Under the proposal, a bank could set up an SPV to which it will transfer its real estate assets. The bank then can pay rental or lease to the SPV to create an income stream for the SPV.
Country's largest bank SBI has said that it is not looking at setting up a special purpose vehicle (SPV) for its real estates, an option being considered by the Finance Ministry as a means of raising capital from markets.
"We are not considering that option of SPV," State Bank of India (SBI) Chairperson Arundhati Bhattacharya said.
The idea of setting up an SPV for raising capital from markets was floated at a meeting of Finance Minister P Chidambaram and heads of public sector banks last week.
Also Read: PSU bank boards reasonably professional, says ex-SBI CMD Pratip
Under the proposal, a bank could set up an SPV to which it will transfer its real estate assets. The bank then can pay rental or lease to the SPV to create an income stream for the SPV.
Based on this income stream, the SPV will raise money from markets.
SBI, however, plans to set up a holding company for the purpose of raising capital.
"It (setting up a holding company including all subsidiaries) is one of the possibilities (for raising capital)....currently, there is no clear view on this," she had said.
The proposal for setting up of a holding company with the government, she said, adding, it requires regulatory clearances.
Last week, Financial Services Secretary G S Sandhu had said various options like ESOPs, SPV model and holding company model were discussed in the meeting of Finance Minister P Chidambaram with heads of PSU banks by which banks could raise funds.
He had said the government could provide capital only up to a limited extent and the remaining funds had to be raised from markets.
SBI stock price
On May 16, 2014, State Bank of India closed at Rs 2416.00, up Rs 136.90, or 6.01 percent. The 52-week high of the share was Rs 2505.10 and the 52-week low was Rs 1452.90.
The company's trailing 12-month (TTM) EPS was at Rs 149.34 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 16.18. The latest book value of the company is Rs 1325.34 per share. At current value, the price-to-book value of the company is 1.82.
Anda sedang membaca artikel tentang
Not setting up SPV for raising capital from mkt: SBI
Dengan url
https://citraasa.blogspot.com/2014/05/not-setting-up-spv-for-raising-capital.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Not setting up SPV for raising capital from mkt: SBI
namun jangan lupa untuk meletakkan link
Not setting up SPV for raising capital from mkt: SBI
sebagai sumbernya
0 komentar:
Posting Komentar