| Author | Message | ||
Reader Junior Artist Username: Reader Post Number: 57 Registered: 04-2015 Posted From: 12.169.192.132 Rating: N/A |
the purpose of the thread is to suggest solutions to problems rather than just rant about them. Solution is to put pressure on Modi to clean up the system for the future and give full powers to the existing bank managers/CBI to revover the money. Rant against the PM for change | ||
Sachin Legend Username: Sachin Post Number: 40342 Registered: 04-2008 Posted From: 208.78.147.194 Rating: N/A |
last ki u dont have acb only i have acb ani thelusthaaar | ||
Kadapanagfan Legend Username: Kadapanagfan Post Number: 65708 Registered: 12-2006 Posted From: 49.205.71.234 Rating: N/A |
Sachin U have acb I have acb | ||
Sachin Legend Username: Sachin Post Number: 40340 Registered: 04-2008 Posted From: 208.78.147.194 Rating: N/A |
purpose of this thread? | ||
Reader Junior Artist Username: Reader Post Number: 56 Registered: 04-2015 Posted From: 12.169.192.132 Rating: N/A |
Read Material below which is self explanatory. Ironically they are going ahead and announcing several thousands of crores of new projects and acquisitions. Indian Banking system is at risk in exposing themselves to few groups. Further the least you can do is ask them to focus on repaying existing loans and revitalise existing businesses instead of approving new loans. The only solution to this mess is privatisation of Indian Public Sector Banks gradually. No changes in Govt will bring Acche Din for Bank Managers. They will just have new political bosses telling them to give loans to their favourites. https://www.linkedin.com/pulse/top-10-conglomerates-able-ser vice-debt-pankaj-gupta?forceNoSplash=true Billionaire Gautam Adani-controlled Adani Group’s unit Adani Power Ltd has had an interest coverage ratio of less than 1 for 15 consecutive quarters. Adani Power has, according to news reports, refinanced Rs.19,000 crore of debt under the so-called 5:25 refinancing scheme for its Rajasthan and Maharashtra plants; the interest rate has remained the same at 12% while the tenure has increased from 10 to 19 years. Adani Power would also get an 18-month moratorium towards repayment of principal. Another unit, Adani Enterprises Ltd, also has Rs.9,000 crore of long-term debt (11% of total debt) up for repayment in fiscal year 2016 (estimated), along with Rs.19,500 crore of short-term debt. http://www.financialexpress.com/article/industry/companies/s bi-to-refinance-adanis-loans-through-525/73493/ State Bank of India (SBI) has agreed to refinance R5,000 crore of loans to Adani Power subsidiaries — Adani Power Maharashtra (APML) and Adani Power Rajasthan (APRL) — using the 5/25 scheme, sources aware of the development told FE. IDBI Bank is also expected to join the consortium to refinance a part of the debt. “SBI has recently cleared the proposal with a 15-month moratorium on interest payments,” sources told FE. http://smartinvestor.business-standard.com/market/story-3485 66-storydet-Standard_Chartered_recalls_loans_of_25_bn_from_A dani_group.htm#.VnGpUkorLIU Like the Essar group, the Adani group is one of India’s highly leveraged groups with over Rs 84,000 crore of consolidated debt as on March this year. Adani Ports is well placed operationally and has a healthy debt servicing ratios. This company, however, accounts for only 20 per cent of total group debt. |