Spire News
No Result
View All Result
  • Login
  • World News
    Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!

    LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

    Shetland Season 7

    Shetland Season 7 – Plot, Recap, Cast, Release Date, And Other Exciting News That You Need To Know!

    Uefa Champions League

    UEFA Champions League Quarter-Finals 1st Leg Results, Exciting Highlights – What’s Next For The Quarter-finalists?

    One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

    One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

    Oscars 2022 – 94Th Academy Awards Winners, Exciting Highlights, Fashion At The Red Carpet, Controversies And Will Smith Did What?

    Oscars 2022 – 94th Academy Awards Winners, Exciting Highlights, Fashion At The Red Carpet, Controversies And Will Smith DID WHAT?

    Magic High School Season 3

    The Irregular at Magic High School Season 3 – Plot, Release Date, Recap – Exciting News That You Need To Know!

    No Smoking Day 2022

    No Smoking Day 2022: Could You Be The Next Person To Quit Smoking?

    2022 Academy Country Music Awards

    2022 Academy Country Music Awards – Complete Winners List and Everything We Know!

    Monster Anime: Where Can You Watch?

    Monster Anime by Naoki Urasawa: Where can you watch?

  • Entertainment
    • All
    • Movies
    • Netflix
    • Wiki
    Psychic Princess Season 2

    Psychic Princess Season 2 – Plot, Recap, Release Date And More Exciting News You Need To Know!

    Pacific Rim: The Black Season 2- Plot, Release Date, Recap And More Thrilling News You Need To Know!

    Pacific Rim: The Black Season 2- Plot, Release Date, Recap, And More Thrilling News You Need To Know!

    Love Chunibyo And Other Delusions Season 3 – Plot, Recap, Release Date, And Other Exciting News That You Need To Know!

    Love Chunibyo And Other Delusions Season 3 – Plot, Recap, Release Date, And Other Exciting News That You Need To Know!

    The Chosen Season 3

    The Chosen Season 3 – Plot, Recap, Release And More Thrilling News!

    Nisekoi Season 3 - Expected Plot, Release Date, Recap And More Thrilling News!

    Nisekoi Season 3 – Expected Plot, Release Date, Recap And More Thrilling News!

    Sk8 The Infinity Season 2

    SK8 The Infinity Season 2 – Release date, Expected plot, Recap – All The Latest Thrilling News That You Need To Know!

    Electric Picnic 2022

    Electric Picnic 2022 – Dates, Lineup, Tickets – Latest Announcements And Everything We Know!

    The Punisher Season 3

    The Punisher Season 3 – Plot, Recap, Release Date, Cast And Everything You Need To Know!

    The Batman – Plot, 2022 Release Date, Cast, Runtime – Everything We Know!

    The Batman – Plot, 2022 Release Date, Cast, Runtime – Everything We Know!

  • Business & Finance
    Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!

    LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

    Differences Between Pre-Qualified And Pre-Approved Mortgages

    Differences Between Pre-Qualified and Pre-Approved Mortgages: Kickstart The Quest To Buy Your Dream House In 2022

    Facebook Has Shifted Focus To Short-Form Video After The Stock Market Loss

    Facebook has shifted focus to short-form video after the stock market loss

    Nykaa Ipo: Beauty Startup Founder Falguni Nayar Has Joined The Ranks Of The World'S Richest.

    Nykaa IPO: Beauty startup founder Falguni Nayar has joined the ranks of the world’s richest.

    Portfolio Diversification

    Portfolio Diversification: How to diversify your portfolio!

    Index Funds

    Index Funds Explained: What are they? Also, Index ETFs, should you invest?

    Reliance Retail

    Reliance Retail: BPL and Kelvinator products build under them!

    Early Retirement

    How to plan for early retirement | Follow these tips and retire early!

