For all the blocks deallocated, the government is now free to hold auctions or give them to the central firm, Coal India.
Here’s what you should know before you get impressed by the next bank VP you meet.
The 144 Reg(s) status allows the bond to be sold to qualified institutional buyers in the US without the need to register the issue with the commission.
The issue has been priced at Rs 137 per share, an 8.6% discount to the stock’s Thursday close of Rs 150.05 on the BSE.
We got the three pillars in place. One was the footprint in markets outside Kerala — we now have 600 branches outside the state, which are performing.
The banking system has a total exposure of at least Rs 70,000 crore to both the companies. They are not leaving anything to chance, just in case.
This comes after state-owned United Bank declared Mallya and three directors of Kingfisher Airlines as willful defaulters on Monday.
The amount of money banks are losing is huge compared with the government outlay for essentials such as education and healthcare.
The Indian banking sector has a total exposure of more than Rs 5 lakh crore towards the power sector, which is under pressure owing to a host of problems such as lack of fuel.
Credit ratings for bonds below BBB grade which incidentally is also India’s sovereign rating are termed as “junk” or “high-yield” bonds.
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