The total aggregate amount is capped and will be raised through qualified institutional placement in accordance with applicable laws
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It extends beyond the verification of fund utilisation for its intended purpose, emphasising the evaluation of the impact on the underprivileged or beneficiaries following NPO interventions, as highlighted by Makarand M Joshi, Founder of MMJC & Associates
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The NARCL has been successful in the acquisition of just six companies since its inception in January 2022 to house banking-sector advances that had converted into bad loans
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However, S&P has tempered its growth projections for the next fiscal year (2024-25) to 6.4 per cent, anticipating a slowdown in the second half (October-March) of the current fiscal year
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Data released by the Insurance Regulatory and Development Authority of India (Irdai) revealed that 31 insurers in the non-life industry underwrote gross direct premiums totaling Rs 1.43 lakh crore in this period
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Corporate loans, accounting for Rs 50,000 crore, are in various approval stages and expected to be disbursed in the coming months, according to the bank's top official
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These special mention accounts represent nearly seven per cent of the total unsecured loan outstanding of Rs 13.32 lakh crore for banks
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Given the recent surge in IPOs, totaling a record Rs 2.6 lakh crore, concerns have arisen regarding the high premiums attached to some shares, particularly in cases like Tata Technologies
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