    Irctc Stock Split

    IRCTC Stock split: How it benefits the company and what it means

  • Sports
    Uefa Champions League

    UEFA Champions League Quarter-Finals 1st Leg Results, Exciting Highlights – What’s Next For The Quarter-finalists?

    Los Angeles Rams Win Super Bowl

    Los Angeles Rams wins Super Bowl, beats Bengals

    Brett Lee Reveals He Was Terrified Of Bowling To Sachin Tendulkar During His Career

    Brett Lee Reveals He Was Terrified Of Bowling To Sachin Tendulkar During His Career

    Virat Kohli Blasts Social-Media Trolls That Targeted Mohammed Shami

    Virat Kohli blasts social-media trolls that targeted Mohammed Shami, calling them “a bunch spineless people”.

    Longoria Blast: The Sf Giants Lead The Dodgers, Scherzer And Crawford In The Nlds Thanks To Crawford'S Snag

    Longoria Blast: The SF Giants lead the Dodgers, Scherzer and Crawford in the NLDS thanks to Crawford’s snag

    Neeraj Chopra At Olympics

    Neeraj Chopra targets a 90m throw with Olympic 2020 Gold in his pocket.

    Italy Becomes Euro 2020 Champion After Beating England 3-2

    Italy becomes Euro 2020 champion after beating England 3-2

    Shubman Gill To Miss First Test Match Due To Leg Injury

    Shubman Gill to Miss First Test Match Due to Leg Injury

    Ipl 2021

    IPL 2021: Padikkal’s century help Royal Challengers retain number one position in the Points Table

  • Technology
    How Can Videos Fuel Up Your Tech Business?

    How can videos fuel up your tech business?

    Boost Your Internet Speeds With These 10 Easy Hacks

    Boost Your Internet Speeds with These 10 Easy Hacks

    Google Word Coach

    Google Word Coach: 2022 Guide – Everything You Need To Know About This Fun and Free Word Game!

    Oneplus Buds Z2 Leaks: Everything We Know So Far!

    OnePlus Buds Z2 Leaks: Everything we know so far!

    Deals On Laptops You Can'T Resist Only On Flipkart Big Billion Days Sale 2021

    Deals on Laptops you can’t resist only on Flipkart Big Billion Days Sale 2021

    Slow Internet Speed? Possible Causes And How To Fix Them

    Slow internet speed? Possible causes and How to fix them

    Realme C21Y

    Realme C21Y: Launched in India. Check out the all specs!

    Vivo X70

    Vivo X70 Series Leaks: Here are the Specifications and everything we know so far!

    Jio Phone Next

    Jio Phone Next launches on September 10, here’s everything to know!

  • Inspiration
    “Valentine’s Day”: A Day Of Love In The Covid-19 Conditions

    “Valentine’s Day”: 5 Tips to make the Day Of Love Memorable

    Portfolio Diversification

    Portfolio Diversification: How to diversify your portfolio!

    The Story Of The Adani Group: Gautam Adani

    The Story of the Adani Group: Gautam Adani

    Blue Origin & Jeff Bezos: Video Shows Crew Performing Somersaults In Space

    Blue Origin & Jeff Bezos: Video shows crew performing somersaults in Space

    Indian-Origin Contestant Justin Narayan Won Masterchef Australia 13

    Indian-origin contestant Justin Narayan won MasterChef Australia 13

    Dilip Kumar Passed Away At 98 Marking The End Of An Era

    Dilip Kumar passed away at 98 marking the end of an era

    Homeless Artist Richard Gets Viral With The Help Of Ngo And His Talent

    Homeless Artist Richard gets viral with the help of NGO and his talent

    Zomato’s Powerful Decision To Add More Female Delivery Partners

    Zomato’s powerful decision to add more female delivery partners

    4 Unique Ways To Redecorate Your Home This Summer

    4 unique ways to redecorate your home this summer

SUBSCRIBE
  • World News
    Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!

    LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

    Shetland Season 7

    Shetland Season 7 – Plot, Recap, Cast, Release Date, And Other Exciting News That You Need To Know!

    Uefa Champions League

    UEFA Champions League Quarter-Finals 1st Leg Results, Exciting Highlights – What’s Next For The Quarter-finalists?

    One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

    One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

    Oscars 2022 – 94Th Academy Awards Winners, Exciting Highlights, Fashion At The Red Carpet, Controversies And Will Smith Did What?

    Oscars 2022 – 94th Academy Awards Winners, Exciting Highlights, Fashion At The Red Carpet, Controversies And Will Smith DID WHAT?

    Magic High School Season 3

    The Irregular at Magic High School Season 3 – Plot, Release Date, Recap – Exciting News That You Need To Know!

    No Smoking Day 2022

    No Smoking Day 2022: Could You Be The Next Person To Quit Smoking?

    2022 Academy Country Music Awards

    2022 Academy Country Music Awards – Complete Winners List and Everything We Know!

    Monster Anime: Where Can You Watch?

    Monster Anime by Naoki Urasawa: Where can you watch?

  • Entertainment
    • All
    • Movies
    • Netflix
    • Wiki
    Psychic Princess Season 2

    Psychic Princess Season 2 – Plot, Recap, Release Date And More Exciting News You Need To Know!

    Pacific Rim: The Black Season 2- Plot, Release Date, Recap And More Thrilling News You Need To Know!

    Pacific Rim: The Black Season 2- Plot, Release Date, Recap, And More Thrilling News You Need To Know!

    Love Chunibyo And Other Delusions Season 3 – Plot, Recap, Release Date, And Other Exciting News That You Need To Know!

    Love Chunibyo And Other Delusions Season 3 – Plot, Recap, Release Date, And Other Exciting News That You Need To Know!

    The Chosen Season 3

    The Chosen Season 3 – Plot, Recap, Release And More Thrilling News!

    Nisekoi Season 3 - Expected Plot, Release Date, Recap And More Thrilling News!

    Nisekoi Season 3 – Expected Plot, Release Date, Recap And More Thrilling News!

    Sk8 The Infinity Season 2

    SK8 The Infinity Season 2 – Release date, Expected plot, Recap – All The Latest Thrilling News That You Need To Know!

    Electric Picnic 2022

    Electric Picnic 2022 – Dates, Lineup, Tickets – Latest Announcements And Everything We Know!

    The Punisher Season 3

    The Punisher Season 3 – Plot, Recap, Release Date, Cast And Everything You Need To Know!

    The Batman – Plot, 2022 Release Date, Cast, Runtime – Everything We Know!

    The Batman – Plot, 2022 Release Date, Cast, Runtime – Everything We Know!

  • Business & Finance
    Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!

    LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

    Differences Between Pre-Qualified And Pre-Approved Mortgages

    Differences Between Pre-Qualified and Pre-Approved Mortgages: Kickstart The Quest To Buy Your Dream House In 2022

    Facebook Has Shifted Focus To Short-Form Video After The Stock Market Loss

    Facebook has shifted focus to short-form video after the stock market loss

    Nykaa Ipo: Beauty Startup Founder Falguni Nayar Has Joined The Ranks Of The World'S Richest.

    Nykaa IPO: Beauty startup founder Falguni Nayar has joined the ranks of the world’s richest.

    Portfolio Diversification

    Portfolio Diversification: How to diversify your portfolio!

    Index Funds

    Index Funds Explained: What are they? Also, Index ETFs, should you invest?

    Reliance Retail

    Reliance Retail: BPL and Kelvinator products build under them!

    Early Retirement

    How to plan for early retirement | Follow these tips and retire early!

    Irctc Stock Split

    IRCTC Stock split: How it benefits the company and what it means

  • Sports
    Uefa Champions League

    UEFA Champions League Quarter-Finals 1st Leg Results, Exciting Highlights – What’s Next For The Quarter-finalists?

