![\"\"](\"\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
Shares of SBI fell 8%, while other lenders with large exposure to telcos like Yes Bank and IndusInd Bank also dropped up to 5% on Friday. Analysts fear that the SC order could lead to a Vodafone Idea shutdown. “It may result in Rs 1.2-lakh-crore debt default, large-scale job losses and subscriber churn,” said Motilal Oswal<\/a> in a report.
Addressing reporters on the sidelines of the Nasscom<\/a> Software summit here, Kumar said: “Our exposure to them is Rs 29,000 crore. After this order we will ask them what their plans are to comply with the order and whatever is the situation, we are capable of handling it.” He added that he expected the telcos to have identified “a course of action” as the order was known for some time.
So far, SBI has provided only for non-performing assets (NPAs) in its telecom loans. “We had NPAs of about Rs 9,000 crore and there is recovery expected there. On the standard assets, we did not feel the need to provide,” said Kumar. Besides the loans, SBI has an additional Rs 14,000 crore of non-fund exposure, which includes guarantees to the government, where the telcos have not defaulted.
“It is now for the telecom companies to decide how to find the money or what course of action they will take,” said Kumar. Analysts had earlier expected that the government would provide relief to the telcos. The Centre is counting on Rs 90,000 crore of spectrum dues from Vodafone, which in turn owes banks Rs 30,000 crore. Given that the promoter’s investment in the company is Rs 15,000 crore there is a likelihood that Vodafone and Aditya Birla group will walk away.
In December last year, Aditya Birla Group chairman Kumar Mangalam Birla<\/a> had said that Vodafone Idea may have to shut down if there is no relief in the statutory dues. If Vodafone shuts shop, it is seen to benefit Reliance Jio and Airtel. “Bharti is relatively well placed considering Rs 18,800-crore cash on books and its ability to raise requisite capital. In the absence of any government support, we see this market heading towards a duopoly, which is likely to boost Bharti’s market share,” said Sandip Agarwal of Edelweiss Research.
Last month, India Ratings had downgraded Vodafone India from ‘IND BBB-’ from ‘IND BBB’ and retained on rating watch with negative implications. “The downgrade reflects the crystallisation of adjusted gross revenue related liabilities for Vodafone Idea after the Supreme Court’s adverse ruling on January 16, 2020, dismissing the review petition filed by telcos. The SC ruling provides clarity on the liabilities that are payable by Vodafone Idea to the department of telecommunications, which was earlier contingent upon the outcome of the review petition,” said Priyanka Bansal, senior analyst with India Ratings after the January 16 decision.
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电信求救信号:印度国家银行表示,它准备最坏的打算
印度国家银行主席Rajnish Kumar周五表示,该行已做好最坏打算后,最高法院命令要求电信公司立即支付调整后总收入(AGR)税给政府。印度国家银行价值29000卢比的贷款敞口电信,印度的银行中最大的。
印度国家银行的股价下跌了8%,而其他银行有大量暴露于电信公司对银行和IndusInd周五银行也下降了5%。分析人士担心,SC的顺序可能导致沃达丰想法关闭。“这Rs 1.2 -lakh-crore债务违约,可能导致大规模失业和用户流失,”说Motilal Oswal在一份报告中称。
应对记者的间隙行业协会软件峰会,Kumar说:“我们的接触是29000卢比。此订单后,我们会要求他们计划要遵守秩序,任何情况下,我们有能力处理它。”他补充说,他预计电信公司已经确定了“行动”的顺序是有一段时间了。
到目前为止,印度国家银行仅为不良资产提供电信贷款(npa)。“我们有npa约为9000卢比,那里有复苏的预期。标准的资产,我们不觉得需要提供,”Kumar表示。除了贷款,印度国家银行有一个额外的14000卢比non-fund曝光,包括政府担保,电信公司没有违约。
“现在电信公司决定如何找到钱或他们将采取什么行动,”Kumar表示。分析师此前预计,政府将为电信运营商提供救济。光谱的中心是指望90000卢比从沃达丰会费,反过来欠银行30000卢比。鉴于发起人在公司的投资15000卢比有一个可能性,沃达丰和Aditya Birla集团将摘走。
去年12月,Aditya Birla集团董事长Kumar Mangalam贝拉曾表示,沃达丰的想法可能不得不关闭如果没有法定的救济措施费。如果沃达丰关闭商店,它被认为受益Jio和Airtel的依赖。“Bharti相对考虑价值18800卢比现金放在书籍和能力筹集必要的资金。在没有任何政府的支持,我们看到这个市场走向垄断,这可能会提振Bharti的市场份额,Sandip Agarwal说雪绒花的研究。
上个月,印度评级下调了沃达丰印度从印第安纳州BBB -的印第安纳州BBB和保留与负面影响评级表。“降级反映了结晶调整后的总收益相关负债沃达丰的想法后,最高法院的不利判决1月16日,2020年,驳回复审电信公司提交的请愿书。SC执政提供了清晰的债务所支付的沃达丰电信部门的想法,这是前视的结果审查请愿,“卡邦萨尔说,与印度的高级分析师评级后,1月16日的决定。
