Since then, public expenditure on healthcare has seen a decline from a high of 1.5% of gross domestic product in the mid-1980s to a low of 0.7% of GDP in the mid-1990s, recovering to 1.2% of GDP presently. However, out-of-pocket healthcare expenditure has risen dramatically with increased user charges in public health facilities, which leads to further inequities. Countries across the world are relying on trial-and-error interventions to arrest the COVID-19 pandemic. But, even as health systems are close to breaking down and economies are flailing while underprivileged citizens are battling unprecedented social and financial catastrophes, most governments are failing to provide appropriate social security and relief.

• As risky householders didn’t pay their mortgages, the value of the CDOs collapsed, making buyers unable to pay again the loans they borrowed to buy the CDOs in the first place.
• During the quarter, the average daily trading volume of our retail broking business stood atRs.
• B) It is not alleged that the oversight subsequently exercised by the CEO as well as the board over the investment risk management function was inadequate.
• The treasury book as on June 30, 2015 for the fixed income securities stood at Rs. 137 Crore.

In light of the prevailing stress in the economy, we have been extremely selective and continue to remain focused on the asset quality. The Earnings per share and Diluted Earnings per share, for the nine months ended is Rs. 4.04 and Rs. 4.01 respectively . The consolidated net worth as at December 31, 2016 stands at Rs.3,138 crore and the debt equity (equity+Minority Interest) ratio is 2.1 times. As on September 30, 2016, the private equity fund has returned an aggregate of 75.90 % of the capital contribution received from its Investors in Indian Rupee terms. During the quarter, the asset reconstruction business saw Banks and even few NBFCs announcing various portfolio auctions.

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The Company leverages on JM Financial Group’s expertise in the real-estate lending segment and uses superior technological capabilities to provide a diverse range of highly customised products and services to home buyers. Mortgage Lending The total mortgage lending book stood at Rs. 8,008 Cr as on December 31, 2019. We are optimistic about the tremendous opportunities prevailing in the segment and the co-lending arrangement with Bank of Baroda will further boost the momentum.

Bespoke financing; Real estate financing; Capital market financing; Retail mortgage financing; and Financial institution financing. With respect to Series where interest is to be paid on a monthly basis, relevant interest will be calculated from the first day till the last date of every month during the tenor of such NCDs, and paid on the first day of every subsequent month. For the first interest payment for NCDs where interest is to be paid on a monthly basis, interest from the Deemed Date of Allotment till the last day of the subsequent month will be clubbed and paid on the first day of the month next to that subsequent month. The last interest payment will be made at the time of redemption of the NCDs.

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Further, it is noted that the Fund Managers i.e., Noticees 3 to 8 failed to ensure that the funds of the schemes are invested in the best interest of the unit holders. From the above features and strategy of FTMF followed in debt schemes inspected, it is concluded that investment of FTMF in such securities is akin to loan to Issuer and not investment in securities. The FT-MF being the only investor of the issue, by not sharing the information, has led to higher rating for the issuer. Further, it is noted that all the five schemes have substantial holding in corporate bonds rated AA and below, which indicates that these five schemes have been carrying the risk and liquidity profile similar to Credit Risk Fund. These indicate that the CIO and fund managers failed to ensure that the funds of the schemes are being invested to achieve the objectives of the scheme and in the interest of the unit holders.

• We have made additional gross provisions of Rs. 76 Cr# on account of the uncertainties around Covid-19 for the quarter ended September 30, 2021, thereby taking the total provisions to Rs. 559 Cr# on account of the pandemic.
• The AUA of our private wealth management business stood at Rs. 59,052 Cr as on March 31, 2021 as compared to Rs. 44,883 Cr as on March 31, 2020 and Rs. 56,757 Cr as on December 31, 2020.
• Higher focus on recoveries yielded results and recoveries during quarter were much higher at ~Rs.
• The funds shall be used for onward lending to their customers, working capital requirements, refinancing and/or any other purpose as acceptable to our Company.

