Page 2 - Ilfs

Here's what makes ICICI Prudential AMC's Manish Banthia an outlier

With a research-driven process and an eye for opportunities, Banthia, senior fund manager-fixed income, ICICI Prudential AMC, beat the market and peers over the last year

FM to discuss external benchmarking of loans, MSME credit with pvt bankers

Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today

Gurgaon Metro on the wrong track! Poor location making it unviable

The Rapid Metro was constructed by IL&FS Infrastructure in two phases. Low ridership, high cost and poor location is believed to be responsible for the demise of the metro operation

NBFC funding to commercial sector fell 20% in FY19 after IL&FS crisis: RBI

Credit flow from NBFCs to the commercial credit stood at Rs 9.34 trillion as of FY19, down from a high Rs 11.60 trillion as of FY18, the RBI says in its annual report for 2019

Banks debited Rs 758 crore from IL&FS accounts despite NCLAT order

MCA names SBI, HDFC Bank, PNB, ICICI Bank among others, says they violated appellate tribunal moratorium

IL&FS and Gayatri joint venture wins Rs 914-cr arbitration claim

IL&FS Engineering and Construction Company and Gayatri Projects joint venture formed a joint venture for a Nagaland road project

NCLT allows ban on Deloitte, BSR for alleged auditing lapses in IL&FS firm

The auditors had challenged the jurisdiction of the NCLT to ban them under Sec 140(5) of Company's Act.

Letter to BS: What is the sanctity of auditing and credit rating processes?

If auditors can be induced to gloss over serious irregularities, decisions taken by everyone will be based on false credit ratings

IL&FS case: NCLT allows MCA to prosecute Deloitte Haskins, BSR Associates

Other individuals allowed by the tribunal to be prosecuted include partners of audit firm Deloitte Udayan Sen, Kalpesh Mehta, and Sampath Ganesh, partner in BSR Associates

IL&FS fraud case: ED searches homes, business premises of 4 industrialists

Rishi Agarwal of ABG conglomerate, C Sivasankaran of Siva Industries, Nikhil Gandhi of SKIL Infrastructure, and Viren Ahuja, promoter of Flemingo Geowork were searched by the ED

Letter to BS: Secured creditors' payout rights must not be diluted

The concept of the financial market has been shaken due to the treatment of secured and unsecured creditors

Cash-strapped IL&FS eyes Rs 480 crore from sale of two towers at Gift City

In a public notice Monday, IL&FS said it has put its two towers - Gift One and Gift Two - on the block and has invited expressions of interest from investors

IL&FS resolution: NCLT deadline over but new board is just about warming up

After SFIO took over, many startling facts about IL&FS has come to light

6 MF schemes under ratings watch as IL&FS crisis continues to hit industry

Fund managers say concern on repayments of IL&FS SPVs stems from another 'ring-fenced' SPV of IL&FS Group -JRPICL - not paying coupon payments to its bondholders due on January 21.

IL&FS entities to be sold individually instead of whole company together

Govt likely to cite the current situation, including availability of funds in escrow accounts of certain IL&FS companies, for seeking the special dispensation

IL&FS crisis: Microfinance sector likely to take a hit on cash crunch

It is the smaller players in MFI space that may face more headwinds in resource raising