by Lois C. Ferrara | Apr 26, 2020 | Business News
Lenders to IL&FS Tamil Nadu Power Company (ITPCL), which is undergoing insolvency proceedings, are likely to meet this week to finalise a restructuring plan, a source said. ITPCL is a special purpose vehicle (SPV) incorporated by the IL&FS Group under its energy platform (IEDCL) for implementation of a thermal power project at Cuddalore in Tamil […]
by Lois C. Ferrara | Apr 25, 2020 | Business News
Mumbai: Banks and shadow lenders are finding it hard to locate some of their clients, many of whom haven’t been able to pay their dues on time amid the current economic distress. Financiers across the spectrum are struggling to trace low-ticket borrowers, about a...
by Lois C. Ferrara | Apr 19, 2020 | Business News
Social distancing is the prescribed norm to beat the viral chain, but in the complex world of financing, it pays to stick together. That’s what many small non-bank lenders plan to do: Come together and sell bonds that make the cut for bank financing. As things stand...
by Lois C. Ferrara | Apr 1, 2020 | Business News
Kolkata: Some lenders — both banks and non-banks — have told their microfinance clients to pay loan instalments which have now fallen due, going against the spirit of Reserve Bank of India’s moratorium relief. These lenders with sizeable loan exposure to...
by Lois C. Ferrara | Mar 19, 2020 | Business News
MUMBAI: The crisis at Yes Bank has shaken the trust of a few state governments and large depositors who are pulling out large amounts from other private sector banks as well. The panic comes as the Yes Bank crisis happened within six months of one of the largest...
