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Axis Bank seeks shareholder nod to raise Rs 55,000 crore in FY27

Axis Bank is seeking shareholder approval to raise a substantial Rs 55,000 crore in FY27, comprising Rs 20,000 crore via equity and Rs 35,000 crore through debt. This move supports the bank's ongoing strategy to bolster its balance sheet by aggressively mobilizing deposits. The bank is focusing on acquiring new premium customers and deepening relationships with existing ones to drive growth and enhance customer value. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rS8pFc5 via IFTTT
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RBI eases forex exposure rules, giving banks more room to trade

The Reserve Bank of India has updated foreign exchange exposure rules for banks. These changes simplify calculations by merging onshore and offshore positions and allow inclusion of overseas earnings. Crucially, banks can now exclude certain long-term foreign currency investments, potentially boosting trading capacity. Forex risk capital will be based on actual net open positions, with gold treated separately. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zLgFcmt via IFTTT
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Govt pushes PSU banks to develop loan products of up to ₹1 lakh each for street vendors

Public sector banks are developing new loan products up to ₹1 lakh for street vendors, aiming to help them build credit histories and transition to larger Mudra loans. This initiative bridges a gap in micro-credit, enabling vendors to scale their businesses. The government is also pushing for Grameen Credit Score integration to improve access to formal credit for first-time borrowers. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8aFHTtw via IFTTT
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Bank of India eyes $3.5 billion foreign currency inflows on RBI's dollar push

Bank of India aims to raise approximately $3.5 billion through foreign currency deposits and overseas borrowings, leveraging recent RBI measures. This strategic move, including $1 billion from FCNR(B) deposits and $1.5 billion via concessional swap facilities, is expected to reduce borrowing costs by 50-60 basis points. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jo7pq3u via IFTTT
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Banks boost renewable energy credit by 7% in April amid energy security concerns

Banks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil. This surge in funding for green energy underscores the nation's commitment to energy transition. Experts note a growing demand for climate finance, urging banks to develop specialized underwriting for sunrise sectors like solar and green hydrogen, which are poised for significant growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ve2dDFh via IFTTT
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Banking liquidity slips into deficit on tax outflows

Banking system liquidity slipped into deficit for the first time in three months, falling to ₹19,971 crore on Monday from a surplus of ₹30,685 crore a day earlier, mainly due to advance tax outflows. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Yb2eLkV via IFTTT
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RBI allows guarantee cover for TReDS financing in fresh directions

The Reserve Bank of India has enhanced credit access for MSMEs by allowing financiers on TReDS platforms to secure guarantee cover for financed receivables. This move aims to reduce credit risk, boost lender participation, and improve liquidity in the receivables financing ecosystem. The revised framework also streamlines onboarding, permits insurance cover, and strengthens the legal enforceability of TReDS transactions, fostering a more robust marketplace for working capital. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gSft7yY via IFTTT
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