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NEW DELHI: Markets regulator Sebi on Monday said it will auction a property of PVP Global Ventures at a reserve price of Rs 22.55 crore on May 12, to recover dues. The property to be put on sale is a vacant land situated in Telangana, the Securities and Exchange Board of India (Sebi) said in a notice. The said properties standing in the names of Arete Real Estate Developers Private Limited and Expressions Real Estates Private Limited were attached in the recovery proceedings, as offered by the said entities along with no objection for realization of the dues from Shri Prasad V Potluri and PVP Global Ventures Private Limited, through sale thereof, Sebi noted.
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NEW DELHI: Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21 due to decline in credit ratings and escalated risk of default on COVID-19 induced disruptions in capital intensive businesses.
Going forward, experts say, the ongoing financial year (2021-22) will see some attractive numbers in non-convertible debenture (NCD) fund raising. We should see money mobilization through NCD route to the tune of 2018-19 levels in FY22 as many companies are entering capex cycle, GDP is projected to grow in double digits and bond yields have started to go up making more case for NCD issuances, Divam Sharma, co-founder at Green Portfolio, said.
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Yes Bank loans and advances up 0.8% at Rs 1.73 lakh crore by end of Mar 2021; deposits up 55%
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Yes Bank loans and advances up 0.8% at Rs 1.73 lakh crore by end of Mar 2021; deposits up 55%PTI
Last Updated: Apr 05, 2021, 01:39 PM IST
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Synopsis
However, the figures are provisional and are being released ahead of the official announcement of the financial results for the quarter ended March 31, 2021, Yes Bank said in a regulatory filing.
Yes Bank on Monday said its loans and advances grew by a marginal 0.8 % on a year-on-year basis to Rs 1,72,850 crore at the end of March 2021.
By Lav Chaturvedi
In the financial year 2020-21, the nine-month period between July 2020 and March 2021 (9MFY21), was the most challenging time for almost every industry. The prolonged phase of lockdown that was enforced to contain the coronavirus pandemic came as a serious setback for them. Ironically, for the broking industry, this period was marked by unprecedented gains and unparalleled investor enthusiasm.
After facing the initial headwinds, when the lockdown was announced in March 2020 and till the broking industry adjusted to remote and digital mode of operation, several positive factors emerged, which gave the industry new momentum.
Record growth in 2020
First of all, governments globally announced huge stimulus packages to stem the Covid-induced slowdown, with total fiscal stimulus exceeding $12 trillion, which was almost four-times the stimulus offered during the Global Financial Crisis of 2008.
View: SEBI must ensure effective management, good governance are valued in board composition
Sebi’s efforts have gone a long way in improving governance in the past.
Synopsis
Over the past decade, IDs have grown in stature and voice. Most well-run listed companies have IDs who add genuine value to the business through their managerial or subject expertise. A host of governance measures and regulatory interventions by Sebi have made the board processes fairly robust
On March 1, the Securities and Exchange Board of India (Sebi) released a new consultation paper on independent directors (IDs). That it has adopted an industry-friendly approach of building consensus before making changes in its laws is welcome.