Tag Archives: debt

Mumbai: Two years after taking control of the bankrupt financial and infrastructure leasing services (IL&FS), the board of directors led by Uday Kotak has resolved ₹19,100 crore, or approximately 19%, of the outstanding debt of the group over ₹1 trillion. During the July-September 2020 quarter, the new administration resolved a …

In a relief for borrowers at the start of the holiday season, the government announced on Friday night the waiver of interest on interest for loans of up to Rs 2 million regardless of whether the moratorium was applied or not. The Department of Financial Services issued operational guidance in …

[ad_1] Fixed income mutual funds have fallen out of favor among Indian mutual fund investors due to the uncertainty created by the Franklin Templeton fiasco. But this Dalal Street veteran continues to swear by debt funds. In fact, the man managing a wealth of Rs 3.25 lakh crore at India’s …

[ad_1] Mumbai India expects bad debt at its banks to double after the coronavirus crisis suddenly halted the economy, a senior government official and four of the top bankers told Reuters. Indian banks are already grappling with Rs 9.35 lakh rupees ($ 123 billion) of impaired loans, equivalent to approximately …

[ad_1] MUMBAI / NEW DELHI (Reuters) – India expects bad debt at its banks to double after the coronavirus crisis suddenly halted the economy, a senior government official and four top bankers told Reuters. FILE PHOTO: A man counts Indian currency bills inside a store in Mumbai, India, August 13, …

[ad_1] Reliance Industries (RIL) said Monday that its board would consider a proposal to issue shares to existing shareholders for rights, during its meeting on Thursday. Analysts see the move as a gamble to help the company reach its zero net debt target, if other stake sale plans are delayed. …

[ad_1] MUMBAI: The NAV of the six fund of funds (FF) of the Franklin Templeton India mutual fund fell as much as 22.42% in a single day due to the liquidation of six debt schemes at the fund house. A fund of funds (FOF) is an investment strategy to maintain …

[ad_1] Then there is the risk of the fund manager. Actively managed debt funds are managed by specialist fund managers who may have strategies that can positively or negatively impact the performance of the fund. And finally, there is a credit risk, which is the problem we have with Franklin …

[ad_1] MUMBAI: Franklin Templeton Mutual Fund, one of the leading fund houses in India, has decided to close six of its debt funds, which currently manage almost Rs 25.9 billion rupees in total. The move is due to liquidity problems in the bond market caused by problems related to Covid. …

[ad_1] Franklin Templeton Mutual Fund (MF) decided on Thursday to liquidate six of its debt schemes geared toward high-yield investments, with a combined asset base of Rs 25.856 billion, citing continued redemption pressure and lack of liquidity in the markets. of debt amid the coronavirus blockade and pandemic. According to …