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Until three years ago, being a specialist like a microfinance lender or catering exclusively to affordable housing or consumer loans helped, especially in raking premium valuations. Today, being a jack of all trades is helping lenders position themselves better amidst concerns emerging in various pockets of the financial services sector Doctors and lawyers go through this dilemma a lot - should they be doing everything or should they opt for something more focused. About twenty years ago, a g ...Read More >
KSEB Chairman and Management Director Biju Prabhakar has painted a grim picture of the finances of the State power utility, observing that it now has to spend ₹900 crore on power purchases and ₹300 crore on loan repayment every month. The observations are part of a note circulated among the officers' associations of the KSEB for their feedback and suggestions. Loans and overdraft together constitute around ₹10,874.26 crore. While the monthly revenue stands at ₹1,750 crore, the expenditure is ₹ ...Read More >
The Enforcement Directorate conducted searches in Delhi. The searches target former promoters of Kwality Ltd. The company is accused of a bank loan fraud of over Rs 1,400 crore. The CBI filed a case in 2020 against Kwality Ltd and its directors. The raids are part of a money laundering investigation.The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promo ...Read More >
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