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FINANCIAL NEWS IN A NUT SHELL

Yatheendradas C.k. at 10:27 PM - Oct 22, 2018 ( ) Views: 176

SBI said it seeks to raise up to Rs 25,000
crore during the current financial year,
including up to Rs 5,000 crore through
bonds to meet capital adequacy norms. The central board of the bank gave its
approval to two proposals of the bank,
SBI said in a regulatory filing. -Moneycontrol.com


Moody's Investors Service said the
profitability of Indian banks is
"disnctively weak" compared to those
in BRICS nations, but it will improve from
next financial year as asset quality
stabilises. On capitalisation, Moody's
said it is the "weakest" for Indian banks
with a tangible common equity ratio of
8.7% at the end of 2017. -Business Standard


Good growth in loan porofolio has lfted
CanFin Homes’ net profit 7.56% to Rs
76.82 crore for the second quarter (Q2)
of 2018-19 against Rs 71.42 crore during
the same period last year. -Business Line


PNB Housing Finance said it has raised Rs
1,775 crore by issuing commercial papers
(CPs) to mutual funds and banks during
this month. -Moneycontrol.com


Mutual funds garnered Rs 7,727 crore of
assets via SIP in Sep, 40% higher than the
inflows in the same month, last year,
AMFI data shows. SIP inflows stood at Rs
7,658 crore in the preceding month. -Economic Times


India has emerged as the second lowest
among 34 countries providing rerement
income systems with good benefits
according to a study. India, the study
said, has been taking slow but steady
steps towards strengthening its
retirement income system, however, the
country finds itself as the second lowest
among 34 countries, grouped under
grade-D along with Japan, China, Korea
(South), Mexico and Argenna. -Business Standard


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