Services Offered by IDBI IDBI offers a suite of products in the capital market segment are the following:- 1. Stockbrokers Stock broking services help to transfer funds and securities across their locations, which in turn enhance fund management and hay-in hay-out capabilities especially needed in today's rotting settlement scenario. 2. Clearing Bank IDBI is a clearing Bank in the equity and derivative segments with the national stock exchange (NSE). This service is extended to members of NSE, and the following value-added services are available to them:- - Anywhere banking - Pay order/draft on IDBI - Net banking - Mobile banking - Phone banking in 17 locations - Attractive interest for loan against shares - Attractive transaction charges. 3. Bank Guarantee IDBI provides bank guarantee to the National Stock Exchange (NSE) on behalf of member brokers to meet their security deposit base capital and margin requirements. IDBI reserves the discretion of issuing such guarantees, which are processed by the bank credit term. 4. Read the full article