financial sector

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    Canara Bank Plans Tier 2 Bond Offering for Growth

    New Delhi, February 24 State-owned Canara Bank announced on Tuesday that it plans to tap the Tier 2 bond market by launching a ₹5,000 crore issue to strengthen its capital base and support future growth plans.The issue is scheduled for February 26 on the Electronic Bidding Platform of the...
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    MSME Credit Access: RBI Governor Highlights Key Policy Focus

    Mumbai, February 16 RBI Governor Sanjay Malhotra said that improving access to timely and adequate formal credit for MSMEs remains a key policy priority of the central bank.As part of the Reserve Bank of India's continued engagement with stakeholders, the governor held a meeting with select...
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    Shriram Finance Board Expansion Following MUFG Investment

    New Delhi, February 13 MUFG has proposed appointing two directors on the Shriram Finance board as nominees of the investor, following the Japanese bank's acquisition of a 20 per cent stake.Morihiko Fuji and Shinichi Fujinami would be appointed to the board to meet the applicable "fit and...
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    Streamlining Credit: RBI Updates Lead Bank Scheme Guidelines

    Mumbai, February 13 The RBI on Friday proposed revised guidelines for the Lead Bank Scheme (LBS) to streamline operational aspects and further enhance the effectiveness of the programme, which was introduced in 1969 to coordinate development activities at the district level.The LBS aims to...
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