Women account for 29 per cent of the Rs 20 lakh crore worth home loans extended by Indian lenders as of December 2020. While their share in Rs 4.6 lakh crore auto loans and Rs 5.9 lakh crore personal loans is as at 16 per cent each, according to the credit bureau.
The company's total obligation is of Rs 200 crore on a 5-year tenure secured term loan at 9.25 per cent per annum from Punjab & Sind Bank, RHFL said in a regulatory filing. The company has net cash (including cash equivalent, liquid mutual fund investments, fixed deposits etc) of more than Rs 1,500 crore.
According to a piece by former chairman, CCI, Dhanendra Kumar, the production-linked incentive (PLI) scheme to galvanise investments into manufacturing and exports has been a thumping success. The scheme will have GoI distribute $20 billion among eligible manufacturers, and is aimed at remunerating manufacturers for increasing total output incrementally, either for the Indian market or for exports. It will also help foreign companies invest or expand in India, and every new unit they produce will earn them an incentive to expand further. In the process, more job opportunities will be created. GoI, too, will earn extra goods and services (GST) revenues, a net gain estimated at Rs 65,000 crore in mobiles and telecom equipment alone over five years.
Mathai George George Muthoot was born in November 1949 in Kozhencherry in the present day Pathanamthitta district of Kerala as the son of M George Muthoot, who began the finance business and as the grandson of Muthoot Ninan Mathai, the group founder.
The company, which is undergoing a corporate debt resolution process in the National Company Law Tribunal (NCLT), is being run by an administrator in the aftermath of IL&FS crisis in 2018 and unearthing of massive fraud in the company.
V Swaminathan, CEO Andromeda & Apnapaisa, said the company's loan disbursal is expected to grow to Rs 25,000 crore this fiscal year from Rs 18,000 crore in the previous year despite the COVID-19 pandemic.
The wide differential among NBFCs' funding costs is likely to push the sector to consolidate, especially in the sectors with a thin margin profile and limited product differentiation, it said, adding the strong regulatory support in FY21 ensured adequate liquidity.
The government is likely to have full ownership of the DFI to start with but over time may offer up to 74% stake to domestic and foreign financial institutions, multilateral lenders and sovereign wealth funds.
Some of the private equity houses and asset managers which may be sounded out by Moelis are TPG, Lonestar, Oaktree, Brookfield, besides Apollo Global which had done a due diligence of the company earlier.
The companies are part of four consortia preparing to apply for licenses to operate retail payments and settlement systems in the country, people familiar with the matter said. More companies could band together before a March 31 application deadline.
The Hong Kong-based buyout group that owns 100% of CMS is in discussions with JP Morgan and other investment banks to formally launch a sale process shortly, tapping PE and strategic firms, said at least three people aware of the plan. The company received regulatory approval for an IPO in 2017 but didn't proceed because of the demonetisation impact.