Ilfs Crisis

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

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

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

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

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

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

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

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

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

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