SpiceJet, Bank of Baroda, HCL Tech among stocks to watch out for on July 12

2021 was a nightmare for many banks and pharmaceutical stocks; RBL Bank, Bandhan Bank, Strides Pharma saw sharp losses this year

These chemical, pharma, infrastructure, bank stocks fell more than 15% in the last one month

<ul><li><keyword id="45660" type="General" weightage="20" keywordseo="yes-bank" source="Orion">Yes Bank</keyword> is open to acquisitions after its turnaround is complete and may acquire a microfinance institution to build its portfolio of high yielding assets. </li><li>Yes Bank is no longer a candidate for any acquisition and will evaluate inorganic opportunities only if they add value. </li><li>Optimum size of a bank should be in the region of ₹5 lakh crore. Banks with a smaller balance sheet size would be more vulnerable to uncertainties or shocks. </li></ul>The private banking space is ripe for consolidation, as rising technology and compliance costs are making it harder for smaller banks to compete. In conversation with Business Insider, the CEO of Yes Bank, <keyword id="219963" type="General" weightage="20" keywordseo="prashant-kumar" source="Orion">Prashant Kumar</keyword>, says, “I am of the firm belief that consolidation is required. There is a huge fixed cost in banks, be it compliance or IT costs. There is a need for large banks. We have already seen the advantages of consolidation in the public sector.” The government has already set a precedent by merging several public sector banks, or PSBs, to create behemoths. In 2020, the government merged several banks to create seven large PSBs with a balance sheet of over ₹8 lakh crore. The mega consolidation was undertaken to create banks which would have a scale that would be comparable to other global banks. The ultimate objective was to create greater scale and synergy, which would lead to cost benefits. Kumar believes that the time is ripe for the same to play out in the private sector too. He reasons that as the sector needs players with a balance sheet size of over ₹5 lakh crore to feel relatively safe when dealing with unforeseen circumstances. The pandemic has demonstrated the kind of stress and risks that banks may have to face. Scale and diversified business models can enable these lenders to combat risks more effectively. According to Kumar, “Banks with a smaller balance sheet size would be more vulnerable to uncertainties or shocks. There is a need for consolidation, which would make the private banking sector stronger. Consolidation as such in the private banking sector will help strengthen the private banking sector. Smaller banks would not be able to upgrade themselves, as the costs are huge.” Yes Bank too is open to acquisitions, now that the turnaround is complete and it is focused on growth. To begin with the bank is looking at building a portfolio of reasonably high yielding assets, which it currently lacks. First up on its agenda is the acquisition of a microfinance institution. According to reports, the bank is in talks with Kedaara Capital to acquire a stake in Spandana Sphoorty. While a balance sheet of ₹3 lakh crore is not too small, Yes Bank is working towards becoming bigger. Explains Kumar: “We have a balance sheet of ₹3.5 lakh crore. I think our immediate pain point is private sector lending (PSL) and not having any high-yielding assets. Microfinance takes care of both issues. It would help meet PSL needs and give us a high-yielding asset. Once everything is fine then you look at inorganic growth.” While Yes Bank is open to inorganic growth, it is not yet ready to merge with a larger bank yet. Kumar says that he would look at inorganic opportunities if it adds value. However, he does not believe that Yes Bank is a candidate for a potential acquisition anymore. He says: “The strength of this bank is its strong franchise. Otherwise, coming back to normalcy cannot be done in three years. It does not make sense to become a target for acquisition. If you have a strong franchise, then you have strong capabilities on the management side or on the digital side. If you are lacking in some of these areas, then you can look at a merger to build strength in these areas.”

Private sector banking ripe for consolidation: Yes Bank ready for inorganic growth but not merger, says CEO Prashant Kumar