Our CMD, at Sunteck Realty, Mr. Kamal Khetan’s quote appeared in an article of Business Standard, where he expressed how the current measures would help Realty Developers to achieve the maximum level of efficiency and drive sales in the coming time. In an exclusive chat with The Blue Circle, Kamal Khetan, Chairman and Managing Director, Sunteck Realty, discusses the journey and projects of Sunteck, the impact of COVID on different sections of real estate, and what lies ahead. In the largest real estate transaction post lockdown, Sunteck inks a pact to jointly develop a 50-acre sea facing land parcel in Vasai. Sunteck Realty has entered into an agreement with a local land owner to jointly develop around 50-acre land parcel in Vasind near Mumbai into an integrated residential township. Sunteck Realty Ltd on Tuesday said its sales bookings increased 7 per cent year-on-year to Rs 349 crore in the third quarter of this fiscal on better demand. Billionaire investor Radhakishan Damani’s company Avenue Supermarts has bought retail space worth around Rs 100 crore from property developer Sunteck Realty at its upcoming project Sunteck City in Goregaon.

India Dictionary

Head Risk management in its various presentations had already informed to the Boards with regards to the inherent risk present in the schemes (concentration/liquidity/early warning signal/downgrade of securities). Hence the Boards have failed to independently verify this from the independent auditors and take specific steps to address the concerns raised in presentation made by Head Risk Management. It is noted that FTMF has not communicated the acceptance of moratorium/deferment of payment proposal of Future Group to the valuation agencies till April 28, 2020. As a result, the valuation of these securities has not reflected the financial stress of the Issuer. Therefore, the decision of not exercising put option was not based on the revised agreed terms as the terms were agreed much after the put option exercise date and much after the last date for the notice period of exercise of put option.

• It was observed that the next BRMC meeting took place after approx.
• The average AUM of our Mutual Fund schemes during the quarter ended March 31, 2020 stood atRs.
• KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
• Significant development in infrastructure and appropriately priced options have made the pristine beaches of Vasai a promising real estate destination.
• As a result, the valuation of these securities has not reflected the financial stress of the Issuer.
• A CDO basically places cash payments from a number of mortgages or different debt obligations right into a single pool, from which the cash is allocated to specific securities in a priority sequence.

As on September 30, 2021 our long term borrowing as a proportion of total borrowing stood at approximately 77%. Borrowing through Commercial paper consisted approximately 16% of the total borrowing as on September 30, 2021. The platform is backed by JM Financial which boasts of professionals with a proven track record in various aspects of debt capital market such as credit ratings, investment advisory, corporate banking, treasury, fund raising, sales and distribution. Alternative and Distressed Credit The quarter witnessed a higher recovery ofRs.

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This group is supported by technical and fundamental research teams who generate Investment and derivative strategists who generate Investment and Trading ideas. “In the context of the long term sustained growth objective of the government, the focus on infrastructure and rural sectors in the budget was a step in the right direction. The decision of rate cut by the Reserve Bank of India in its bi-monthly monetary policy was also a welcome step to incentivise the economy. The domestic investors have reposed their faith in Indian equities which is reflected in our AUM in most of the Equity Schemes. As a matter of fact, our Equity Schemes have been doing consistently well and most of these schemes have performed better in the volatile market conditions.

We have also enhanced our focus on wealth management business and value added services for our clients. We firmly believe that our skills to deliver differentiated and tailor made solutions to our clients gives us an edge and we continue to leverage appraisal ratio on the same. The Earnings per share and Diluted Earnings per share, for the said quarter is Rs. 1.09 and Rs. 1.08 respectively . The consolidated net worth as at June 30, 2016 stands at Rs. 2,894 crore and the debt equity ratio is 2.3 times.

Innovation and change have never been the cash-centered mindset, and lack of reliability on technology in the past has made it difficult. Nonetheless, the entire country is shifting towards adopting https://1investing.in/ Financial technology services. This master direction for credit and debit cards is an excellent effort from the government’s side to provide customer convenience and ensure just treatment.