Mitul Shah & Associates

Talks on to let banks lend more than Rs 10,000 crore to a corporate

The govt is in discussion with the RBI to relax regulations, potentially increasing the limit on bank exposure to large corporations beyond ₹10,000 crore. This move aims to boost infrastructure financing by reducing the cost of loans for significant projects. The proposal involves redefining borrower specifications and rationalizing provisioning norms, leveraging the improved health of […]

Groww files updated draft papers with Sebi; eyes Rs 7,000-cr via IPO

Groww’s parent company, Billionbrains Garage Ventures, has filed updated draft papers with SEBI for an IPO aiming to raise approximately Rs 7,000 crore. The IPO includes a fresh issue of shares and an offer for sale by promoters and investors, targeting a valuation of USD 9 billion.

India Inc turns to non-bank routes for nearly half of FY25 funding

Corporate India is increasingly diversifying its funding sources, with nearly half of the resources raised in FY25 coming from non-banking channels like equity markets and NBFC loans. While the total financial resources to the corporate sector saw a modest increase, bank credit demand declined, influenced by strong equity market performance and cautious lending.