NBFCs Add Risk To Slowing Economy
Banks are significantly upping lending to risky NBFCs, forcing RBI to sound an alarm
il fs
December 2023
March 2022
December 2021
September 2020
March 2020
January 2020
December 2019
PNB names IL&FS power company in ₹2,060 crore fraud
The report from PNB comes a month after Punjab & Sind Bank reported a borrowing fraud worth ₹148.867 crore in the NPA account of ITNPCL.
PCA will curtail NBFC sector growth; but accretive in long run
Harsh restrictions will shift focus on collections rather than growth in the short run as NBFCs cannot attract private capital for a recovery
Fitch reviews ratings outlook of four NBFCs
The credit rating agency points out that the pandemic will continue to be a spoilsport for the NBFCs it reviewed as funding remains a challenge in the current market.
Another Black Friday for the bourses
The global rout owing to the unabated rise in coronavirus cases and the YES Bank crisis led to a decline of 1,459 points on the Sensex and 441 points on the Nifty 50.
Piramal sells healthcare analytics business
The deal with the U.S.-based Clarivate will give Piramal Enterprises much needed liquidity to invest in its NBFC business.
The Fortune India 500 has a new number one
Editor’s letter from the December-March 2019 issue.
ADB cuts India’s FY20 growth forecast to 5.1%
The Asian Development Bank cites the credit crunch and a rise in risk aversion in financial markets caused by the IL&FS crisis for the revision.
Boards need to look beyond quarterly numbers: PwC
India Inc. has seen grave corporate governance failures: From ICICI Bank to IL&FS to Jet Airways, the list is long and the damages bigger. What can firms do to protect stakeholder interests?
Why India loves a crisis
How the IL&FS fiasco is transforming the face of non-banking finance companies and the ecosystem that supports it.
