Previous Close | 269.90 |
Open | 271.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 268.05 - 271.00 |
52 Week Range | 140.00 - 335.00 |
Volume | |
Avg. Volume | 1,865,298 |
Market Cap | 336.144B |
Beta (5Y Monthly) | 0.82 |
PE Ratio (TTM) | 6.11 |
EPS (TTM) | 44.16 |
Earnings Date | Jul 28, 2023 - Aug 01, 2023 |
Forward Dividend & Yield | 8.60 (3.14%) |
Ex-Dividend Date | Jun 12, 2023 |
1y Target Est | 323.40 |
South Indian Bank has decided not to exercise a call option, due on Monday, on its Basel III-compliant tier-II bonds that allows the private lender to redeem them before maturity, a company spokesperson said on Friday. Interest rates have been rising and if the bank exercises the call option, it will likely not be able to raise fresh funds below the 9.5% coupon on this paper, a senior executive at the bank said, speaking on condition of anonymity as the matter is not yet public. The executive said the decision to not exercise the call option was not due to concerns about the bank's capital levels – its capital adequacy ratio is comfortable at over 16% – or due to concerns over liquidity, which they said was comfortable.
Private lenders IDFC First Bank and Yes Bank and state-owned Indian Bank have put their loans to SpiceJet Ltd in the high-risk category, the latest setback for the airline, people with knowledge of the matter said. The lenders are concerned about SpiceJet's cash flows and have held discussions seeking assurances from the Indian budget carrier as it is behind on payments to some aircraft lessors, the sources said. SpiceJet's shares fell as much as 4.8% on the news.
MUMBAI (Reuters) -Three Indian banks have internally categorised loans to SpiceJet Ltd as being at "high risk" though the airline has not defaulted, people with knowledge of the matter said, drawing a denial from the airline. IDFC First Bank, Yes Bank and Indian Bank are concerned about SpiceJet's cash flows and have held talks with the carrier seeking assurances as it has been behind on payments to some aircraft lessors, said the sources who declined to be named given the sensitivity of the matter. However SpiceJet called the Reuters report false and baseless.
Private lenders IDFC First Bank and Yes Bank and state-owned Indian Bank have put their loans to SpiceJet Ltd in the high-risk category, in the latest setback for the airline, people with knowledge of the matter said. The lenders are concerned about SpiceJet's cash flows and have held discussions seeking assurances from the Indian budget carrier, as it is behind on payments to some aircraft lessors, the sources said. SpiceJet said that no bank has put its account on high alert.