PIRAMAL-India's shadow lender Piramal sees no slowdown in credit growth.

The Delhi High Court has quashed the ECIR registered by the Enforcement Directorate against Indiabulls Housing Finance Ltd. and several of its employees, and directed that no further coercive action be taken against them in a case in which the Bombay High Court has already quashed the FIR.

Under the issue, the company will issue secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each.

With banks witnessing a multi-year high credit demand and chasing deposits, the lending cost for non-bank lenders with 3-5 year corporate bonds yields have risen 120-160 basis points since March.

The ED has been probing the platform for alleged illegal online forex trading through international brokers. According to the agency, OctaFX collected funds from users and then channelised the money through dummy entities.

As widely expected, RBI raised the Repo rate by 50 basis points to 5.90 per cent, as the MPC seeks to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth, as per a research Report from the State Bank of India's Economic Research Department.

In value terms, 6.78 billion (678 crore) transactions in last month corresponds to transactions worth Rs 11.16 lakh crore, up from Rs 10.73 lakh crore in August, as per the National Payments Corporation of India (NPCI) data.

Debt light balance sheets, domestic demand and better cash flows has resulted in higher credit ratio during the first half of FY23, said CRISIL Ratings.