Tuesday, September 28, 2021
Thursday, September 16, 2021
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.
Monday, September 13, 2021
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
Monday, September 6, 2021
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.
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