Page 113 - Abhijit Lele

Realty company Peninsula Land defaults on repayment of loan from SBI

The default of Rs 2.35 crore happened on November 30, 2019 on term loan of Rs 177.7 crore

CARE downgrades Hindustan Aeronautics' rating as receivables rise

HAL is majorly owned by the government and has a strategic role in the defence programme.

Grappling with stress, PSBs need to build buffers to absorb shocks: Report

State-owned banks have been grappling with stressed loans and limited capacity to absorb further rise in slippages expected due to prolonged economic slowdown

Slowdown blues: Bank credit growth may fall to 6.5-7% in FY20, says Icra

According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trillion, there will still be a 40-45% year-on-year (YoY) decline

Bad loans taken over by ARCs rose 17.4% in 12 months ended June 2019

The amount they bought of such NPAs in the 12-month period was less, at Rs 57,506 cr, from the Rs 67,830 cr they acquired in the previous such one-year period

CARE ratings sees higher counterparty risk from Telangana discoms

CARE Ratings has maintained a negative outlook for 13 solar generators that are selling electricity to financially-stressed distribution companies (discoms) in Telangana

IDBI Bank plans to raise up to Rs 2,000 crore through tier-II bonds

The bank reported overall capital adequacy ratio of 11.98% in September this year

Ind-Ra downgrades YES Bank on inadequate equity infusion; places on RWN

In a similar move, ICRA has downgraded rating on YES Bank's tier-II bonds from "A+" to "A"

RBI to buy and sell bonds worth Rs 10,000 cr via open market on Dec 23

Move signals lower bond yield at the long end

Bank of Baroda underreported bad loans by Rs 5,250 cr in FY19: RBI report

In recent months, there have been several instances of under-reporting of bad loans by lenders

CPPIB to invest $225 million in Bain, Piramal-led India Resurgence Fund

India Resurgence Fund invests in distressed assets by purchasing existing debt and equity securities

South Indian Bank needs Rs 1,000 cr tier-I capital in next 15 months

India Ratings and Research (Ind-Ra) has revised outlook for the lender from "stable" to "negative" and affirmed its long-term issuer rating at 'A+'

SBI Caps to give report on four bidders for Anil Ambani's RCom to CoC

The report will be presented to the committee of creditors (CoC) on Friday to take a final call on the potential best offers

India Ratings downgrades Macrotech Developers debt from "BBB-" to "BB"

Timely creation of liquidity backup for the upcoming debt maturities in 2HFY20 and FY21 amid the funding challenges being faced by the sector remains the key rating monitorable

ICRA downgrades Shapoorji Pallonji & Co's ratings from "AA-" to "A+"

Ratings have been removed from watch with developing implications and 'Negative' outlook assigned

Moody's sees India Inc struggling for credit in 2020 as slowdown weighs

Sluggish economic growth, slowing earnings are major concerns

ICRA downgrades Karvy Stock Broking's long-term bank lines to 'BB'

The rating is based on limited or no updated information on the entity's performance since the time it was last rated in March 2019.

Firms ask lenders to modify accelerated payment clause in loan agreements

Bankers said such rules for accelerated payments are in place to protect the interest of lenders

Slow growth, infra spending in India to keep states' deficit high: Moody's

The government is facing growing challenges in meeting its medium-term fiscal consolidation goals amid a slowing economy, which has been driven by a combination of both cyclical and structural factors

CARE downgrades PC Jeweller deposits to 'B' on stressed liquidity

Significant erosion in m-cap since 2018 had a weakening effect on PCJ's financial flexibility and its liquidity