Journey of Sensex

 

Bad bank Details announced. What it means, how it works

Union Finance Minister Nirmala Sitharaman has said the Centre will provide Rs. 30,600 crore in guarantees to National Asset Reconstruction Company Limited (NARCL) to buy bad loans from banks. The NARCL will purchase bad loans from banks under a 15:85 structure, where it will pay up to 15% of the net asset value in cash and issue Security Receipts (SRs) for the rest. The Government guarantee would be invoked if there is loss against the threshold value. The government guarantee will be valid for a period of five years. An India Debt Resolution Company Limited (IDRCL) will also be setup. Finance Minister said that banks have recovered Rs.5.01 lakh crore of unpaid loans in the last six years. Of, this, Rs. 3.1 lakh crore has been recovered since March 2018. 

Upcoming IPOs

 Here I am giving the details of upcoming IPOs in the month of September 2021 

Name of the Company                                                 Expected Issue Size 

Fincare Small Finance Bank                                                 Rs. 1330 crores 

Aadhar Housing Finance                                                       Rs. 7,000 crore 

Utkarsh Small Finance Bank                                                 Rs. 1350 crores 

Shriram Properties                                                                Rs.800 crores 

Seven Islands Shipping                                                         Rs. 600 crores 

ESAF Small Finance Bank                                                   Rs. 1,000 crores 

Studds Accessories                                                               Rs. 450 crores 

Star Health and Allied Insurance                                       Rs. 3,000 crores

NMP Policy By central Government

 The Government of India has announced four year "National Monetization Pipeline (NMP) policy to generate  Rs.6 lakhs crore revenue for creating infrastructure across the country. In monetization the government is transferring revenue rights to private parties for a period of four years. The sectors on the NMP include Railway, Power, Telecom, Petroleum, Natural gas and Roads.