Nbfc Crisis

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

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

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

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

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

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

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

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

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

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