    Los Angeles Rams Win Super Bowl

    Los Angeles Rams wins Super Bowl, beats Bengals

    Brett Lee Reveals He Was Terrified Of Bowling To Sachin Tendulkar During His Career

    Brett Lee Reveals He Was Terrified Of Bowling To Sachin Tendulkar During His Career

    Virat Kohli Blasts Social-Media Trolls That Targeted Mohammed Shami

    Virat Kohli blasts social-media trolls that targeted Mohammed Shami, calling them “a bunch spineless people”.

    Longoria Blast: The Sf Giants Lead The Dodgers, Scherzer And Crawford In The Nlds Thanks To Crawford'S Snag

    Longoria Blast: The SF Giants lead the Dodgers, Scherzer and Crawford in the NLDS thanks to Crawford’s snag

    Neeraj Chopra At Olympics

    Neeraj Chopra targets a 90m throw with Olympic 2020 Gold in his pocket.

    Italy Becomes Euro 2020 Champion After Beating England 3-2

    Italy becomes Euro 2020 champion after beating England 3-2

    Shubman Gill To Miss First Test Match Due To Leg Injury

    Shubman Gill to Miss First Test Match Due to Leg Injury

    Ipl 2021

    IPL 2021: Padikkal’s century help Royal Challengers retain number one position in the Points Table

  • Technology
    How Can Videos Fuel Up Your Tech Business?

    How can videos fuel up your tech business?

    Boost Your Internet Speeds With These 10 Easy Hacks

    Boost Your Internet Speeds with These 10 Easy Hacks

    Google Word Coach

    Google Word Coach: 2022 Guide – Everything You Need To Know About This Fun and Free Word Game!

    Oneplus Buds Z2 Leaks: Everything We Know So Far!

    OnePlus Buds Z2 Leaks: Everything we know so far!

    Deals On Laptops You Can'T Resist Only On Flipkart Big Billion Days Sale 2021

    Deals on Laptops you can’t resist only on Flipkart Big Billion Days Sale 2021

    Slow Internet Speed? Possible Causes And How To Fix Them

    Slow internet speed? Possible causes and How to fix them

    Realme C21Y

    Realme C21Y: Launched in India. Check out the all specs!

    Vivo X70

    Vivo X70 Series Leaks: Here are the Specifications and everything we know so far!

    Jio Phone Next

    Jio Phone Next launches on September 10, here’s everything to know!

  • Inspiration
    “Valentine’s Day”: A Day Of Love In The Covid-19 Conditions

    “Valentine’s Day”: 5 Tips to make the Day Of Love Memorable

    Portfolio Diversification

    Portfolio Diversification: How to diversify your portfolio!

    The Story Of The Adani Group: Gautam Adani

    The Story of the Adani Group: Gautam Adani

    Blue Origin & Jeff Bezos: Video Shows Crew Performing Somersaults In Space

    Blue Origin & Jeff Bezos: Video shows crew performing somersaults in Space

    Indian-Origin Contestant Justin Narayan Won Masterchef Australia 13

    Indian-origin contestant Justin Narayan won MasterChef Australia 13

    Dilip Kumar Passed Away At 98 Marking The End Of An Era

    Dilip Kumar passed away at 98 marking the end of an era

    Homeless Artist Richard Gets Viral With The Help Of Ngo And His Talent

    Homeless Artist Richard gets viral with the help of NGO and his talent

    Zomato’s Powerful Decision To Add More Female Delivery Partners

    Zomato’s powerful decision to add more female delivery partners

    4 Unique Ways To Redecorate Your Home This Summer

    4 unique ways to redecorate your home this summer

No Result
View All Result
Spire News
No Result
View All Result
Home Breaking

Vodafone Idea Debt: How and why Bank would make an impact on Rs. 1.8 lakh crore debt!

