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RAJKIRAN RAI
FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...- RBI may need to absorb at least half of hedging cost to spur ECBs by PSUsThe Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps f...
- Nabfid and Nabard set to raise $1 billion in external borrowings this fiscal yearNabfid plans to raise up to $1 billion through bonds and external commercial borrowings (ECB) this fiscal year, according to Managing Direc...
- NaBFID plans debut overseas fund raise of up to $1 billion, official saysNational Bank for Financing Infrastructure and Development may raise funds overseas. The state-run lender considers borrowing up to $1 bill...
- NaBFID, state-backed infra lender, plans 530 billion rupees debt raise in FY25, says officialThe Indian government-backed NaBFID aims to raise 530 billion rupees from the debt market this fiscal year. The bank has already raised 90 ...
- Lack of data a regulatory hurdle, says NaBFIDNaBFID faces challenges in convincing regulators about higher provisioning for project loans due to lack of comprehensive data in the infra...
- India's newest infra lender to loan Rs 1 lakh crore this fiscalThe infrastructure lender, which started operations last year, has sanctioned in-principle loans worth 450 billion rupees so far and is rea...
- FSIB recommends Rajkiran Rai G as NaBFID managing directorRai completed his extended term as managing director of state-owned Union Bank of India in May this year. This is the first selection made ...
- Monitoring reduced stress is driving Union Bank recovery: Rajkiran RaiUnion Bank of India is poised to post its strongest growth in five years in FY23 as the benefits of the merger of Andhra Bank and Corporati...
- BBB invites applications for position of Union Bank of India MDThe Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, has invited applications for the post of man...
- UCO Bank CEO Atul Kumar Goel appointed chairman of Indian Banks' AssociationLast month, Goel was shortlisted by the Banks Board Bureau (BBB) to take over as Punjab National Bank (PNB) CEO from January 2022.In the ma...
- Government extends Union Bank of India CEO Rajkiran Rai's term by another two yearsIn a notification, SR Mehar,deputy secretary in the department of financial services in the Ministry of Finance, said Rai's term which was ...
- Economy needs support from PSBs: Union Bank chiefThe number of PSBs has come down after amalgamation of several lenders, and their ability to lend has increased manifold, Union Bank of Ind...
- Inter-creditor agreement can be signed right at the time of lending for quick resolution, says Bankruptcy Board memberICA mechanism was established to arrive at a resolution plan within a specific period (30+180 days) for any account where the borrower miss...
- Indian Banks Association elects Rajnish Kumar as chairmanSBI's head Rajnish Kumar has been elected as the chairman of Indian Banks Association for fiscal 2019-20. UBI's G Rajkiran Rai, S S Mallika...
- Union Bank withdraws notices served to Gardenia homebuyers in NoidaSince the builder failed to repay the loan, the bank's branch in Delhi from where loan was given, had put the property on auction as per th...
- Union Bank to raise capital via QIP to meet growth and provision requirements: Rajkiran Rai GIn a chat with ET Now, Rajkiran Rai G, MD & CEO, Union Bank of India says that the bank is in the process to raise Rs 2000 crore via QIP an...
- We are not saying that NPA is under control: Rajkiran Rai G, Union Bank of India"Rs 7,400 crore is our exposure in 11 accounts out of 12. We had a 30% provision in these accounts," Rai said.
- Union Bank of India agrees sale of 40% stake in asset management company with Dai-ichiSpeaking to media soon after the board meeting, Rajkiran Rai, managing director of the bank said that board has given "approval to partner ...
- Banks Board Bureau recommends five for post of PSU bank chiefsThese recommendations were made to the finance ministry after interaction with eligible candidates towards appointment against future vacan...
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