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BAD DEBT
On the grapevine: Debt results in sleepless nights for once rich father-son duo
When bank loans were easier to come, they dealt in cold hard cash.
ARCs will now have to take the auction route to acquire NPAs
Total NPAs in the banking system are pegged at Rs 9.3 lakh crore.
IL&FS reports Rs 22,527 crore loss for FY19, revenue plunges 47%
This is the first earnings announcement after the government sacked its boar...
Canadian fund CPPIB keen to enter private debt segment in India, worried about regulatory uncertainties
“Private debt can be a good opportunity as we see some interesting situations in the country,” said Mark Machin, president and chief executive officer CPPIB. Many private equity global funds including KKR, Apollo Global Management, Blackstone and Baring have specialized debt platforms.
16% of realty debt exposure in severe stress, data show
Additional 22 per cent, around $21 billion, is under some pressure but has potential to get resolved with due steps.
View: With growth this bad, India needs more than luck
The troubling state of India's economy requires the ability of rate cuts to flow through the economy.
Vodafone-Idea problem: Investors in these debt mutual funds may be hit badly
Failure of the telecom entity to continue as a going concern will potentially hit several debt schemes holding roughly Rs 2,023 crore worth of Vodafone Idea debt. According to data, schemes of four asset management companies hold the paper.
Where companies are under huge debt pressure you tend to see white collar crime: Samir Paranjpe, Grant Thornton
"I think it’s very clear that both small and large companies are equally impacted today. So we are seeing extreme cases where very large companies are being affected by fraud and companies with turnovers of as little as 300 million rupees are also being impacted," he said.
Bad credit history? You can opt for a payday loan but read this first
A payday loan is an ultra short-term borrowing meant to help the individual tide over a temporary crunch.
Enter the Smog: As smog descends on Indian cities, see what the data really says
WHO found that 13 of the 20 cities with worst air quality in 2018 were in India. Let's see what data says.
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.
Global investors may make a beeline for bad loans
"With the Essar Steel judgment out, it has now become easier for distress asset transactions to happen. Now, it needs to be seen how banks open up to sell their sticky assets," says Jayesh Mehta, country treasurer, Bank of America.
Indian banks set to take a hit of Rs 36,000 crore from DHFL writeoff
The company’s shares are already down more than 90 per cent so far this year.
War on bad loans begins to pay for fintech lenders
The tough financial conditions have meant that startups are using technology innovatively to reduce the cost of operations.This year has been stressful for non-banking finance companies (NBFCs), with a liquidity squeeze affecting the broader financial services sector.
Erwin Singh Braich: The puzzling Canadian behind a bid to save Yes Bank
There are two starkly contrasting narratives about the man who barged into media headlines with his bid.
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