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
The Reserve Bank of India’s annual report categorically makes it clear that reviving growth is the highest priority for policymakers at this juncture.
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.
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
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
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.
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
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
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
The exercise to close these companies was also an attempt to simplify the complex structure at IL&FS
IL&FS crisis: Spate of auditors' resignations in SMEs must be viewed seriously; it's time MCA swings into action
It is widely known that IL&FS created some 348 Special Purpose Vehicles (SPV)
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
As on 31 December, 2018, promoters held 41.62 percent stake in ZEEL Entertainment Enterprises Ltd
The investment would be done by subscribing 300 crore shares of face value of Rs 10 each issued by Dish Infra Services