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State Bank of India raises interest rate on savings account to excellent 5 15% | Personal Finance | Finance

State Bank of India raises interest rate on savings account to excellent 5 15% | Personal Finance | Finance
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Muthoot Microfin Limited Raises USD 75 Million via ECB

Muthoot Microfin Limited Raises USD 75 Million via ECB
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Ad daw ahRas al khaimahMuthoot microfinSadaf sayeedDoha bankIndia united kingdom ltdRakbank national bankUnion bankStandard chartered bankMuthoot microfin limitedSecond party opinionCanara bankExternal commercial borrowingNational bankUnited kingdomChartered bank

India: Muthoot Microfin secures $75m through external commercial borrowings

Muthoot Microfin Limited has secured a term loan of $75 million in the form of external commercial borrowings (ECBs).

Ad daw ahSadaf sayeedRas al khaimahUnion bankRakbank national bankStandard chartered bankMuthoot microfinIndia united kingdom ltdDoha bankCanara bankMuthoot microfin limitedNational bankUnited kingdomChartered bank

Muthoot Microfin: Muthoot Microfin secures $75 million external commercial borrowing for diversified funding

The loan is raised for three years and three months tenure and benchmarked to a three-month term SOFR (Secured Overnight Financing Rate) with a margin of 2.85%. The cost comes to 9.58% a year, lower than lender s incremental cost of 10.41% for the past none months, Muthoot Microfin chief executive Sadaf Sayeed told ET.

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Share Market Highlights 28 March 2024: Indian equity markets end FY24 on a bullish note; Sensex jumps 650 pts, Nifty settles above 22,300

Share Market Highlights 28 March 2024: Indian equity markets end FY24 on a bullish note; Sensex jumps 650 pts, Nifty settles above 22,300
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