March 18, 2025
Financial Assets

CARE Ratings revises outlook on ESAF Bank’s bonds to negative, while reaffirms ratings

CARE Ratings has downgraded the outlook on ESAF Small Finance Bank‘s various tier 2 bonds instruments to “negative” from “stable” on account of high asset quality stress which has adversely impacted the bank’s profitability. The rating company however reaffirmed the bond ratings at “A”. The outlook was revised downwards due to “the anticipated sustained pressure

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Financial Assets

RBI issues guidelines for foreign investors looking at Sovereign Green Bonds

The Reserve Bank of India (RBI) has laid the ground rules for selling sovereign green bonds to foreign investors through International Financial Services Centre, better known as Gift City The RBI in the guidelines said that IFSC Banking Unit (IBU) of foreign banks which do not have a branch or subsidiary licensed banking in India

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