Mumbai: A day after Kumar Mangalam Birla’s letter warning that Vodafone Idea<\/a> (VIL<\/a>) may reach an “irretrievable point of collapse” became public, banks are worried about the fate of the telecom major which, they say, is “too big to fail”. 一天后Kumar Mangalam贝拉的信警告,沃达丰的想法(垂直注入逻辑)可能达到一个“无法挽回的崩溃”成为公众,银行担心电信主要的命运,他们说,“太大而不能倒闭”。 孟买:一天后Kumar Mangalam贝拉的信警告说沃达丰的想法(垂直注入逻辑)可能达到一个“无法挽回的崩溃”成为公众,银行担心电信主要的命运,他们说,“太大而不能倒闭”。
Lenders, both Indian and global, have an exposure of Rs 1.8 lakh crore. A large part of this is in the form of guarantees. Some private lenders with a funded exposure have already started making provisions. However, the bulk of the exposure is to public sector banks.
If VIL fails to repay its dues to the government<\/a> and these guarantees are invoked, it would immediately turn into debt and would soon be classified as a non-performing asset. The hit on public sector banks will not be as large as their exposure because in recent years, lenders have been demanding a substantially higher cash margin from Vodafone<\/a> for their guarantees. IDBI Bank<\/a> is understood to have up to 40% margins for the guarantees it has extended. But even then it will be large enough to wipe out profits for many.
For banks, recovery of debt is contingent on VIL remaining operational and retaining customers. While the company continues to have close to a fourth of the Indian market, its situation could change overnight if there is a default. According to bankers, the insolvency process can work only when there are buyers. In the case of VIL, the Rs 53,000-crore AGR (adjusted gross revenue) dues to the Centre are a deterrent. This is despite Birla being willing to write down his entire equity.
The government dues cannot be avoided as the Centre cannot make an exception for one company. Even in insolvency cases, the telecom department has claimed its dues to be that of a financial creditor although there have been attempts to mark them as operational creditors. The uncertainty over telecom department’s claims, which is already being experienced by lenders in the Reliance Communication<\/a> insolvency case, would makes telecom resolutions a challenge. Lenders do not want to risk insolvency as this would result in the exit of customers which was the case with RCom<\/a>.
Lenders say besides the company’s debt obligations being equal to 1.5% of the banking sector’s credit, VIL is a large telecom infrastructure provider. Several business applications run on their networks and the company is one of the largest providers of “internet of things” service. A bank executive said insolvency would be a worst-case scenario as there is a risk of customers migrating.
<\/p><\/body>","next_sibling":[{"msid":85026801,"title":"Airtel plans to file review petition in SC against order in AGR case","entity_type":"ARTICLE","link":"\/news\/airtel-plans-to-file-review-petition-in-sc-against-order-in-agr-case\/85026801","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"85026653","title":"Voda Idea","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/voda-idea-lenders-fret-over-too-big-to-fail-telco-giant\/voda-idea","category_name":"Voda Idea lenders fret over \u2018too big to fail\u2019 telco giant","synopsis":"Lenders say besides the company\u2019s debt obligations being equal to 1.5% of the banking sector\u2019s credit, VIL is a large telecom infrastructure provider. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-75611\/85026653.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/voda-idea-lenders-fret-over-too-big-to-fail-telco-giant\/voda-idea\/85026653"},{"msid":"84996276","title":"Vodafone Idea shares tank 10%. Here's why","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/vodafone-idea-shares-tank-10-heres-why","category_name":"News","synopsis":"Shares of cash-strapped Vodafone Idea declined 10 per cent to 7.46 on Tuesday.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-101649\/84996276.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/vodafone-idea-shares-tank-10-heres-why\/84996276"},{"msid":"85005058","title":"Biggest gainers & losers of the day: Hindustan Oil continues to shine, Vodafone Idea bleeds 11%","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/biggest-gainers-losers-of-the-day-hindustan-oil-continues-to-shine-vodafone-idea-bleeds-11","category_name":"News","synopsis":"Among stock-specific actions, Sanghi Industries stole the spotlight, whereas Hindustan Oil Exploration continued to be on investors' radar. On the contrary, investors kept Vodafone Idea at bay and booked profits in the recent gainers.