In Jul-18, Greater Pacific had invested INR 583.57 Cr ($85 M) in Enzen via a combination of primary infusion and secondary purchase of shares. In Nov-18, it had invested an additional INR 35.34 Cr ($5 million).
In FY18, PSBs had written off loans worth Rs 1.28 lakh crore. Had banks not written off loans worth close to Rs 2.06 lakh crore in FY19, the value of non-performing assets (NPAs) in the system at the.
On this day, 50 years back, fourteen major lenders that accounted for 85 per cent of bank deposits were nationalised under the then Prime Minister Indira Gandhi-led government.
National Investment and Infrastructure Fund (NIIF) is to invest INR 15,000 crore as equity in the Delhi-Mumbai expressway project. This equity investment would be leveraged to raise close to INR 50,000 crore debt. The total project cost is approximately INR 70,000 crore and the entire construction risk would be borne by the National Highways Authority of India (NHAI). The proposed Delhi-Mumbai expressway would also be connected to the industrial city of Indore and an arm of the erstwhile Golden Quadrilateral.
Earlier, the central bank has taken steps to enhance its supervision of NBFCs, such as increasing the periodicity of monitoring their books to 12 months from 18 months.
In a circular dated July 19, NHB asked the housing finance companies (HFCs) to stop funding such ‘subvention schemes’, including in cases where the loans have been sanctioned but disbursements are stop.
If you look at NBFCs, all of them cannot be put into one category. There are some which are doing pretty well and they are not facing any challenge in generating liquidity. There are others, where the
The CEA also said the target of $5 trillion is a stretched one but with behavioural change, it’s achievable.
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