DSIJ Mindshare

Out of the overall loans set to be restructured, almost 60 per cent of them were inclined to slip into the non-performing assets (NPAs) category if not for the recast move. The restructuring will help banks' bottom-line as the money to be set aside as provisions will be lower.

The company’s current order book stands at Rs 26,115.2 crore, out of which, orders worth Rs 8,910 crore have been received in FY21 and the company further expects to secure orders worth Rs 5,000 crore for the rest of FY21.

 The company had strategically acquired ‘Adda52.com’, India’s largest online poker destination in 2017. With this investment, the company has consolidated its position in India’s gaming industry.

Let’s take a look at the recent order books of the major infrastructure companies which are likely to gain with this infra push. Order book of Larsen & Toubro (L&T) as on June 2020 stood at Rs 3,05,100 crore, NCC as on June 2020 stood at Rs 27,916 crore, Ashoka Buildcon as on June 2020 stood at Rs 8,616.8 crore, NBCC as on March 2020 was nearly Rs 70,000 crore and KNR Constructions as on March 2020 stood at Rs 7,888 crore.

It further showed that, on a YoY basis, non-food bank credit growth stood at 6.7 per cent in June 2020, approximately the same as in May 2020 but lower than June 2019, where it stood at 11.1 per cent. Credit growth to agriculture and allied activities grew by 2.4 per cent in June, compared to higher growth of 8.7 per cent in the corresponding month of 2019.