Turbulence for NBFCs is far from over
India Ratings maintains a ‘negative’ outlook on the NBFC sector for FY21 in view of slower balance sheet growth, elevated slippages, and low-profit visibility.
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IMF cuts India’s FY20 growth forecast to 4.8%
The IMF attributed the change in its outlook mainly to sharper than expected slowdown in domestic demand amid the turmoil in the non-banking financial companies (NBFCs) sector.
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.
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.
Muthoot Pappachan Group: Riding out the storm
How the Kerala-based lending and financial services conglomerate weathered the NBFC crisis and emerged unscathed.
The road ahead for NBFCs
Most non-banking finance companies are negotiating choppy waters in the aftermath of the IL&FS crisis. Here’s how to deal with it.
Bears maul Indiabulls on D-Street
Uncertainty over its merger with Lakshmi Vilas Bank and allegations of impropriety against promoters saw Indiabulls Housing Finance stock tank big time.
Sachin Bansal buys NBFC for ₹739 crore
Bansal will become CEO of Bengaluru-based Chaitanya Rural Intermediation Development Services. Operating in 5 states, it lends to small businesses, and provides education and housing loans.
Lenders give Essel more time to repay debt
The Essel Group wanted a time extension to fetch better value for its assets including roads, green energy, and its flagship Zee Entertainment Enterprises.
RBI cuts repo rate to arrest slowdown
The 35 basis point repo rate cut is not the first unconventional rate action from the central bank as two repo rate actions in March 2003 saw a 40 and 10 basis points reduction in a matter of 13 days.