<ul><li>Shares of Fusion Micro Finance listed at ₹360.5 against the allotment price of ₹368 per share.</li><li>The market capitalisation of the company stood at ₹3,627 crore.</li><li>The IPO was subscribed 2.95 times on the last day of the IPO bidding process.</li></ul>Fusion Micro Finance’s stock listed at ₹360.5 – that’s ₹7.5 lower than its allotment price of ₹368 per share. The stock made its debut on the exchanges on Tuesday, at a 2% discount to the IPO’s upper price band. The company’s listing price is much below grey market estimates which expected an upside of ₹5 per share. GMP is <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">the premium at which IPO shares</a> are traded in an unofficial market before they are listed on the stock exchanges. The issue was subscribed 2.95 times on the last day of the IPO bidding process. The portion reserved for retail investors was subscribed 0.51 times, while qualified institutional investors subscribed 8.59 times. The price band of the IPO was at ₹350-368 a share. Meanwhile, benchmark indices have also opened flat on Tuesday. The market capitalisation of the company stands at ₹3,627 crore, according to BSE data. Some of its peer microfinance companies listed on exchanges also traded in the red on Tuesday. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listed peers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market cap </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change on Tuesday </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Equitas Small Finance Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,651 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.94% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Spandana Sphoorty Financial </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,117 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.44% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CreditAccess Grameen </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,488 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.47% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ujjivan Small Finance Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,482 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.45% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Suryoday Small Finance Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,077 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.85% </td></tr></tbody><tbody></tbody></table> The microfinance lender’s business runs on a joint liability group-lending model, wherein a small number of women form a group (typically comprising five to seven members) and guarantee one another's loans. The company has 2.9 million active borrowers served through a network of 966 branches, 9,262 permanent employees across 377 districts in 19 states and union territories in India, as of June 30, 2022. The company has been reporting a fall in profits consistently for the last three fiscal years, and has impacted the overall demand for the IPO. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total income </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹21 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹525 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹44 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹435 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹69 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹440 crore </td></tr></tbody><tbody></tbody></table> The total issue size of the IPO was ₹1,103 crore, including fresh issue of ₹600 crore. The rest was an offer for sale of 1.36 crore equity shares by the company's shareholders and promoters. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/rustomjee-group-firm-keystone-realtors-10-key-things-to-know-before-subscribing-to-the-ipo/slidelist/95506995.cms">Rustomjee Group firm Keystone Realtors: 10 key things to know before subscribing to the IPO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/piramal-bains-indiarf-takes-majority-stake-in-social-and-smoke-house-deli-owner-impresario/articleshow/95504410.cms">Piramal-Bain’s IndiaRF takes majority stake in Social and Smoke House Deli owner Impresario</a>

Fusion Micro Finance lists at a 2% discount amid volatile market conditions

<ul><li><keyword id="4093871" type="PERSON" weightage="20" keywordseo="Utkarsh-Small-Finance-Bank">Utkarsh Small Finance Bank</keyword> looks to raise ₹1,350 crore through fresh issue of shares worth ₹750 crore and an offer for sale to the tune of ₹600 crore by promoter Utkarsh Coreinvest. </li><li>The small finance bank’s deposit base is spread across 18 states and union territories in India, with northern (64.46%), eastern (15.47%), southern (1.33%) and western regions (18.73%). </li><li>The Varanasi-headquartered small finance bank intends to utilise the net proceeds from IPO towards expansion of its tier-1 capital base.</li></ul>Another one in the already long list of upcoming IPOs, this year, is Utkarsh Small Finance Bank, which is looking to raise ₹1,350 crore through initial public offering (IPO). The IPO will consist of a fresh issue of shares worth ₹750 crore and an offer for sale (OFS) to the tune of ₹600 crore by promoter Utkarsh CoreInvest. The small finance bank plans to utilise the proceeds from the IPO towards augmentation of its tier-1 capital base to meet future capital requirements which are expected to arise out of growth in the bank’s assets, primarily bank’s loans/advances and investment portfolio. Small finance banks come under a specific segment of banking whose objective is to provide basic banking activities to unserved regions and underserved sectors like small business units, small and marginal farmers, micro and small industries and so on. The company has witnessed stable growth over the past three years in gross loan portfolio and total deposits. The lender’s banking outlets have increased from 164 banking outlets as of March 31, 2018 to 528 banking outlets spread across 18 states and union territories in India, as of September 30, 2020. “We intend to continue to diversify our retail asset portfolio, grow our retail deposit mix across geographies and customer segments, increase our share of fee income and increase the use of technology,” the small finance bank said in its draft red herring prospectus (DRHP). Other listed companies in the small finance segment include Equitas Small Finance Bank, Ujjivan Small Finance Bank, CreditAccess Grameen, Spandana Sphoorty Financial, Bandhan Bank and AU Small Finance Bank. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bank </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Stock returns between Jan 2021-June 2021 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Equitas Small Finance Bank </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">56% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">AU Small Finance Bank </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">21% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">CreditAccess Grameen </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-1% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Spandana Sphoorty Financial </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-11% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bandhan Bank </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-18% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Ujjivan Small Finance Bank </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-21% </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/ola-app-raises-500-million-from-temasek-and-warburg-ahead-of-ipo/articleshow/84261607.cms">Ola app raises $500 million from Temasek and Warburg, ahead of IPO (businessinsider.in)</a> <a href="https://www.businessinsider.in/business/corporates/news/tcs-hires-over-20000-in-june-quarter-its-highest-ever-quarterly-addition/articleshow/84240423.cms">TCS has loaded up half a million peeps as it expects many to move on | Business Insider India</a>