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-798379\/85005058.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/biggest-gainers-losers-of-the-day-hindustan-oil-continues-to-shine-vodafone-idea-bleeds-11\/85005058"},{"msid":"85017845","title":"Stock markets likely reflecting the future growth prospects: FM","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/stock-markets-likely-reflecting-the-future-growth-prospects-fm","category_name":"News","synopsis":"Finance minister Nirmala Sitharaman said India\u2019s stock markets were rising in anticipation of a revival in the economy due to the government\u2019s stimulus measures. She also pointed to the decline in market volatility since March 2020.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-85910\/85017845.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/stock-markets-likely-reflecting-the-future-growth-prospects-fm\/85017845"}],"msid":85027660,"entity_type":"ARTICLE","title":"Vodafone Idea lenders fret over \u2018too big to fail\u2019 telco giant","synopsis":"A day after Kumar Mangalam Birla\u2019s letter warning that Vodafone Idea (VIL) may reach an \u201cirretrievable point of collapse\u201d became public, banks are worried about the fate of the telecom major which, they say, is \u201ctoo big to fail\u201d.","titleseo":"telecomnews\/vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant","status":"ACTIVE","authors":[{"author_name":"Mayur Shetty","author_link":"\/author\/5033\/mayur-shetty","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/5033.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":5033,"author_name":"Mayur Shetty","author_seo_name":"Mayur-Shetty","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":3097,"shares":0,"engagementtimems":15485000},"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2021-08-04 09:05:02","lastupd":"2021-08-04 09:05:35","breadcrumbTags":["Vodafone Idea","Reliance Communication","Vodafone","idbi bank","Government","VIL","RCom","Industry","vodafone idea agr dues","Vodafone group"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant"}}" data-authors="[" mayur shetty"]" data-category-name="" data-category_id="" data-date="2021-08-04" data-index="article_1">
沃达丰想法贷款人担心“太大而不能倒闭”的电信巨头
印度和全球银行,有接触的多数1.8卢比。很大一部分是形式的担保。一些私人贷款资助的接触已经开始做出规定。然而,大量的曝光是公共部门银行。
如果维尔未能偿还费政府这些保证调用时,它会立即变成债务,将很快被列为不良资产。在公共部门银行将不会与他们的接触一样大,因为近年来,银行已经要求更高的现金保证金沃达丰(Vodafone)为他们的保证。IDBI银行据悉,利润率高达40%的担保扩展。但即便如此,这将是足以消灭许多利润。
政府税无法避免中心不能为一个公司破例。甚至在破产的情况下,电信部门声称其会费的金融债权虽然已经尝试将它们标记为操作债权人。不确定性电信部门的主张,已被银行的经历信实通信破产的情况下,会使电信决议一个挑战。银行不想破产风险,这将导致客户的退出的情况信实电信。
银行说,除了公司的债务等于1.5%的银行业信贷,维尔是一个大型的电信基础设施提供者。几个业务应用程序运行在他们的网络和公司最大的“物联网”服务的提供者。银行高管说破产将会是一个最坏的情况是有一个客户迁移的风险。
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Mumbai: A day after Kumar Mangalam Birla’s letter warning that Vodafone Idea<\/a> (VIL<\/a>) may reach an “irretrievable point of collapse” became public, banks are worried about the fate of the telecom major which, they say, is “too big to fail”.
Lenders, both Indian and global, have an exposure of Rs 1.8 lakh crore. A large part of this is in the form of guarantees. Some private lenders with a funded exposure have already started making provisions. However, the bulk of the exposure is to public sector banks.
If VIL fails to repay its dues to the government<\/a> and these guarantees are invoked, it would immediately turn into debt and would soon be classified as a non-performing asset. The hit on public sector banks will not be as large as their exposure because in recent years, lenders have been demanding a substantially higher cash margin from Vodafone<\/a> for their guarantees. IDBI Bank<\/a> is understood to have up to 40% margins for the guarantees it has extended. But even then it will be large enough to wipe out profits for many.
For banks, recovery of debt is contingent on VIL remaining operational and retaining customers. While the company continues to have close to a fourth of the Indian market, its situation could change overnight if there is a default. According to bankers, the insolvency process can work only when there are buyers. In the case of VIL, the Rs 53,000-crore AGR (adjusted gross revenue) dues to the Centre are a deterrent. This is despite Birla being willing to write down his entire equity.
