|Allahabad Bank CMD Shubhalakshmi Panse.|
Photo: Deccan Chronicle
Discrimination faced by Mumbaikars...
If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.
Wednesday, November 27, 2013
Lenders refuse to recast Websol Energy System’s Rs.350-crore loan
According to a report published in a leading financial daily, a consortium of seven lenders has refused to refer the Kolkata-based Websol Energy System to the corporate debt restructuring (CDR) cell for the recast of its loans worth Rs.350 crore, said people familiar with the matter in the banking industry.
The move assumes significance in light of the repeated warnings by the government and the RBI on the rising incidence of bad loans, prodding banks to act tough on defaulting companies.
The said report says, Allahabad Bank Ltd (Rs.89.25) has a total exposure of around Rs.115 crore while Exim Bank lent about Rs.60 crore. The company took mostly working capital loans from private sector lenders , including Axis Bank Ltd (Rs.114.90) for about Rs.70 crore, Federal Bank Ltd (Rs.78.05) for about Rs.35 crore, Rs.25 crore from ICICI Bank Ltd (Rs.1045.25) and around Rs.5 crore from HDFC Bank Ltd (Rs.652.15).
Therefore, the biggest beneficiary seems to be Allahabad Bank Ltd from the deal, though Axis Bank and Federal Banks Ltd, would also get some gain from the move.