After a severe impact of the Coronavirus (Covid-19) pandemic during April-June 2020, bankers’ sentiments on lending conditions have shown a broad-based improvement. The demand for loans is expected to become better, according to RBI’s bank lending survey. Responses suggest that perceptions on retail/personal loans, which were most severely hit during the period, have bounced back. There is lower optimism for the infrastructure, mining and quarrying sectors when compared to other major sectors. The survey is part of RBI s December 2020 bulletin. The Covid-19 pandemic and the related lockdown led to significant contraction in loan demand across all sectors during April-June 2020, which severely dampened the sentiment among Indian lenders.
On April 14, 2020, during a meeting, the Tenino City Council agreed to pay $23,000 to the Washington Municipal Clerks Association for expenses. Tenino Clerk Treasurer John Millard stated that
Moving on from ratings criteria for grant of loans, banks are likely to focus on cash flow-based lending in times to come, a top executive of UCO Bank has said. Banks will focus on cash flow based lending in times to come and this has already been started by SBI, Ajay Vyas, Executive Director, UCO Bank said at a virtual panel discussion on Redefining Corporate Financing in New Normal organized by PHD Chamber on December 23, 2020. Various SBI officials have advocated for cash flow-based lending models over the traditional asset-based or ratings-based ones. In cash flow lending, a financial institution grants a loan that is backed by the recipient s past and future cash flows.
High ESG ratings for bonds as well as stocks mean risk reduction, says Bob Smith, president and chief investment officer of Sage Advisory, who began his career rating bonds at Moody’s. “Like on the equity side, you’re buying quality, stability, safety, the ability to withstand adversity,” says Smith.
Indeed, higher-rated ESG bonds performed better during this year’s crisis, similar to how they performed during the 2012 European sovereign debt crisis and the 2016 energy crisis, according to research by Northern Trust Asset Management.
“Anchor to windward, the ballast in your tank, all the things you hear about why ESG matters were reflected” in the performance of highly ranked ESG bonds during the crisis, Smith says. “The true virtue is that these are exceptionally good diversifiers relative to higher-beta equity portfolios” that have a lot of risk.
The board of Zee Media Corporation approved the terms of raising upto Rs 250 crore thorugh non-convertible debentures (NCDs).
The board of Zee Media Corporation on Wednesday, 23 December 2020, approved the terms of raising of fund through issuance and allotment of up to 2,500, 9% p.a. unrated, unlisted, secured, redeemable NCDs bearing a face value of Rs 10 lakh each for cash at par, aggregating to upto Rs 250 crore in one or more series, on a private placement basis. The announcement was made after market hours yesterday, 23 December 2020.
On a consolidated basis, Zee Media Corporation reported a net profit of Rs 18.53 crore in Q2 September 2020 as compared to a net loss of Rs 126.46 crore in Q2 September 2019. Net sales rose 9.2% to Rs 149.61 crore in Q2 September 2020 over Q2 September 2019.