|Allahabad Bank CMD Shubhalakshmi Panse.|
Photo: Deccan Chronicle
Presidential Elections: Support Dr.Meira Kumar
Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.
Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.
Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.
Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.
Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.
All the best to Dr.Meira Kumar.....👍✌
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.