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The NBFC sector has been going through doldrums following the defaults by some big names like IL&FS and DHFL making investors and lenders ultra cautious. The quantum of loans rescheduled at Srei is not known, but lenders said that the company was facing liquidity tightness.
If govt loses majority, PSBs will be orphaned, says IcraSix public lenders including Indian Overseas Bank, UCO Bank, Bank of Maharashtra, Punjab and Sind Bank, Bank of India and Central Bank of India remained independent post the amalgamation of major PSBs on April 1.
from Stocks… Read MoreMistry family sends notice to Tata Sons Board for fiduciary lapses and damagesThe notice has sought an explanation from the board members, particularly the independent directors whether the oppressive action that causes prejudice to a minority shareholder was with their concurrence.
from Stocks-Market… Read MoreFranklin’s shut plans get Rs 698 cr more cashThe six shutterd schemes of Franklin Templeton have received Rs 698 cr from maturities, pre-payments and coupon payments during the first fortnight of September 2020.
from Stocks-Markets-Economic Times https://ift.tt/2ZP71cF… Read MoreUp 80% in 6 months, this stock may still have 5% more upsideThe company announced post market hours Thursday that it had settled a patent suit in the US for sale of a generic version cancer drug in that market. The short-term range for the stock is 4,546-5,054.
from Stocks-Markets-Ec… Read MoreSebi modifies NAV rules for mutual fundsCurrently, mutual fund investors with cheque values of less than Rs 2 lakh per application get the NAV of the product on the same day of deposit. Those who invest more than Rs 2 lakh get the NAV of the day the fund house real… Read More
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