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JAIIB-CAIIB Special 14- EPFO looks to pull back NBFC investments to avert default risk

Mahendra Guru
JAIIB-CAIIB Special 14- EPFO looks to pull back NBFC investments to avert default risk


EPFO is planning to seek early repayment of some of its investments from troubled firms in the sector, such as DHFL
-> Issue was discussed by the EPFO’s Finance, Investment and Audit Committee (FIAC) 

-> EPFO has been monitoring the downgrades of certain NBFCs.

-> Investment by the EPFO in IL&FS at Rs. 574.73 crore

-> As on March 31, 2018, the EPFO’s total debt corpus was at Rs.9.78 lakh crore. With Rs.6.23-lakh cr revenue, Reliance Industries emerges top Indian firm on all counts

-> RIL headed by India’s richest man Mukesh Ambani, has emerged the biggest company by revenue, toppling state-owned Indian Oil Corporation (IOC)

-> RIL was also the most profitable Indian company with a net profit of Rs.39,588 crore

-> RIL closed up 1.08 per cent at Rs.1,339.75 on the BSE, with a market capitalisation of Rs.8.50-lakh crore.

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