IL&FS
This is the all-time high quarterly net profit for Karnataka Bank: Mahabaleshwara MS
Thu, Jul 18, 2019
As far as NBFC is concerned then we have a 15.38% exposure. In that 2 group accounts were causing some concern and were treated as NPA with the first one being IL&FS group and the second one being Reliance ADAG, says Mahabaleshwara MS.
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Ind-Ra affirms long-term issuer rating on ITNL for tight liquidity position
Wed, May 15, 2019
The rating affirmation reflects continued delays in debt servicing by the company owing to a tight liquidity position, resulting from delay in realisation of pending claims from various government authorities and delays in undertaking deleveraging initiatives, Ind Ra said in a statement.
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IL&FS crisis: Grant Thornton report points to several irregularities in deals worth Rs 13,000 crore
Mon, Mar 04, 2019
IL&FS Crisis: Grant Thornton in its report on debt ridden IL&FS Group has identified various financial irregularities in deals with financial implications of over Rs 13,000 crore.
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IL&FS accounts not to be declared NPAs, rules NCLAT
Mon, Feb 25, 2019
The order comes after the NCLAT on February 11 said that subsidiaries of IL&FS would be divided into three categories -- Green (companies that can meet all debt obligations), Amber (firms that can meet some debt obligations) and Red (companies that can't meet any debt obligations).
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PF funds' investment in IL&FS bonds have no government guarantee: FinMin
Tue, Feb 19, 2019
The provident and pension fund trusts that invested in the IL&FS bonds now fear loss of money as the debt-ridden company`s bonds are unsecured debt, and the Finance Ministry says superannuated bonds do not carry any government guarantee and all such instruments have to face all market-related
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IL&FS crisis: Government to ask RBI for relief to banks
Mon, Feb 11, 2019
The government will approach the Reserve Bank of India (RBI) seeking a special dispensation for banks to defer provisioning requirements for their exposure to crisis-ridden Infrastructure Leasing & Financial Services (IL&FS)
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NBFC liquidity crunch! Mark Mobius restores faith; believes crisis is best time for bargain hunting
Wed, Feb 06, 2019
The moment IL&FS default hit India, it was already considered as own Lehman Brother crisis of the country, and on the other hand, investors continue to remove their money in bulk from major NBFCs especially housing finance companies.
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Explained in brief: This is how IL&FS has hit construction industry
Mon, Feb 04, 2019
With liquidity crisis gripping NBFCs post the IL&FS fiasco growth in the construction industry has halved in recent months, said a construction equipment makers' body. All the stakeholders are working closely to overcome this crisis and the same will be eased by march if there is no stress in the system or other NBFCs.-- Arvind Garg, president, Indian Construction Equipment Manufacturers' Association
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