Utkarsh Small Finance Bank looks to raise ₹1,350 crore from its IPO

Mumbai, Apr 25 () At least 328 entities across sectors, including state-owned and those backed by big conglomerates, have opted for availing the Reserve Bank's three-month moratorium on their debt repayments, rating agency Icra said on Saturday.The list of entities, rated by it, include Air India Express, ONGC Petro Additions, entities from Tata Group, JSW Group and GMR Group.On March 27, the RBI had given borrowers a three-month moratorium on debt repayments for the March-May period due to the COVID-19 pandemic. This is a voluntary measure and interest keeps accruing on the loan during the period of moratorium, and experts have opined that such a move would generally elongate the loan repayment period.Icra said it is disclosing the names of the entities as per a mandate received from Sebi, and made it clear that missed payment by these entities even in the case of pending formal approval from the lending institutions prior to the original due date, is not considered an instance of default.Air India Express having a debt of Rs 1,301 crore, and ONGC Petro Additions - which had debt of Rs 33,180 crore and USD 155 million in foreign borrowings, have opted for the moratorium on its loans, the agency said.Interglobe Hotels, with debt of Rs 811 crore, and having its outlook on rating revised to negative earlier this month due to worries on the hospitality sectors, has also opted for the moratorium, it said, adding that other hospitality sector companies, including Lemon Tree Hotels, and Barbeque Nation Hospitality have also sought relief.Among the financiers, city-based Centrum Financial Services, Creditaccess Grameen, Indostar Capital Finance, Madhura Micro Finance and Spandana Sphoorty Financial have opted for delays in their repayment of their debt commitments - like on commercial paper borrowings, even as banks are yet to arrive on whether to accord the relief to the NBFCs.Entities in the GMR Group, including GMR Ambala Chandigarh Expressways (Rs 240 crore debt) and GMR Hyderabad Aviation SEZ (Rs 58 crore) have opted for the moratorium provided by the RBI, it said.Similarly, three entities in the Sajjan Jindal-led JSW Group also seem to have opted for the moratorium, including JSW Steel (Rs 71,952 crore debt), the unlisted JSW Paints (Rs 160 crore), the agency said.Tata Group entities, including Tata Power (Rs 7,231 crore debt), Taj GVK Hotels and Resorts (Rs 195 crore), and Tata Power Renewable Energy, have opted for the relaxations, it said.Billionaire Ajay Piramal-led companies, including the flagship Piramal Enterprises and Piramal Capital and Housing Finance (nearly Rs 30,000 crore debt) have also opted for the relaxation offered by the central bank, as per the data disclosed by Icra.Kalyan Jewellers having an outstanding debt of Rs 3,555 crore as of September 2019, and private sector milk operator Parag Milk Foods, which had a debt of Rs 390 crore, have decided for opting for the leeway on debt repayments, the agency said. AA BALBAL

You Searched For "spandana sphoorty" and got 7 results

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2021 was a nightmare for many banks and pharmaceutical stocks; RBL Bank, Bandhan Bank, Strides Pharma saw sharp losses this year

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These chemical, pharma, infrastructure, bank stocks fell more than 15% in the last one month

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Private sector banking ripe for consolidation: Yes Bank ready for inorganic growth but not merger, says CEO Prashant Kumar

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Fusion Micro Finance lists at a 2% discount amid volatile market conditions

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Utkarsh Small Finance Bank looks to raise ₹1,350 crore from its IPO

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About 328 entities opt for RBI's 3-month moratorium: Icra

PTI