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.
nbfc
August 2019
July 2019
Finance minister holds review meeting with bankers
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
The RBI can reverse the NBFC crisis
A “voluntary asset quality review” of the top 50 NBFCs will reverse the ongoing crisis.
Weak retail growth worry hits Bajaj Finance
Slowing consumer expenditure and falling demand from small business is beginning to show on Bajaj Finance, considered one of the strongest non-banking finance companies in the business.
Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
DHFL’s survival blues
The housing finance company says recent developments may raise doubts about its ability to continue as a going concern.
DHFL: In search of a breather
DHFL, India’s second-largest housing finance company, has been living with rating downgrades and strategic divestments to overcome the liquidity crisis following the IL&FS saga.
Sitharaman packs a punch in maiden Budget
FM seeks to address pain points in the economy, boost infrastructure and capital markets. But hike in surcharge for higher taxable incomes dampens sentiment.
Markets give a thumbs down to Budget
BSE Sensex slips over 450 points on lack of consumption push.
Sanjiv Bajaj’s next big move
As e-commerce and fintech firms snap at their heels, Bajaj Finserv and Bajaj Finance are working to up their digital play in the consumer finance business.
