Default fear pushes funds to ring-fence Vodafone Idea debt
Mutual funds are seeking to limit any fallout from a possible default by the telecom carrier.
Avoid bankruptcy trial for companies with minor defaults: FinMin
The finance ministry has issued an advisory to the Indian Banks’ Association...
Licence fee default unlikely to mean ratings cut for companies
Any revision on credit ratings may only be considered based on a broader secto...
NSE declares 3 brokers as defaulters; expels from membership
The move has been taken as these brokers failed to comply with the NSE guidelines.
MFIs reporting loan data daily to prevent default
MFIs are moving to daily reporting of loan data to credit information cos to prevent defaults.
With AGR ruling, banks fear surge in bad loans
SC's ruling puts at risk the nearly Rs 30,000 cr loans to Voda-Idea, whose survival is now at serious risk.
It all began with a few defaults. Then, suddenly it was full-scale microfinance mayhem in Assam
Lenders are now reacting the typical way — slowing down loan disbursement in the pockets of trouble.
NCLAT dismisses RNA plea against insolvency proceedings
The bank had filed the petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, which sought the resolution process claiming total dues worth Rs 80.73 crore.
Sebi wants 'difficult to recover' tag for untraceable defaulters, cases facing parallel proceedings
The regulator is now considering a modification to its policy on 'difficult to recover' dues.
I-T detects Rs 470 crore TDS default by airline, real estate, hotel cos in Delhi
Officials said the national capital-based TDS wing recently visited the premises of a budget hotels and guest houses aggregator firm and found it had allegedly not deducted tax (TDS) on about Rs 280 crore payments that were made on rentals over a seven-year period.
Ex-billionaire Anil Ambani pleads poverty in $680 million loan fight
Anil Ambani has seen his fortune dwindle over recent years, losing his billionaire status.
UAE banks headed for India to recover Rs 50,000 crore
Most cases involve corporate loans taken by Dubai or Abu Dhabi-based arms of Indian firms.
The next debt crisis: Small borrowers’ big defaults
Microfinance is showing early signs of loans going bad en masse. And the problem is complicated by aggressive strategies of larger lenders.
FM announces amendment of Companies Act to decriminalise tax defaults
Govt does not want a law that could treat every business house with suspicion, said FM.
Corp loan share in non-food credit slips: Wilful defaulters up funding costs
“Wilful defaults if unchecked would increase the cost of borrowing for everyone else, including genuine businesses with profitable investment opportunities before them,” said the survey. “In fact, at high enough credit spreads, adverse selection may force genuine borrowers to exit the market altogether, leaving only cronies in the market and resulting in a market failure that slows economic growth, employment and wealth creation capacity.”
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service