The government dues cannot be avoided as the Centre cannot make an exception for one company. Even in insolvency cases, the telecom department has claimed its dues to be that of a financial creditor although there have been attempts to mark them as operational creditors. The uncertainty over telecom department’s claims, which is already being experienced by lenders in the Reliance Communication<\/a> insolvency case, would makes telecom resolutions a challenge. Lenders do not want to risk insolvency as this would result in the exit of customers which was the case with RCom<\/a>.
Lenders say besides the company’s debt obligations being equal to 1.5% of the banking sector’s credit, VIL is a large telecom infrastructure provider. Several business applications run on their networks and the company is one of the largest providers of “internet of things” service. A bank executive said insolvency would be a worst-case scenario as there is a risk of customers migrating.
<\/p><\/body>","next_sibling":[{"msid":85026801,"title":"Airtel plans to file review petition in SC against order in AGR case","entity_type":"ARTICLE","link":"\/news\/airtel-plans-to-file-review-petition-in-sc-against-order-in-agr-case\/85026801","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"85026653","title":"Voda Idea","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/voda-idea-lenders-fret-over-too-big-to-fail-telco-giant\/voda-idea","category_name":"Voda Idea lenders fret over \u2018too big to fail\u2019 telco giant","synopsis":"Lenders say besides the company\u2019s debt obligations being equal to 1.5% of the banking sector\u2019s credit, VIL is a large telecom infrastructure provider. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-75611\/85026653.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/voda-idea-lenders-fret-over-too-big-to-fail-telco-giant\/voda-idea\/85026653"},{"msid":"84996276","title":"Vodafone Idea shares tank 10%. Here's why","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/vodafone-idea-shares-tank-10-heres-why","category_name":"News","synopsis":"Shares of cash-strapped Vodafone Idea declined 10 per cent to 7.46 on Tuesday.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-101649\/84996276.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/vodafone-idea-shares-tank-10-heres-why\/84996276"},{"msid":"85005058","title":"Biggest gainers & losers of the day: Hindustan Oil continues to shine, Vodafone Idea bleeds 11%","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/biggest-gainers-losers-of-the-day-hindustan-oil-continues-to-shine-vodafone-idea-bleeds-11","category_name":"News","synopsis":"Among stock-specific actions, Sanghi Industries stole the spotlight, whereas Hindustan Oil Exploration continued to be on investors' radar. On the contrary, investors kept Vodafone Idea at bay and booked profits in the recent gainers.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-798379\/85005058.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/biggest-gainers-losers-of-the-day-hindustan-oil-continues-to-shine-vodafone-idea-bleeds-11\/85005058"},{"msid":"85017845","title":"Stock markets likely reflecting the future growth prospects: FM","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/stock-markets-likely-reflecting-the-future-growth-prospects-fm","category_name":"News","synopsis":"Finance minister Nirmala Sitharaman said India\u2019s stock markets were rising in anticipation of a revival in the economy due to the government\u2019s stimulus measures. She also pointed to the decline in market volatility since March 2020.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-85910\/85017845.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/stock-markets-likely-reflecting-the-future-growth-prospects-fm\/85017845"}],"msid":85027660,"entity_type":"ARTICLE","title":"Vodafone Idea lenders fret over \u2018too big to fail\u2019 telco giant","synopsis":"A day after Kumar Mangalam Birla\u2019s letter warning that Vodafone Idea (VIL) may reach an \u201cirretrievable point of collapse\u201d became public, banks are worried about the fate of the telecom major which, they say, is \u201ctoo big to fail\u201d.","titleseo":"telecomnews\/vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant","status":"ACTIVE","authors":[{"author_name":"Mayur Shetty","author_link":"\/author\/5033\/mayur-shetty","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/5033.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":5033,"author_name":"Mayur Shetty","author_seo_name":"Mayur-Shetty","designation":"Editor","agency":false}}],"analytics":{"comments":0,"views":3097,"shares":0,"engagementtimems":15485000},"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2021-08-04 09:05:02","lastupd":"2021-08-04 09:05:35","breadcrumbTags":["Vodafone Idea","Reliance Communication","Vodafone","idbi bank","Government","VIL","RCom","Industry","vodafone idea agr dues","Vodafone group"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant/85027660">
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