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Co-lending amounts more than quadrupled in just about a year with banks declaring such portfolios of more than Rs 25,000 crore in FY23, with State Bank of India (SBI) and Bank of Baroda at the top of the leaderboard. In FY22, disbursements were nearly Rs 5,000 crore through co-lending partnerships.

Last month, lenders decided to hold a second-round challenge auction to maximise recovery since the offers in the first round were very low, said people cited above. In the first round, lenders had received the highest offer of Rs 319 crore, which was much below their expectations, one lender said. The second round saw nine bidding rounds between Nalwa Steel and BTL.

Mainline retailers in India fear a sharp 50-60% fall in footfalls of Apple customers during the launch of new products in cities where the US smartphone major opens physical stores. The tech giant is opening its first physical store in India on April 18 in Mumbai and another in Delhi on April 20

"Call auction sessions are conducted on multiple stock exchanges. The discovered price / equilibrium price pursuant to such call auction sessions could be different on each exchange," Sebi said in a circular.

Ownership of foreign portfolio investors (FPI) in the bank has declined from 40.90% in the December 2022 quarter to 39.42% in the March 2023 quarter. As the shareholding is published before the MSCI price cut-off date for the May 2023 review, the weight increase is likely next month, said analysts.

The leading digital currency has surged 6.29% in the past 24 hours to reach $30,160 as of 2300 IST on Coinmarketcap. While it has risen by 72.62% in the last 90 days, it remains down by 23.82% year to date.

The Power Finance Corp subsidiary had initially announced a bond sale worth up to ₹3,000 crore, comprising a base size of ₹500 crore and a green-shoe option of ₹2,500 crore.

The rating agency expects the interest burden on corporates to surpass pre-Covid levels in terms of value, increasing 30% in FY24 compared to FY22, with the cost of debt likely to increase across all categories irrespective of the size of the corporate.

Oil prices fell on Monday after rising for three straight weeks, after U.S. jobs data pointed to a tight labor market, heightening expectations of another Federal Reserve rate hike that could curb oil demand.

"Climate change has been recognised as one of the most critical challenges faced by the global society and economy in the 21st century. The financial sector can play a pivotal role in mobilizing resources and their allocation thereof in green activities/projects," RBI said in a statement.