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Page 12 - Il&fs

RBI withdraws circular asking banks to declare their IL&FS exposure

The RBI withdrew the circular after NCLAT allowed banks to declare defaulting loans of IL&FS and its group companies as bad loans

RBI withdraws circular asking banks to declare their IL&FS exposure
Updated On : 08 May 2019 | 8:36 PM IST

Debts of IL&FS' green companies likely to be settled by July end: Official

There are almost 55 companies in the green category and they have a loan exposure of about Rs 12,000 crore

Debts of IL&FS' green companies likely to be settled by July end: Official
Updated On : 08 May 2019 | 6:00 PM IST

Insurance companies have to make provisions for IL&FS defaults: Regulator

Reserve Bank of India asked last week banks to do about their IL&FS exposure.

Insurance companies have to make provisions for IL&FS defaults: Regulator
Updated On : 03 May 2019 | 10:44 PM IST

Insurance companies asked to make provisions for IL&FS, RCap defaults

Some insurers have already made adequate provisions for all non-standard accounts of IL&FS, says IRDAI.

Insurance companies asked to make provisions for IL&FS, RCap defaults
Updated On : 03 May 2019 | 8:44 PM IST

NCLAT allows banks to declare defaulting IL&FS, group companies as NPAs

NCLAT had in February restraining banks from classifying either IL&FS or its group companies as an NPAs

NCLAT allows banks to declare defaulting IL&FS, group companies as NPAs
Updated On : 03 May 2019 | 2:58 AM IST

IL&FS case: NCLT gives Axis and Stanchart CEOs, Bawa 2 weeks to file reply

Tribunal Makes Bawa's wife & daughter as respondents in case

IL&FS case: NCLT gives Axis and Stanchart CEOs, Bawa 2 weeks to file reply
Updated On : 27 Apr 2019 | 2:10 AM IST

IL&FS arm, ITNL International to sell 49% stake in its China road JV

The balance 51 percent is owned by local partner Chongqing Expressway Group

IL&FS arm, ITNL International to sell 49% stake in its China road JV
Updated On : 26 Apr 2019 | 11:44 PM IST

Major lapses in Deloitte audit of IL&FS Financial Services, says SFIO

The serious fraud office, which is reaching a closure in the case, would submit its probe report next month

Major lapses in Deloitte audit of IL&FS Financial Services, says SFIO
Updated On : 26 Apr 2019 | 1:09 AM IST

A single-point agenda

As companies enter the new financial year, it is worth pausing and looking at the lessons that the just completed year has had to offer, and what will be on the agenda for the coming year

A single-point agenda
Updated On : 25 Apr 2019 | 11:41 PM IST
Updated On : 25 Apr 2019 | 11:10 PM IST

Govt to charge Axis Bank, StanChart, Bawa & wife with contempt of NCLT

The ministry is filling two applications and a petition against Bawa and his wife and the banks after it has come to light that the parties have broken the orders of the bankruptcy tribunal

Govt to charge Axis Bank, StanChart, Bawa & wife with contempt of NCLT
Updated On : 25 Apr 2019 | 9:52 PM IST

SFIO quizzes Deloitte ex-CEO over alleged audit lapses in books of IL&FS

The probe agency had recently received a communique from a Deloitte Haskins & Sells whistle-blower, raising several audit shortcomings in the company's books

SFIO quizzes Deloitte ex-CEO over alleged audit lapses in books of IL&FS
Updated On : 25 Apr 2019 | 1:37 AM IST

Gail top bidder for IL&FS wind power plants with Rs 4,800-crore offer

Gail has offered Rs 4,800 crore for the wind projects, which will fetch the beleaguered group 100 per cent of the enterprise value, thereby resulting in no hair cut to the debt of the SPVs

Gail top bidder for IL&FS wind power plants with Rs 4,800-crore offer
Updated On : 23 Apr 2019 | 1:02 AM IST

RBI's stand on IL&FS exposure spells trouble for banks, NBFCs

Firms that provided for exposure on a voluntary basis may now have to mark the same as NPAs

RBI's stand on IL&FS exposure spells trouble for banks, NBFCs
Updated On : 18 Apr 2019 | 1:18 AM IST

SFIO arrests former IL&FS Fin Services CEO Ramesh Bawa for abusing powers

Making its second arrest in the IL&FS case, the Serious Fraud Investigation Office (SFIO) Saturday arrested former IL&FS Financial Services chief Ramesh C Bawa, official sources said. They said Bawa, who had served as managing director and CEO, was arrested on the grounds of abusing his powers at the company through fraudulent conduct. He also granted loans to entities which were not creditworthy and caused wrongful loss to the company and its creditors, they added. Earlier this month, the probe agency arrested former IL&FS vice chairman Hari Sankaran. The sources said IL&FS Financial Services Ltd had borrowings of around Rs 17,500 crore through debt instruments and bank loans. Provident funds, pension funds, gratuity funds, mutual funds as well as public and private sector banks are among the entities that have invested in these debt instruments. The alleged financial irregularities at IL&FS came to light last year after some group entities defaulted on debt ...

SFIO arrests former IL&FS Fin Services CEO Ramesh Bawa for abusing powers
Updated On : 13 Apr 2019 | 9:42 PM IST

Whistle-blower letter: Deloitte faces SFIO probe in IL&FS case

The whistle-blower has sent the letter to other regulatory bodies like the Reserve Bank of India, Securities and Exchange Board of India (Sebi), and Ministry of Corporate Affairs

Whistle-blower letter: Deloitte faces SFIO probe in IL&FS case
Updated On : 12 Apr 2019 | 3:31 PM IST

Provident, pension funds have Rs 9,134-cr exposure to IL&FS group companies

Beleaguered financial institution provides assets, liabilities details of four amber entities to NCLAT

Provident, pension funds have Rs 9,134-cr exposure to IL&FS group companies
Updated On : 12 Apr 2019 | 1:18 AM IST

Manager who bet on India mini-Lehman moment likes non-bank debt

DSP's company bond fund was the top performer among 17 rupee corporate note funds in the last six months, according to data compiled by Bloomberg

Manager who bet on India mini-Lehman moment likes non-bank debt
Updated On : 09 Apr 2019 | 7:14 AM IST

IL&FS crisis raises questions about rating agencies: Injeti Srinivas

India Ratings & Research, ICRA, and Credit Analysis and Research Ltd gave IL&FS the highest rating of AAA, says Corporate Affairs Secretary.

IL&FS crisis raises questions about rating agencies: Injeti Srinivas
Updated On : 04 Apr 2019 | 10:25 PM IST

IL&FS financial arm's GNPAs touch 90% in Dec against 5% in Mar 2018: Board

Board optimistic about asset sale, will have clarity on monetisation by May

IL&FS financial arm's GNPAs touch 90% in Dec against 5% in Mar 2018: Board
Updated On : 04 Apr 2019 | 2:20 AM IST