IL&FS AND ESSEL INFRASTRUCTURE
RBI monitoring NBFCs to prevent systemic shocks; better companies getting pre-IL&FS rates
Central bank’s watching the top 50 NBFCs much more closely and is making deep dive into their books, their balance sheets and other numbers wherever necessary, says Governor Shaktikanta Das. He said that RBI has a fairly good idea of where the vulnerabilities lie. It is holding periodic discussions with the management and promoters of NBFCs.
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...
IL&FS takes InvIT route to sell nine road projects
An InvIT is like a mutual fund that allows a project’s promoter to monetise revenue-genera...
IL&FS Case: NCLT summons heads of Axis, StanChart India
Bawa had also allegedly transferred nearly Rs 1.14 crore from his account despite a court order restraining him and capping his withdrawals at Rs 2 lakh per month.
Home First Finance files for Rs 1,500 crore IPO
The offering comes at a time when the shadow banking industry is battling a credit crunch.
ETMGS 2019 panel: Dealing with debt in post-IL&FS market
ETMarkets Global Summit brings together policy makers, regulators, thought leaders and market players under one umbrella for a daylong brain...
Supreme Court upholds NCLAT order against encashing IL&FS’ guarantees
Maharashtra Metro Rail Corp had approached the top court seeking to encash bank guarantees after IL&FS Engineering & Construction Co failed to fulfil its contracts. However, the apex court has upheald the NCLAT order dated October 15, 2018 disallowing any such move. SBI alone has given bank guarantees worth around Rs 700 crore on behalf of IL&FS companies.
Who make up retail investors?
he RBI considers deposits over Rs 2 crore as bulk deposits and smaller amounts as retail.
Edelweiss’ NBFC mops up Rs 515 crore via retail bonds
Plans ahead: Company aims to expand credit to mid- and small-size companies.
Singapore & Italy based companies bid highest for IL&FS’ two road assets
Email queries sent to Cube Highways and Autostrade remained unanswered till as of press time. IL&FS declined to comment on the matter. The IL&FS board is looking to address half of the company’s Rs 97,000-crore debt through asset monetisation. It sold seven wind energy assets to existing partner Orix of Japan for an equity value of Rs 593 crore.
Best time to invest in credit risk funds, says Nimesh Shah
When everybody is cautious could be the best time to invest in credit risk funds, says Shah.
IL&FS gets creditors' approval for sale of education biz
Schoolnet India Ltd (erstwhile IL&FS Education & Technology Service Ltd) would be sold to CPPPL.
View: Haircuts for Indian finance — bald or bold? Signs from the DHFL case
Whether an overworked IBC salon can deliver the equivalent of a 10-minute trim is the biggest question now.
Lenders may ask RBI to refer DHFL to insolvency
A referral to the NCLT, which will happen after the RBI informs the government and a notification is issued, will help ease DHFL’s troubles that began in September 2018 with the credit crunch caused by the collapse of IL&FS.
Board Meetings Today: RCom, Tata Teleservices, Sanwaria Consumer, IL&FS Engg and Vadilal Ind
It makes sense to have a look at the corporate agendas for the day’s as announced to the stock exchanges.
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