ACEN guarantees $320-m loan of unit from PNB, RCBC

ACEN Corp. said Monday said it issued corporate guarantees to Philippine National Bank and Rizal Commercial Banking Corp. which lent $320 million to ACEN Cayman, one of its international units.

ACEN said in a disclosure to the Philippine Stock Exchange it issued corporate guarantees in support of ACEN Cayman to PNB for $140 million and RCBC for $180 million on Jan. 12, 2024.

“This loan obtained by ACEN Cayman shall be used to redeem the redeemable preferred shares held by AC Energy Finance International Limited [ACEFIL] in ACEN Cayman; the proceeds will in turn be used by ACEFIL to redeem its maturing green bonds,” the company said.

ACEN, the listed energy platform of the…
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Source: https://manilastandard.net/business/314407556/acen-guarantees-320-m-loan-of-unit-from-pnb-rcbc.html

IDFC First Bank share price Today Live Updates : IDFC First Bank closed

IDFC First Bank Stock Price TodayIDFC First Bank Share Price Today : On the last day of trading, IDFC First Bank had an opening price of ₹87.49 and a closing price of ₹86.62. The highest price reached during the day was ₹87.95, while the lowest price was ₹86. The market capitalization of the bank is currently at ₹61,608.51 crore. The 52-week high for the bank’s stock is ₹100.74, while the 52-week low is ₹52.11. The BSE volume for the day was 2,314,390 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/idfc-first-bank-share-price-live-blog-for-15-jan-2024-151705286875334

Canara Bank nod for MF arm’s listing

NEW DELHI: Bengaluru-based public sector lender Canara Bank has said its board has given in-principle approval to initiate the process of listing its mutual fund subsidiary Canara Robeco Asset Management Company in the stock exchanges by way of Initial Public Offer (IPO).“The modalities of listing will be decided in due course. The bank will make further announcements of all material developments with regard to the same, as and when required, as per applicable regulations,” the bank said in a regulatory filing.Canara Robeco Asset Management Company is the 15th largest mutual fund house in the country with total asset under management of Rs 74,916 crore. The AMC made Rs 79 crore…
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Source: https://www.newindianexpress.com/amp/story/business/2023/Dec/28/canara-bank-nod-for-mf-arms-listing-2645646.html

IDBI Bank share price Today Live Updates : IDBI Bank sees gains in trading today

On the last day, IDBI Bank opened at ₹60.68 and closed at ₹60.41. The stock had a high of ₹61.85 and a low of ₹60.25. The market capitalization of IDBI Bank is ₹65,213.32 crore. The 52-week high for the stock is ₹74.75 and the 52-week low is ₹42.88. The BSE volume for IDBI Bank was 712,598 shares.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

24 Nov 2023, 12:34 PM IST
IDBI Bank share price live: Stock Peers

24 Nov 2023, 12:26 PM IST
IDBI Bank share price Live :IDBI Bank trading at ₹60.89, up 0.4%…
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Source: https://www.livemint.com/market/live-blog/idbi-bank-share-price-live-blog-for-24-nov-2023/amp-11700793791456.html

Three Likely Contenders As India May Get First $1 Trillion Stock By 2032: ICICI Securities

India could have its first stock with a market of $1 trillion by 2032, according to ICICI Securities, and there are three contenders: HDFC Bank Ltd., Reliance Industries Ltd. and Bajaj Finance Ltd.The first company to breach the market cap of $1 trillion would be on the back of peak corporate profitability of 7% and gradual advancement towards peak GDP growth of 9%.Other key assumptions, according to the brokerage firm, include the “ratio of the largest stock’s market cap to aggregate market cap sustaining at a long-term average of 5-6% and no re-rating in P/E ratios from current levels.”.ICICI Securities, in its note issued on Jan. 13, also said that 30–40 stocks with a $100…
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Source: https://www.ndtvprofit.com/amp/markets/three-likely-contenders-as-india-may-get-first-1-trillion-stock-by-2032-icici-securities

Land yet to be allotted for memorial hall for Pattabhi Sitaramayya: Machilipatnam MP

Machilipatnam MP Vallabhaneni Balashowry has lamented that land has not been allotted for the memorial hall for freedom fighter and Andhra Bank founder Pattabhi Sitaramayya. Remembering that it was at Machilipatnam where Pattabhi Sitaramayya had set up the bank in 1923, Mr. Balashowry asked the municipal corporation officials to ensure that the hall was built immediately. The MP was speaking at a review meeting organised by the Krishna District Development and Coordination Monitoring Committee in Machilipatnam on October 26 (Thursday). Mr. Balashowry, who is also the committee chairman, asked agricultural officials to ensure that all tenant farmers got Crop Cultivator Rights Cards…
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Source: https://www.thehindu.com/news/national/andhra-pradesh/land-yet-to-be-allotted-for-memorial-hall-for-pattabhi-sitaramayya-machilipatnam-mp/article67462485.ece/amp/

Bandhan Bank share price Today Live Updates : Bandhan Bank closed today

Bandhan Bank Stock Price TodayBandhan Bank Share Price Today : Bandhan Bank’s stock opened at ₹235 and closed at ₹232.75 on the last trading day. The stock reached a high of ₹235.8 and a low of ₹229.55. The market capitalization of the bank is ₹37,066.98 crore. The 52-week high of the stock is ₹272 and the 52-week low is ₹182.2. The stock had a trading volume of 333,764 shares on the BSE.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/bandhan-bank-share-price-live-blog-for-15-jan-2024-151705287584726

IndusInd Bank Q3 Net Profit seen up 24.4% YoY to Rs. 2,442.2 cr: Emkay

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Emkay has come out with its third quarter (October – December’ 24) earnings estimates for the Banking sector. The brokerage house expects IndusInd Bank to report net profitat Rs. 2,442.2 crore up 24.4% year-on-year (up 10.9% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 17.4 percent Y-o-Y (up 4 percent Q-o-Q) to Rs. 5,278.2 crore, according to Emkay.

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Pre Provision Operating Profit (PPOP) is likely to rise by 26.9% Y-o-Y (up 19.7…
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Source: https://www.moneycontrol.com/news/business/indusind-bank-q3-net-profit-seen-up-24-4-yoy-to-rs-2442-2-cr-emkay-12055631.html/amp

Karur Vysya Bank share price Today Live Updates : Karur Vysya Bank closed

Karur Vysya Bank Stock Price TodayKarur Vysya Bank Share Price Today : On the last day, Karur Vysya Bank had an open price of ₹168.4 and closed at ₹168.1. The highest price for the day was ₹170.05, while the lowest price was ₹167.5. The market capitalization of the bank is currently at ₹13,569.55 crore. The 52-week high for the stock is ₹172, and the 52-week low is ₹92.8. The trading volume on the BSE was 123,633 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/karur-vysya-bank-share-price-live-blog-for-15-jan-2024-151705288172381

RBI seeks feedback on fintech SRO framework by February – Banking & Finance News

The Reserve Bank of India (RBI) on Monday called upon fintech companies to build a consensus around the membership criteria of the proposed self-regulatory organisation (SRO) and whether the sector should have a singular or multiple SROs. The central bank has issued draft guidelines on fintech SRO and has sought public feedback by February.

“Since most entities in the fintech sector are not directly regulated at present, the industry needs to answer the question of how an SRO would create incentives for membership,” the RBI said. Whether the recognised SRO comprises only of members who are unregulated, or in combination with those who are regulated “even for a part of their…
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Source: https://www.financialexpress.com/business/banking-finance-rbi-seeks-feedback-on-fintech-sro-framework-by-february-3365466/lite/