The importance of liquidity was dramatically illustrated to local bond investors when Franklin India abruptly shut 6 funds in the biggest-ever forced closure in the nation.
The downswing in credit ratings, triggered by liquidity stress in NBFC sector, had worsened as companies struggled to raise funds & sell assets to pare debt.
A delay in lending to residential projects is adding to the mounting default risk, with as many as 5.60 lakh homes worth Rs 4.5 lakh crore stuck in top cities.
Pakistan's SSG team was not adequately provisioned for the inclement weather. If it managed to consolidate its position, the story of Siachen would have been different.
In March 2020, Prashant Kumar took over as CEO & MD overseeing YES Bank reconstruction. He was ably supported by veteran banker Sunil Mehta, CA Atul Bheda & consultant Mahesh Krishnamurti.
This special edition of Cut The Clutter, straight from the Siliguri corridor, details the strategic importance of the narrow strip of land in West Bengal, and how it’s a vital link connecting the Northeast to the rest of India.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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