Liquidity Crunch

A report noted that 81 percent of employees face a liquidity crunch between pay cycles. The move to distribute salaries before the month ends has got a good response from new recruits

IL&FS Engineering and Construction Co defaults on redemption of preference shares

Default on the redemption is with respect to non-convertible redeemable cumulative preference shares and optionally convertible preference shares.

What India's high external debt means for the economy

The external debt figures stood at $557.4 billion as of June this year, as against $471.9 billion at the end of March 2017, as per RBI numbers.

Edelweiss, Piramal rating downgrade: Here’s what investors need to know

The prolonged slump in the real estate industry coupled with the tight liquidity conditions can trigger a spike in bad loans for wholesale lenders

CARE Ratings revises Walchandnagar's debt facility to default

Aditya Acharekar of CARE Ratings says the move came in after the agency observed delayed servicing of debt, involvement in its letter of credit (LC) and over drawls in cash credit limit of Walchandnagar Industries.

Govt withdraws sugar production subsidy

The Centre on May 19 withdrew its scheme to provide a production subsidy of Rs 4.50 per quintal of cane crushed by mills as retail prices of the sweetener have improved in the domestic market

See rise in NPLs in China, going ahead: Andrew Polk

Rising bad loans is one of the biggest problems plaguing the banking system in China. Andrew Polk, China economist at The Conference Board, feels going forward, there is going to be more and more NPLs throughout the economy as it slows and as the huge credit stimulus that went out in 2009-2010 continues to be rolled back.

Par Committee may change current reference rate for bonds

The Parliamentary Standing Committee on Finance that is vetting the new Companies Bill is likely to make a key proposal for easing the liquidity crunch in the corporate bond market.

SBI is playing catch-up: CFO

Following the large hike in its base rates by 75 bps, Diwakar Gupta, CFO, SBI, told CNBC-TV18 that the bank is compensating for a sluggish rise in the past. In spite of the number being large, they still compare among peers as having low rates, he said.