Joel Rebello

  • Arcil FY19 recovery at 10-yr high

    Arcil FY19 recovery at 10-yr high

    About 62 per cent of these recoveries went back to banks from where these assets were bought in exchange of security receipts.

    Relief for telecom is one less worry for lenders

    Relief for telecom is one less worry for lenders

    As per Department of Telecom’s (DoT) calculations submitted to the SC on July 15, telecom companies owed nearly Rs 93,000 crore in license fees, penalties and interest.

    Banks brace for DHFL, telecom woes

    Banks brace for DHFL, telecom woes

    With some respite after the curtains were drawn on the Essar Steel case, banks are still not breathing easy. Troubled Airtel and Vodafone-Idea posted record losses after the AGR ruling, which might keep profits of banks under check. RBI data show that banks have a Rs 1.15 lakh crore exposure to telecommunications as of Sept 2019, up 25% from a year ago.

    Personal guarantees may aid bad loan resolution

    Personal guarantees may aid bad loan resolution

    In a notification on November 15, the ministry of corporate affairs (MCA) included personal guarantees on corporate loans under the bankruptcy code effective from December 1. The promoters who have given personal guarantees include Jet Airways founder Naresh Goyal & The Ruia family which just last week lost its Rs 42,000 crore battle to keep Essar Steel.

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