Many analysts have been flagging the fact that there have been no significant earnings upgrades in the last couple of quarters and that the trend is likely to persist in this quarter as well
Mehul Choksi promoted Gitanjali Gems Ltd is the top wilful defaulter with Rs 7,110 crore in dues
ICC recommended an interest-free loan EMI moratorium for six months to be provided as relief to the sector to survive through this difficult time
The exposure is standard and at the lower SPVs, which are separate from the parent company, and not at the upper IL&&FS holding company levels.
IL&FS group is reeling under huge outstanding debt worth Rs 91,000 crore and planning to sell assets to raise funds. Of the total debt, about Rs 57,000 is from public sector banks
After consecutive defaults, the company had on September 18 announced it will not access the commercial paper market up to March 18, 2019.
Most of us pay Equated Monthly Installments (EMIs) for either credit cards or for our various loans. In an interview to CNBC-TV18, Pankaj Mathpal of Optima Money Managers gives in detail all the DOs and DON'Ts when applying for loans.
Pawan Agarwal of CRISIL Ratings tells CNBC-TV18 that the pressure on asset quality of banks is set to intensify as the effect of rising NPAs fully hits the system.