Lenders need to provide info on security interest
Lenders are also required to inform the central registry of any change to a security interest and when such loans are paid off. They will have to file details of any order of attachment passed in their favour by any court or government authority.
ICICI Bank Q3 results impress brokerages; here's what analysts say
Kotak Institutional Equities values the stock at Rs 615 from Rs 575 earlie...
Terms set for DHFL liquidation after big loss
India’s bankruptcy courts attempt to resolve its first shadow bank insolvency.
NHPC's Rs 165-crore bid for Jal Power's 120 MW Rangit project gets lenders' nod
"NHPC Ltd has been declared as the Successful Resolution Applicant by the Committee of Creditors (CoC) of Jal Power Corporation Limited (120 MW Rangit Stage IV HE Project) subject to approval of Resolution Plan by the Hon'ble National Company Law Tribunal, Hyderabad Bench," an NHPC statement said.
LIC’s Rs 11,000-crore exposure to DHFL, Reliance Cap, Sintex defaults in H1 FY20
With AUM of Rs 30 lakh crore, LIC is the largest domestic institutional investor.
DHFL posts net loss of Rs 6,641 crore in July-September period
It had posted consolidated net profit of Rs 439.51 crore in the year-ago period.
Not enough EV sales yet to build viable finance plan, say lenders
Financiers said electric car sales must show up sufficiently on the dashboard for them to build a viable finance plan. For the personal buyer, car prices range anywhere between Rs 12 lakh and Rs 20 lakh. Financiers believe that the consumer would default because of the high prices, making it difficult for a financier to sell the attached vehicle.
Lenders put cash flows of about 500 stressed companies’ under lens
In the last three months, lenders have hired agencies in Gammon, Altico, JBF Industries, Suzlon and HCC to track end use of funds. Lead banks are hiring monitoring agencies in accounts having exposure of more than Rs 250 crore.
India’s SWF gets ready to launch non-bank lender
NIIF already counts CPPIB, Abu Dhabi Investment Authority, AustralianSuper, Ontario Teachers’ Pension Plan, Temasek, Axis Bank, HDFC Group, ICICI Bank and Kotak Mahindra Life Insurance as investors in the NIIF Master Fund, along with the government of India.
Lanco lenders hope for some recovery from Anpara Power
Lenders expect to recover at least some of their Rs 45,263 crore dues from Lanco through the sale of this operational plant.
Voda Idea jumps 13% as lenders expect govt intervention in AGR issue
ET NOW reported quoting agencies that Vodafone Idea and Bharti Airtel said to have seeked more time from the Supreme Court for repayment of dues.
Axis Bank Q3 results preview: Profit may jump 50%; all eyes on asset quality
In the September quarter, the bank had posted a loss of Rs 112 crore due to Rs 2,138 crore DTA hit.
Joint bid likely for DHFL retail, wholesale books
DHFL is the first financial services company to be admitted to the bankruptcy courts after the rules were changed.
Lenders hope govt steps in to prevent AGR from becoming Voda Idea’s breaking point
The banking sector’s total exposure to the telecom sector is around Rs 1.5 lakh crore.
Lenders hope government steps in to prevent AGR from becoming Voda Idea's breaking point
Banks have no liability to telecom companies linked to the AGR order because these do not form a part of the guarantees they have given. However, any cash outflow due to these payments could severely dent debtheavy service providers such as Vodafone Idea.
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