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China is opposed to clubbing of the climate resilient clause as part of sovereign debt restructuring of three vulnerable nations -- Zambia, Ghana and Ethiopia-- proposed by G20 Finance Track, sources said.
Revenue down 14% at Rs 893.18 crore Vs Rs 1,037.85 crore Net profit down 35% at Rs 69.51 crore Vs Rs 105.41 crore Ebitda down 15% at Rs 212.27 crore Vs Rs 250.54 crore Margin at 23.77% Vs 24.14% Opened 29 new stores despite on-ground disruption caused by second-wave of Covid-19 Havells India Q1FY22 (Consolidated, QoQ) Revenue down 22% at Rs 2,609.97 crore Vs Rs 3,339.21 crore Net profit down 22% at Rs 235.78 crore Vs Rs 303.83 crore Ebitda down 30% at Rs 355.31 crore Vs Rs 508.18 crore Margin at 13.6% Vs 15.2% Net cash at Rs 1,278 crore Vs Rs 1,438 crore Total debt at Rs 484 crore Vs Rs 493 c...
Fintech cos say loan collections dip; RBI's recast plan created confusion among customers File photo Financial technology (fintech) lenders are witnessing a slowdown in loan collections during the second wave of COVID-19, with paybacks for overdue loans being impacted by up to 20 percent, as agents are unable to go into the field, a survey said on Friday. The RBI announcement on loan restructuring has created confusion within the customer segment, the survey by a lobby group of the new-age lenders said. Apart from the inability of the collection agents, the impact on repayment abilities at bo...
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Business April 8, 2021 KARACHI: Banks and development finance institutions (DFIs) have deferred and restructured loans worth Rs910.7 billion in a year to help borrowers cope with economic distress amid the Covid-19 pandemic, according to the latest figures posted by the central bank on its website. Loan Extension and Restructuring Package of State Bank of Pakistan also known as Debt Relief Scheme was launched on March 26, 2020 to facilitate borrowers in restructuring and deferment of their loans. The scheme aimed to preserve the solvency of the borrowers and enable them to combat the tempora...