The non-performing assets (NPAs) of the NBFCs in education loans -- over 90 per cent of which are foreign students -- have remained below 0.5 per cent, Crisil said on Thursday. The rating agency's senior director Ajit Velonie said there are structural reasons for the lower NPAs, including the insistence on having a co-borrower, which is usually the parent.
Other financial institutions National Housing Bank (NHB) and the National Bank for Agricultural and Rural Development (Nabard) are also set to tap debt capital markets on Friday. NHB is likely to sell three-year bonds of up to Rs 2,000 crore, while Nabard is set to issue three-year bonds of up to Rs 5,000 crore, the sources said.
Aequs, which partners with several global and domestic original equipment manufacturers in the toys, aerospace and consumer goods segment, said it would use the fund to scale up its manufacturing capabilities.
The 90 days deadline extension was necessitated as the lenders decided to hold a second round of auction on April 26 in order to maximise the recovery from the sale of Reliance Capital assets, sources said.
For the January-March quarter, the deal activity declined by 21 per cent by the value of investments to USD 13.3 billion as compared to the year-ago period.
The loan was mobilised from India Infrastructure Finance Co (IIFCL) last week, two people familiar with the matter told ET. PFS did not comment on the matter. IIFCL officials could not immediately be reached for comments. The loan was mobilised from India Infrastructure Finance Co (IIFCL) last week, two people familiar with the matter told ET.PFS did not comment on the matter. IIFCL officials could not immediately be reached for comments. It's assets under management shrunk to around Rs 7300 crore at the end of December 2022 crore from Rs 8650 crore nine months prior to that.
There are two really big differences in the global investing environment that are different from anything I have seen. The first is inflation, brought on to some degree by loose fiscal and monetary policy in the West, especially the US. And it has unleashed an inflation dynamic, which is something we have never really dealt with, for the last 40 years. Secondly, we now have a great global power conflict and again to some degree, one of the dimensions that created that disinflation, is now in reversal.
IIDF, a financial creditor of McLeod, filed the petition against the company for default in payment of Rs 347.4 crore as on November 12, 2019, of which the principal amount is about Rs 252.66 crore.
This proposed transaction is likely to value IBS Software at $1.5 billion. JP Morgan is advising Blackstone to find a buyer for its stake. The deal is expected to get signed by the end of April, sources said.