by Lois C. Ferrara | May 8, 2020 | Business News
Kolkata: Coal India and its subsidiaries are helping each other with loans to be able to pay salaries and tide over the acute liquidity crisis from rising dues from consumers and falling cash flow during the lockdown. Coal India has lent Rs 300 crore to subsidiary Central Coalfields while Bharat Coking Coal is in talks […]
by Lois C. Ferrara | Apr 28, 2020 | Business News
NEW DELHI: Microfinance lender Satin Creditcare Network (SCNL) on Tuesday said it can cater to liabilities for the next six-seven months, assuming a scenario of zero collection due to the COVID-19 pandemic, and its liquidity stood at Rs 1,600 crore at March-end 2020....
by Lois C. Ferrara | Apr 23, 2020 | Business News
New Delhi: The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said. Vodafone has advanced infusion of $200 million (about Rs 1,530...
by Lois C. Ferrara | Apr 17, 2020 | Business News
NEW DELHI: The RBI measures will revive credit flow by commercial banks and targeted long-term repo operation (LTRO) would further activate the corporate bond market and also provide much needed liquidity to NBFCs, Niti Aayog vice chairman Rajiv Kumar said on Friday....
by Lois C. Ferrara | Apr 17, 2020 | Business News
Specialised lending institutions such as NABARD, NHB and SIDBI have been provided a liquidity facility of Rs. 50,000 crores to enable lending to SMEs and the housing sector. Tightening of financial conditions in the wake of the COVID-19 pandemic has made it difficult...
