Nbfc Crisis

Showing of 1 - 20 from 31 results
Nbfc Crisis - Total results - 31
India facing 'Great Slowdown', economy headed to ICU, says former CEA Arvind Subramanian
Business

India facing 'Great Slowdown', economy headed to ICU, says former CEA Arvind Subramanian

India is facing a "Great Slowdown" with its economy headed for intensive care unit primarily due to a "second wave" of the twin balance sheet crisis at banks, former Chief Economic Adviser Arvind Subramanian has said

Why whistleblower 2.0 is a body blow to Infosys, renewable energy needs a renewed thrust; all this and more on Moneycontrol Pro
Business

Why whistleblower 2.0 is a body blow to Infosys, renewable energy needs a renewed thrust; all this and more on Moneycontrol Pro

Infosys, once the poster boy of corporate governance in India, is for the second time in two years at the receiving end after whistleblowers alleged fudging of numbers

What does US-China trade truce mean for India, IndusInd Q2 result woes; all this and more in Moneycontrol Pro
Business

What does US-China trade truce mean for India, IndusInd Q2 result woes; all this and more in Moneycontrol Pro

Infosys September quarter results have been healthy, with industry-leading growth, improvement in margins and strong order inflow.

CDSL freezes DHFL's promoter holding for delay in announcing company's financial earnings
Business

CDSL freezes DHFL's promoter holding for delay in announcing company's financial earnings

Leading depository CDSL has frozen shareholding of debt-ridden mortgage lender DHFL's promoters because of delay in announcement of the company's financial earnings, sources said on Monday

Essel group completes first tranche of stake sale in ZEEL, will divest more to meet MF commitments
Business

Essel group completes first tranche of stake sale in ZEEL, will divest more to meet MF commitments

Subhash Chandra-led Essel Group on Tuesday said it has part-completed its promoter stake sale in flagship Zee Entertainment Enterprises, and is working on more divestments to pay off the Rs 13,000 crore owed to lenders

DSP Mutual Fund recovers entire dues of Rs 150 cr from DHFL; leads to 'positive' impact on 7 of its funds
Business

DSP Mutual Fund recovers entire dues of Rs 150 cr from DHFL; leads to 'positive' impact on 7 of its funds

DHFL owes around Rs 1 lakh crore to the system, including over Rs 50,000 crore to banks, while the rest are from entities like mutual funds.

Liquidity crunch key factor for slowdown, is it a bittersweet win for JSW to buy Bhushan Power; all this and more on Moneycontrol Pro
Business

Liquidity crunch key factor for slowdown, is it a bittersweet win for JSW to buy Bhushan Power; all this and more on Moneycontrol Pro

Others say that the credit slowdown is the result of lower demand in the economy and not its cause.

Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs
Business

Liquidity crisis: As NBFC crisis lingers on, SBI sews up maiden 'co-origination' pact to lend to MSMEs

MSMEs used to be a major customer-base for the crippled financiers, a top official said on Tuesday.

Union Bank says lenders may be forced to convert half of their DHFL debt into equity, will be for short-term
Business

Union Bank says lenders may be forced to convert half of their DHFL debt into equity, will be for short-term

DHFL has become the poster-boy of the NBFC crisis that afflicted the financial sector after the infra-lender IL&FS went belly up last September

RBI governor Shaktikanta Das rules out asset quality review of NBFCs for now
Business

RBI governor Shaktikanta Das rules out asset quality review of NBFCs for now

Even as he reiterated the regulatory resolve to not let any large NBFC fail, Reserve Bank governor Shaktikanta Das Monday ruled out ordering an asset quality review of the systematically important shadow banks for now

Bank of America Merril Lynch is betting on banks slashing lending rates by 50 bps by March
Business

Bank of America Merril Lynch is betting on banks slashing lending rates by 50 bps by March

RBI surprisingly cut its key lending rate by 0.25% to 6.25 as it sought to up the sagging growth amid a slowdown in inflation at its 7 February policy

NBFC crisis: Liquidity steps for non-banking finance companies too little, too short-term, says Fitch report
Business

NBFC crisis: Liquidity steps for non-banking finance companies too little, too short-term, says Fitch report

The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pressure only for the short-term, says a report

Cash-strapped DHFL defaults on repayments of Rs 8.07-cr secured non-convertible debentures
Business

Cash-strapped DHFL defaults on repayments of Rs 8.07-cr secured non-convertible debentures

Beleaguered housing finance company DHFL again defaulted on bond repayments to the tune of Rs 8.07 crore on 23 July, according to an exchange filing

NSE to exclude DHFL shares from equity derivatives segment from 27 September
Business

NSE to exclude DHFL shares from equity derivatives segment from 27 September

Shares of crisis-hit Dewan Housing Finance Corporation Ltd (DHFL) will be excluded from the equity derivatives segment on the National Stock Exchange from 27 September

DHFL shares plummet nearly 33% after company posts biggest-ever quarterly loss of Rs 2,224 cr in March quarter
Business

DHFL shares plummet nearly 33% after company posts biggest-ever quarterly loss of Rs 2,224 cr in March quarter

Shares of DHFL cracked nearly 33 percent on Monday after the company posted the biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended 31 March

Economic Survey 2019: CEA’s sage advice to Narendra Modi govt to spend wisely is critical to overcome slowdown phase
Business

Economic Survey 2019: CEA’s sage advice to Narendra Modi govt to spend wisely is critical to overcome slowdown phase

The Economic Survey suggests the government should ensure the implementation of populist schemes does not adversely impact the path to fiscal consolidation

Financial stability a key metric for monetary policy now: RBI Governor Shaktikanta Das
Business

Financial stability a key metric for monetary policy now: RBI Governor Shaktikanta Das

Financial stability has emerged as a key consideration for monetary policy formulation in the post-2008 financial crisis world beyond the imperatives of inflation and growth, Reserve Bank Governor Shaktikanta Das said on Monday

RBI to have fresh look at NBFC supervision: All you need to know about what's ailing India's shadow banking sector
Business

RBI to have fresh look at NBFC supervision: All you need to know about what's ailing India's shadow banking sector

Many large NBFCs have come under severe liquidity pressure, compelling them to bring down their reliance on commercial papers following series of default by group companies of IL&FS

DHFL says making all efforts to meet debt obligations within 7 days of grace period; shares fall 11%
Business

DHFL says making all efforts to meet debt obligations within 7 days of grace period; shares fall 11%

After defaulting on its debt obligations, crisis-hit Dewan Housing Finance Ltd (DHFL) on Friday said it is taking all necessary steps to meet repayments within the seven-day grace period and prevent any future default