The Union Cabinet has also recently approved Multi Modal Logistics Hub & Multi Modal Transport Hub (MMTH) at Greater Noida in Uttar Pradesh with an estimated cost of ₹3,884 crore.
Compared to December 2019, collections are 12% higher, underlining the trend of economic recovery amid the Covid 19 pandemic and in line with the recent trend of recovery in the GST revenues.
The rapid growth of fintech players has helped in accelerating financial inclusion and new age technologies like AI and ML will further quicken digital adoption in the country, benefitting both the industry and the consumers in the coming years, according to experts.
Credit rating agency, ICRA said that PLI has seen some stability in last few months. Many industry trackers expected this instrument to face problems as the borrowers are typically companies or institutions that are unable to raise funds from banks or other lenders or are unable to raise funds at an interest rate they are comfortable with.
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The stronger and the deposit-taking NBFCs may however fare better as many have reported strong revival in disbursements and collections, almost to pre-COVID levels, the regulator observed.
As per June 7 circular of the RBI, lenders can extend the time period of the pact if an account has not been resolved within 180 days of signing ICA.
A key point that Oaktree is harping on is the structure Piramal’s have proposed in their business plan, that involves a merger between DHFL and Piramal Capital, its finance arm to swell the combined entity’s networth to more than Rs 18,000 crore and cushioning its ability to issue debt.
According to the regulator’s analysis, demand for retail and personal loans was assessed to have posted the highest recovery.
The SFIO had moved the high court against a September 22 order of the trial court denying it permission to examine the four who are presently in judicial custody.