Liquidity tightness could lead to sharply higher financing costs for NBFCs.
Of the Rs 2,400 crore invested to buy GTL Infra’s loans, 15 per cent has been put in by Edelweiss while the rest has been invested by foreign investors.
IL&FS owes lenders and investors a total of Rs 91,000 crore, according to preliminary estimates.
Masala bonds and ECBs would be the tools Tata Capital would use to diversify its funding pool.
To be sure, no concrete agreement has been made so far and Yes Bank CEO, whose nod is crucial for a settlement, has not met members of the rival camp to date.
Chief financial officer (CFO) Prashant Kumar said the loans would largely be in the priority sector.
The bank is still collecting money postdemonetisation because customers are still catching up with payments, revealed Kanwal.
The Indian currency has been under pressure along with other emerging market units.
Under the proposed Route, FIIs will have more operational flexibility.
A clutch of lenders led by BoI and SBI, and including foreign banks, have lent Rs 34,480 crore
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