Tag Archives: lenders

Tata Sons: Tata Sons set to raise $500 million offshore loan – Blue Barrows

Mumbai: Tata Sons is set to raise $500 million in offshore borrowings, backed by at least three lenders – Bank of America, SMBC of Japan and Standard Chartered Bank – as the holding company of the conglomerate rolls over debt used to fund several years ago, said people familiar with the matter. The tenor of […]

Bank stocks: Bank stocks surge on cleaner books and loan pick-up, can rise further – Blue Barrows

Mumbai: Bank stocks may still have some more steam left after the recent run-up, said analysts. The Bank Nifty index, comprising shares of lenders, surpassed the crucial hurdle of 40,000 last week, opening up the possibility of the benchmark rising another 3-5% in the short-term. The index closed at 40,415.70 on Friday “The Bank Nifty […]