The lenders are concerned about SpiceJet's cash flows and have held discussions seeking assurances from the Indian budget carrier, as it is behind on payments to some aircraft lessors, the sources said.
The bank’s recent revision in MCLR rates comes after the Reserve Bank of India (RBI) hiked the repo rate by 50 basis points to 5.40 per cent on August 5.
The RBI's monetary policy committee (MPC) raised its repo rate, the third increase in the current cycle.
"When there is a credit offtake, banks can sustain and support that credit offtake only if they have higher deposits. They cannot be relying on the central bank money on a perennial basis to support credit offtake they have to mobilise their own resources and funds," Das told reporters during the post policy meeting.
This is India's largest social financing issuance, the largest social loan globally, the first social ECB loan out of India and the largest ECB loan deal from a Housing Finance Company/private NBFC in India, HDFC said in a release.
The MPC, which is expected to announce the monetary policy tomorrow, is expected to vote for a 35 to 50 basis point hike in policy rates.
A crucial meeting of an inter-ministerial group on disinvestment is scheduled to be held on August 8 to review progress in the planned divestment of IDBI Bank, top finance ministry sources have told Business Today Television.
HDFC Bank said it has not approved any plans to raise funds to pay towards such liabilities of HDFC Ltd.
The lender would convene an Extraordinary General Meeting (EGM) on August 24 to seek shareholders' nod for various proposals, including for the fund raise plan.
With inflation running at a near-decade high and the rupee trading near a record low, the RBI, which only began raising rates in May, is expected to front-load subsequent hikes to catch up with its global peers.
The total income of the bank during the reporting quarter declined to Rs 1,91,547 crore from Rs 2,03,961 crore recorded in the same quarter of FY21, Punjab & Sind Bank said in a regulatory filing.
This will be raised through a combination of Rs 5,100 crore in equity shares and Rs 3,800 crore through equity share warrants, Yes Bank stated.
PNB's interest earned in June quarter also decline to Rs 18,757 crore in comparison with Rs 18,929 crore in the same quarter last fiscal.
Bhattacharya said the MPC will go into the internal surveys like household inflation expectations and consumer confidence while deciding the quantum of the rate hike.
The bank has also increased interest rates on a range of tenors. Now, the interest rate will range from 3.00 percent to 5.50 percent for the general public and 3.50 percent to 6.50 percent for senior citizens.
The company's revenue from operations increased 31% to Rs 3,100 crore in the quarter under review as against Rs 2,362 crore in the same quarter last fiscal.
According to the discussion paper, the REs may look at ways and means to incentivise adoption of e-receipts.
Most of these funds are lying with banks across Tamil Nadu, Punjab, Gujarat, Maharashtra, Bengal, Karnataka, Bihar, and Telangana/Andhra Pradesh, according to an RBI official.
Under the deal worth Rs 12,325 crore, announced on March 30, Axis Bank would take over Citi's credit cards, personal loans and wealth management businesses that are focused on the affluent segment.
The bank had posted a standalone net profit of Rs 1,180.98 crore in the year-ago quarter.
Lately SBI has been creating awareness about ATM frauds from time to time through social media and other platforms.
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