Vodafone Idea Debt: Get Rid of Debt Dilemma 

Kushal Raut by Kushal Raut
February 14, 2022
Reading Time: 3 mins read
1
Vodafone Idea Debt

Vodafone Idea debt: A look at how the Bank would impact the Rs. 1.8 lakh crore!

Vodafone Idea Debt is something that everyone is aware of. Vodafone Idea (Vi), which is heavily in debt, may be able to reduce its debt if it agrees to convert it into equity. A telecommunications firm does not have the cash flow to repay its debt comfortably while expanding its network at the same time. 

RELATED POSTS

LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

“Ajay Devgan starts shooting for Drishyam 2” shares photos from the sets

Vodafone Idea Debt

The telco’s promoters have also confirmed to analysts that they do not intend to give the firm any more capital. Since Vi has a negative cash flow, and it is losing subscribers, lacks government support, and its promoters are no longer backing the company, we don’t have much we can do at the moment.

Vodafone Idea Debt Report

As per a Nomura report, the largest exposure to the firm is State Bank of India, although IDFC First Bank and YES Bank have relatively large exposures in terms of materiality.

Telco Vodafone Idea, battered and bruised, sees no light as its survival is uncertain as it is hammered, battered, and bruised. Kumar Mangalam, chairman of Aditya Birla Group, offered his stake in VIL to the government or another entity as a means of keeping the company afloat recently.

Check Out: The Story of the Adani Group: Gautam Adani

CEO Nick Read earlier announced that Vodafone Idea (Vi) would not receive new equity funding.

ADVERTISEMENT

By March 31, 2021, Vodafone Idea is likely to have a debt of about Rs 1.8 lakh crore. Large exposure to the company is held by eight large banks, including SBI. The three banks with the lowest percentage to book are IDFC First Bank, YES Bank, and IndusInd Bank. Around five percent of SBI’s loan book is exposed to Vodafone Idea, whereas around three percent of IDFC First Bank’s book involves Vodafone Idea.

The solution to Debt: Converting Debt to Equity

Vodafone Idea Debt

Because their exposure is not very high as a percentage of their books, larger banks may not have to worry much. In addition, most banks had begun preparing for potential losses from VI. It’s been a while since banks prepared for this. However, smaller lenders may not be able to offer that.

Check out: AGR Dues: Airtel and Vodafone to hike prepaid plan rates.

State Bank of India is one of the firm’s largest exposed banks on the basis of a Nomura research report, but IDFC First Bank and YES Bank are also very large exposures on the basis of materiality.

Vodafone Idea Debt: How And Why Bank Would Make An Impact On Rs. 1.8 Lakh Crore Debt! Vodafone Idea Debt: How And Why Bank Would Make An Impact On Rs. 1.8 Lakh Crore Debt! Vodafone Idea Debt: How And Why Bank Would Make An Impact On Rs. 1.8 Lakh Crore Debt!

The face of Banks in Vodafone Idea Debt

Vodafone Idea Debt In The Face Of Top Banks

The IndusInd Bank has a funded exposure of about Rs 1,000 crore, and the remainder is unfinanced. For two years now, investors have been concerned about VI risks. Under-investment grade banks are well known. The supports from the banks can be useful for curbing the Vodafone Idea Debt.

Punjab National Bank MD, S S Mallikarjuna Rao said the recent developments were concerning for banks as they relate to the AGR issues affecting the telecom companies. In spite of this, Rao said PNB’s exposure to VIL is not very high and therefore won’t have any bearing on its balance sheet.

Rao, referring to KM Birla’s announcement yesterday that he would hand over his stake in the company to the government or to any other entity, said, “We will definitely speak to other bankers to see what our options are going forward.”.

Statements 

By March 31, 2021, VIL had a gross debt of Rs 1,80,310 crore, net of lease obligations. Against the outstanding exposure of Rs 3,244 crore (funded and non-funded) of IDFC First Bank, there is a provision of 15 percent (Rs 487 crore). It is time to conclude about the Vodafone Idea debt, more details would be available soon after the decision is finalized. 

