Muthoot Microfin faced a significant setback, reporting a net loss of Rs 401 crore in the fourth quarter due to a surge in provisions for bad loans and breaches in borrowing covenants. The asset quality crisis led to a full-year net loss of Rs 223 crore, contrasting with the previous year’s profit.
Accelerate asset monetisation in railways, roads: Sebi chief Tuhin Kanta Pandey
Capital markets regulator Sebi’s chief Tuhin Kanta Pandey on Thursday said there is a need to “accelerate” monetisation of government-held assets in sectors such as