Ilfs Crisis

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Ilfs Crisis - Total results - 67
RBI Central Board discusses regulatory framework of co-op banks amid PMC Bank scam
Business

RBI Central Board discusses regulatory framework of co-op banks amid PMC Bank scam

The Reserve Bank's central board on Friday discussed in detail the regulatory and supervisory architecture of commercial and cooperative banks against the backdrop of Rs 4,500 crore scam at the PMC Bank

RBI's annual report confirms pain of economic slowdown may linger for a while; ball is in government’s court now
Business

RBI's annual report confirms pain of economic slowdown may linger for a while; ball is in government’s court now

The Reserve Bank of India’s annual report categorically makes it clear that reviving growth is the highest priority for policymakers at this juncture.

IL&FS may not have disclosed bad loans for years, former board completely incompetent: RBI report
Business

IL&FS may not have disclosed bad loans for years, former board completely incompetent: RBI report

The collapse of IL&FS led to contagion fears that hit many other Indian shadow banks and dented credit growth, sparking a broader economic slowdown that has severely stung the domestic auto and real estate sectors.

IL&FS case: NCLT rejects Deloitte, KPMG arm's no-jurisdiction plea; next hearing on 5 September
Business

IL&FS case: NCLT rejects Deloitte, KPMG arm's no-jurisdiction plea; next hearing on 5 September

An Indian tribunal on Friday rejected an appeal by the auditors of debt-laden Infrastructure Leasing & Financial Services (IL&FS), challenging the court’s jurisdiction to ban them for alleged abetment of financial fraud

IL&FS crisis: Cash-strapped infrastructure lender says on course to clear Rs 20,000 cr debt
Business

IL&FS crisis: Cash-strapped infrastructure lender says on course to clear Rs 20,000 cr debt

Infrastructure Leasing & Financial Services (IL&FS), which has an outstanding debt of Rs 94,216 crore, said on Wednesday the board has taken various steps to address over Rs 20,000 crore of its debt pile over the past nine months

IL&FS crisis: ICRA, CARE question Grant Thornton's report on cash-strapped infrastructure lender
Business

IL&FS crisis: ICRA, CARE question Grant Thornton's report on cash-strapped infrastructure lender

Rating agency CARE on Monday claimed that the interim report by Grant Thornton's on IL&FS Group "misses" some rudimentary elements of the process of credit rating

SEBI needs more funds, not less; govt move to suck out regulator funds comes amid a corporate governance crisis
Business

SEBI needs more funds, not less; govt move to suck out regulator funds comes amid a corporate governance crisis

The Finance Ministry's Budget proposal to suck out to the Centre's kitty a quarter of SEBI's surplus every year is against the grain because what India needs badly now is a culture of progressive corporate governance, on which SEBI has barely scratched the surface

IL&FS mess: From tickets for Real Madrid match to watches and shirts, gifts doled out to rating agencies, reveals interim report
Business

IL&FS mess: From tickets for Real Madrid match to watches and shirts, gifts doled out to rating agencies, reveals interim report

The mandate was to audit the role of the credit rating agencies and ascertain whether there were any possible wrong-doings in rating IL&FS group companies during 2008-2018.

DHFL demise imminent just like debt-ridden IL&FS: India’s regulators, raters failed to catch early signs of NBFC mess
Business

DHFL demise imminent just like debt-ridden IL&FS: India’s regulators, raters failed to catch early signs of NBFC mess

In the case of both IL&FS and DHFL, rating agencies stepped in the last minute to call out the nature of stress in these firms and warn investors

DHFL crisis: Bankers likely to recast crisis-hit housing finance company's outstanding loans of over Rs 38,000 cr
Business

DHFL crisis: Bankers likely to recast crisis-hit housing finance company's outstanding loans of over Rs 38,000 cr

On 25 June, DHFL said it failed to make Rs 225 crore payment of unsecured commercial paper payment. It will be paid over the next few days, the company said.

DHFL lenders to meet today to seek solution for Rs 90,000 cr debt; may consider conversion of debt into equity
Business

DHFL lenders to meet today to seek solution for Rs 90,000 cr debt; may consider conversion of debt into equity

The DHFL debt has been downgraded by multiple rating agencies as the stress kept building up, while the company has also deferred announcement of quarterly results last week.

IL&FS scam: Two former executives of crisis-hit lending firm sent to ED custody till 25 June
Business

IL&FS scam: Two former executives of crisis-hit lending firm sent to ED custody till 25 June

Two former IL&FS executives arrested by the Enforcement Directorate for their alleged roles money laundering for the crisis-hit lending firm, were on Thursday remanded to six-day custody of the central agency

IL&FS may file contempt case against nine banks for unauthorised withdrawals of about Rs 800 cr from firm's escrow accounts
Business

IL&FS may file contempt case against nine banks for unauthorised withdrawals of about Rs 800 cr from firm's escrow accounts

The banks made “unauthorised auto-deduction from IL&FS escrow accounts” in the last six months towards debt recovery

IL&FS crisis' adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings
Business

IL&FS crisis' adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings

The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking

Daily Bulletin: EVM row dominates discourse ahead of counting, Naidu strives to unite Opposition front, ISRO launches RISAT-2B; day's top stories
Politics

Daily Bulletin: EVM row dominates discourse ahead of counting, Naidu strives to unite Opposition front, ISRO launches RISAT-2B; day's top stories

A day ahead of counting, controversy over EVMs rages on as does the Opposition's efforts to consolidate an anti-NDA front, even as exit poll predicts a comfortable win for BJP, ISRO launched earth observation satellite RISAT-2B; day's top stories

IL&FS crisis: Debt-laden firm closes 45 entities accused of round-tripping funds, halves workforce to 8,000
Business

IL&FS crisis: Debt-laden firm closes 45 entities accused of round-tripping funds, halves workforce to 8,000

The exercise to close these companies was also an attempt to simplify the complex structure at IL&FS

Banks stare at a massive Rs 30,000 crore loan write-off: Why IL&FS is yet to meet its Vijay Mallya moment
Business

Banks stare at a massive Rs 30,000 crore loan write-off: Why IL&FS is yet to meet its Vijay Mallya moment

The apparent reason why individual responsibility has not been fixed in case of IL&FS is it was promoted by a clutch of public sector insurance companies

Essel Group promoters open to selling over 50% of their stake in Zee Entertainment, in talks with over 2 buyers
Business

Essel Group promoters open to selling over 50% of their stake in Zee Entertainment, in talks with over 2 buyers

As on 31 December, 2018, promoters held 41.62 percent stake in ZEEL Entertainment Enterprises Ltd

Dish TV to invest Rs 3,000 crore in its subsidiary Dish Infra Services through a right issue
Business

Dish TV to invest Rs 3,000 crore in its subsidiary Dish Infra Services through a right issue

The investment would be done by subscribing 300 crore shares of face value of Rs 10 each issued by Dish Infra Services