Sandeep Singh

Articles By Sandeep Singh

RBI data counters RBI claim: Credit to small firms shrinks

On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.

RBI, govt near consensus on norm changes to boost MSME credit

Specific relaxation in RBI regulations likely to provide breathing space to firms

Amid cash squeeze, PMO calls meeting of banks

Over the last few weeks, several representatives from NBFCs and HFCs have met officials in the finance ministry raising concern over banks not extending credit to them.

CBI interim chief’s wife gave Rs 1.14 crore to firm, says Registrar of Companies

RoC records show that Rao’s wife, M Sandhya, borrowed Rs 25 lakh from AMPL in the financial year ending March 2011. They show that between financial years ending 2012 and 2014, Sandhya gave loans amounting to Rs 1.14 crore to AMPL in three tranches.

Shah Rukh Khan: Brand ambassadors need to trust a product before telling others to use it

In a conversation with The Indian Express, Shah Rukh Khan said that integrity is a key while endorsing a brand and the brand ambassador has to trust the product before telling others to use it.

NBFC liquidity under stress, govt plans early capital infusion

Sources familiar with the discussions said the Department of Financial Services (DFS) is working closely with top officials in the Finance Ministry to prepare the plan, which is likely to be presented at the level of the PMO.

Liquidity crunch to intensify: NBFCs face redemptions of up to Rs 1 lakh crore in November-March

Unlike banks, NBFCs do not have access to low-cost public deposits and have to heavily rely upon commercial paper and commercial debt markets.

Cash-strapped PNB invests Rs 50 crore into shipbuilding firm

PNB suffered net loss of `13,416 crore in January-March quarter in FY18 and `940 crore in April-June quarter of the current fiscal.

Bank credit growth registers 4-year high in August at 12.2%

The biggest contributor to the high credit demand from scheduled commercial banks in August was the services sector which expanded by 26.7 per cent – the highest in at least five years. The growth for the personal loan segment stood at 18.2 per cent.

R C Bhargava on IL&FS, Maruti boards; his son in investor Abu Dhabi fund

While ADIA declined to comment on the questions mailed to its spokesperson, a source clarified that Aditya Bhargava is head of India real estate and has no involvement with nor has any visibility on equity investments like these which are subject to Chinese walls.

IL&FS debt defaults: ‘Finance Ministry, Reserve Bank efforts not in sync on liquidity crisis’

Post the IL&FS default and the liquidity crisis in the market, banks have nearly stopped lending to the NBFCs and HFCs, thereby making it tough for them to do normal business.

IL&FS fallout: Finance firms face fund crunch

Funds from commercial paper, debt market at unviable rates; NHB steps up its refinance facility by Rs 6,000 crore

IL&FS crisis: ‘Name us but why didn’t Centre name shareholder directors’

Five independent directors on the erstwhile board have written to the newly appointed chairman Uday Kotak on October 2 raising several red flags and elaborating on constraints of long-term finance that plague the infrastructure sector.

Private investment still a concern, IL&FS issue could worsen situation: Vipin Sondhi, MD and CEO of JCB India

Vipin Sondhi, MD and CEO of JCB India said that while private investment has stayed away despite public spending, the IL&FS issue can potentially delay it further.

Mutual funds: In last four years, exposure to debt papers of NBFCs up 2.5 times

Between August 2014 and August 2018, the investment by mutual funds in CPs and CDs jumped over 2.5 times from an aggregate of Rs 98,738 crore in August 2014 to Rs 2,48,598 crore in August 2018.

Supreme Court verdict on Aadhaar likely to slow down KYC timelines, escalate cost

A top executive at a leading mobile company said that while the industry was studying the Supreme Court verdict, companies are preparing to revert to physical KYC methods using paper forms and photocopies of documents.

IL&FS defaults, NBFC whiplash: understanding the debt market crisis

The panic in the fixed income market due to the IL&FS default has led to a liquidity freeze, and fund managers say it is putting pressure on the equity markets too, especially on HFC and NBFC stocks.

Government entities to lose big if IL&FS defaults on its debt

The list includes General Insurance Corporation, LIC, SBI Employees Pension Fund, Postal Life Insurance Fund, NPS Trust, Oriental Insurance Company and United India Insurance among others.

New TER structure for Mutual funds: Investors gain while industry goes into a huddle to tackle SEBI move

While an equity investor may save up to 80-90 basis points in annual charges on their investment corpus, the distributors say that they are clueless about their remuneration from mutual fund advisory or sale.

How mutual fund investors gain from new SEBI norms

Data from the Association of Mutual Funds of India show that the AUM of the MF industry jumped from Rs 9.45 lakh crore in May 2014 to Rs 25.2 lakh crore in August 2018.