According to a report by ratings agency Care, banks in the country would restructure new loan worth Rs 57,782 crore and this would raise the total recast loan book to Rs 312,022 crore next fiscal (2013-14). The report expects banks to carry out most of the restructuring in pipeline during the fourth quarter of this fiscal and through next fiscal if the draft RBI guidelines on re
Category: Infrastructure Finance
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Care expects banks to recast Rs 577 bn worth loan
According to a report by ratings agency Care, banks in the country would restructure new loan worth Rs 57,782 crore and this would raise the total recast loan book to Rs 312,022 crore next fiscal (2013-14). The report expects banks to carry out most of the restructuring in pipeline during the fourth quarter of this fiscal and through next fiscal if the draft RBI guidelines on re
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FIIs invest more in equities than bonds
Reports indicate that Foreign institutional investors (FIIs) are investing more in equities than in debt. Some analysts opine that FIIs are more comfortable with equities because there are no restrictions there. Moreover, arbitrage opportunities in debt may have reduced, they opine. Bankers said the overall cost for an FII to invest in Indi
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FIIs invest more in equities than bonds
Reports indicate that Foreign institutional investors (FIIs) are investing more in equities than in debt. Some analysts opine that FIIs are more comfortable with equities because there are no restrictions there. Moreover, arbitrage opportunities in debt may have reduced, they opine. Bankers said the overall cost for an FII to invest in Indi
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IIFC calls for popularising tax-free bonds
Harsh Kumar Bhanwala, Executive Director, India Infrastructure Finance Corporation (IIFC) stressed on the need to create awareness on tax-free bonds to facilitate growth in the infrastructure sector. He also said that IIFC, which has an outstanding credit of Rs 25,000 crore, plans to go for second round of fund raising in March
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IIFC calls for popularising tax-free bonds
Harsh Kumar Bhanwala, Executive Director, India Infrastructure Finance Corporation (IIFC) stressed on the need to create awareness on tax-free bonds to facilitate growth in the infrastructure sector. He also said that IIFC, which has an outstanding credit of Rs 25,000 crore, plans to go for second round of fund raising in March
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MP told to form panel to deter misuse of funds for roads
To prevent misuse of money allocated for construction of roads the Madhya Pradesh Human Rights Commission (MPHRC) has recommended to the State Government to establish a commission consisting of experts and police officers. In case of bad roads, the proposed commission should be empowered to take action against the officers and agencies responsible for this, the Commission advised.
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MP told to form panel to deter misuse of funds for roads
To prevent misuse of money allocated for construction of roads the Madhya Pradesh Human Rights Commission (MPHRC) has recommended to the State Government to establish a commission consisting of experts and police officers. In case of bad roads, the proposed commission should be empowered to take action against the officers and agencies responsible for this, the Commission advised.
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Govt can’t award 4,000 km highways on EPC mode this fiscal
The Union government has stated that it won't be able to award 4,000 km of highways on 100 per cent government funding mode known as engineering-procurement-construction (EPC) during this fiscal. The Union Road Transport and Highways Ministry was pinning its hope in these contracts to push its performance this year, at a time when private investors are showing no interest.
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Govt can’t award 4,000 km highways on EPC mode this fiscal
The Union government has stated that it won't be able to award 4,000 km of highways on 100 per cent government funding mode known as engineering-procurement-construction (EPC) during this fiscal. The Union Road Transport and Highways Ministry was pinning its hope in these contracts to push its performance this year, at a time when private investors are showing no interest.