In its investor presentation, the lender described the account as “one large telecom account,” adding that the account is current and has no overdue as of June 30, 2021.

Tags: IdeaVodafoneVodafone Idea Debt
Share30Tweet19Share5Pin8ShareSend
Kushal Raut

Kushal Raut

Tech Enthusiast | He loves to write about Technology and share his experience in whatever way possible | Other than Tech, can cover a variety of topics! Ping him at kushal@morkiz.com

Related Posts

Lic Ipo - 2022 Detailed Updates, How To Apply, Price, Gmp, Ipo Date And Other Important Details You Need To Know!
Breaking

LIC IPO – 2022 Detailed Updates, How To Apply, Price, GMP, IPO Date And Other Important Details You Need To Know!

April 29, 2022
1.2k
One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million
World News

One Of The Biggest Ever Crypto Heists – Hackers Steal Over $600 Million

March 31, 2022
1.2k
Ajay Devgan Starts Shooting For Drishyam 2
Breaking

“Ajay Devgan starts shooting for Drishyam 2” shares photos from the sets

February 17, 2022
1.2k
Disco King, Bappi Lahiri Dies At Mumbai'S Criticare Hospital
Breaking

Disco King, Bappi Lahiri dies at Mumbai’s CritiCare Hospital

February 16, 2022
1.2k
Oklahoma Earthquake
Breaking

Oklahoma Earthquake, a 4.6-magnitude earthquake shakes the state, Tulsa and Kansas City also effected

February 1, 2022
1.2k
Vodafone Idea: A Loan Lifeline Is Reportedly Being Discussed By Vodafone Idea And Sbi
Breaking

Vodafone Idea: A loan lifeline is reportedly being discussed by Vodafone Idea and SBI

December 18, 2021
1.2k
Next Post
Nasa Mars Mission

NASA Mars mission is seeking applicants for four spots in a simulated Martian habitat.

Turkey Wildfires

Turkey Wildfires calmed down by rains: Catch the entire story!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Evidence Of Water Vapor Hubble Telescope

Evidence of water vapor found by the Hubble Telescope on Jupiter’s Moon.

February 14, 2022
1.2k
China Helicopter

Miniature China helicopter for Mars Missions developed by China!

February 14, 2022
1.3k
Raj Kaushal: What You Need To Know About The Inspirational Filmmaker

Raj Kaushal: What You Need To Know About The Inspirational Filmmaker

June 30, 2021
1.2k

Popular Stories

  • Descendants Of The Sun Season 2

    Descendants of the Sun Season 2: Release Date, Cast & More

    284 shares
    Share 113 Tweet 71
  • El Cid Season 3: Release Date, Plot, Recap & Everything We Know

    171 shares
    Share 68 Tweet 43
  • So I’m a Spider, So What Season 2 – Release date, Expected plot, Recap – Everything We Know!

    164 shares
    Share 66 Tweet 41
  • Monster Anime by Naoki Urasawa: Where can you watch?

    150 shares
    Share 60 Tweet 38
  • Watch Kurulus Osman Online in Urdu and Hindi for Free

    107 shares
    Share 42 Tweet 26

New York
◉
55°
Fair
5:34am8:10pm EDT
Feels like: 55°F
Wind: 3mph ESE
Humidity: 90%
Pressure: 29.85"Hg
UV index: 0
SatSunMon
90/72°F
90/63°F
77/59°F
Weather forecast New York, New York ▸
  • About Us & Our Team
  • Cookie Policy
  • Privacy Policy
  • Disclaimer
  • Editorial Policy
  • Guest Posts
  • Contact Us

© 2022 Spire News

No Result
View All Result
  • World News
  • Entertainment
  • Business & Finance
  • Sports
  • Technology
  • Inspiration

© 2022 Spire News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In