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Sunny Verma
Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.
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More From Sunny Verma - Page 19
Amid cash squeeze, PMO calls meeting of banksSubscriber Only
October 31, 2018 05:12 IST
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.
Wed, Oct 31, 2018
Sector Watch: ‘Govt working on measures to ease NBFC cash crunch’Subscriber Only
October 27, 2018 01:05 IST
‘Working with RBI to align capital adequacy norms global practices’
Sat, Oct 27, 2018
NBFC liquidity under stress, govt plans early capital infusionSubscriber Only
October 26, 2018 05:00 IST
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.
Fri, Oct 26, 2018
Liquidity crunch to intensify: NBFCs face redemptions of up to Rs 1 lakh crore in November-MarchSubscriber Only
October 24, 2018 03:25 IST
Unlike banks, NBFCs do not have access to low-cost public deposits and have to heavily rely upon commercial paper and commercial debt markets.
Wed, Oct 24, 2018
Cash-strapped PNB invests Rs 50 crore into shipbuilding firmSubscriber Only
October 23, 2018 03:00 IST
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.
Tue, Oct 23, 2018
RBI against independent body, wants Guv as chairperson with casting voteSubscriber Only
October 20, 2018 02:29 IST
Govt panel wants ‘person appointed by govt’ as chairperson; stand against Finance Act, 2017: RBI
Sat, Oct 20, 2018
RBI wanted to pull out nominees from public sector bank boards, Govt says noSubscriber Only
October 17, 2018 04:57 IST
The government is also not receptive to the idea of granting additional powers to the RBI over regulation of public sector banks, as it feels the central bank already enjoys sufficient powers, the sources said.
Wed, Oct 17, 2018
Appellate Tribunal order: NCLAT grants interim relief to IL&FS against creditor actionsSubscriber Only
October 16, 2018 03:39 IST
IL&FS has an aggregate debt of Rs 91,000 and has been defaulting on its debt obligations since last month, putting the credit markets in a downward spiral.
Tue, Oct 16, 2018IL&FS debt defaults: ‘Finance Ministry, Reserve Bank efforts not in sync on liquidity crisis’Subscriber Only
October 15, 2018 03:55 IST
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.
Mon, Oct 15, 2018IL&FS board seeks settlement of dues from NHAI worth up to Rs 16,000 croreSubscriber Only
October 11, 2018 00:45 IST
The IL&FS group, which has a total debt of Rs 91,000 crore, has to repay Rs 1,085 crore worth of commercial papers in the next six months during October 29, 2018 to March 13, 2019.
Thu, Oct 11, 2018
No bids for over a month: Air India extends deadline for Rs 500-crore loan till Oct 31Subscriber Only
October 09, 2018 02:15 IST
This has come after senior officials of the airline reached out bankers last week, who needed more clarity on the company’s stake sale and revival package plans.
Tue, Oct 09, 2018
‘Eased ECB norms for OMCs unlikely to arrest rupee slide’Subscriber Only
October 09, 2018 01:50 IST
This is unlikely to provide any immediate relief in terms of arresting the rupee slide, industry sources said.
Tue, Oct 09, 2018IL&FS fallout: Finance firms face fund crunchSubscriber Only
October 09, 2018 01:35 IST
Funds from commercial paper, debt market at unviable rates; NHB steps up its refinance facility by Rs 6,000 crore
Tue, Oct 09, 2018Liquidity crunch: NHAI might provide some relief to IL&FSSubscriber Only
October 07, 2018 01:10 IST
‘The Authority is likely to make payments for portion of completed projects’
Sun, Oct 07, 2018
How first cut in fuel prices in a year could strain financesSubscriber Only
October 05, 2018 04:32 IST
On top of the excise duty cut, which will cost the exchequer Rs 21,000 crore in a full year, the government has asked oil marketing companies to share a burden of Re 1 per litre of fuel, which will result in under-recoveries.
Fri, Oct 05, 2018
New IL&FS Board brainstorms plan for revival, short-term dues in focusSubscriber Only
October 04, 2018 02:06 IST
IL&FS has to repay around Rs 2,500 crore to banks and debt paper holders by March 31, 2019.
Thu, Oct 04, 2018
Markets anxious over IL&FS’ Rs 2,644.86-crore repayment scheduleSubscriber Only
September 28, 2018 03:11 IST
IL&FS and its subsidiaries Tuesday filed a petition with the Mumbai Bench of the National Company Law Tribunal (NCLT) seeking to restructure its debt under Section 230 of the Companies Act 2013.
Fri, Sep 28, 2018
We will not let IL&FS collapse, says LIC, largest shareholderSubscriber Only
September 26, 2018 04:49 IST
Incidentally, IL&FS and its subsidiaries Tuesday filed a petition with the Mumbai Bench of the National Company Law Tribunal (NCLT) seeking to restructure debt under Section 230 of the Companies Act 2013.
Wed, Sep 26, 2018LIC stays invested in zero-revenue, loss making companies as mutual funds exitSubscriber Only
September 19, 2018 11:14 IST
The domestic mutual fund industry’s investment into these 45 companies shows that the funds increased their holding only in three between 2010 and 2018
Mon, Oct 08, 2018
LIC stays invested in zero-revenue, loss making companies as mutual funds exitSubscriber Only
September 19, 2018 04:50 IST
LIC is sitting on a big loss as share price fell from 73.15 in March 2017 to Rs 37.65 in September 2017. The share price of the company closed at Rs 21.1 on September 18. The company announced zero revenue in the year ended March 2018 and a profit of Rs 19 lakh.
Wed, Oct 03, 2018
PSB Consolidation: Bank of Baroda gets Vijaya Bank breather with Dena Bank stressSubscriber Only
September 19, 2018 01:56 IST
This would ensure that while absorbing the two smaller banks, Bank of Baroda gets the positive strength of Vijaya Bank while dealing with the stiff challenges associated with turning around Dena Bank.
Wed, Sep 19, 2018
Bankruptcy cases: Foreign funds load up equity to buy companiesSubscriber Only
September 17, 2018 00:58 IST
Specialised stressed assets funds line up more than Rs 15,000-crore equity capital, joining hands with Indian entities.
Mon, Sep 17, 2018
Four days before Vijay Mallya flew out, lawyer told SBI to move court, stop himSubscriber Only
September 14, 2018 04:58 IST
While the banks missed out on stopping Vijay Mallya from leaving the country, the SBI-led consortium of 17 banks finally filed a petition in the Supreme Court on March 5.
Fri, Sep 14, 2018Relax PCA, capital adequacy rules: House panel to RBISubscriber Only
September 11, 2018 01:00 IST
Out of 21 PSBs in the country, 11 currently under the RBI’s PCA framework, which kicks in when banks breach any of the three key regulatory trigger points — capital to risk weighted assets ratio, net NPA and Return on Assets.
Tue, Sep 11, 2018
Why you shouldn’t expect a cut in fuel prices any time soonSubscriber Only
September 11, 2018 00:20 IST
Why is it so difficult for governments to cut taxes on auto fuels and could the inclusion of petrol and diesel under GST change this situation? All your questions answered.
Tue, Sep 11, 2018Journalism of Courage
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