Page 2 - Nbfc Crisis

The 2020 Budget speech

The finance minister will present her first full Budget on February 1. This is the speech I wish to hear

Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector

The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.

Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020

Note suggests liquidity support, govt guarantee for securities issued by SPVs

Blackstone's India mortgage lender may get out of small-builder business

The RBI seized control of Dewan Housing on Wednesday, stepping up efforts to contain the economic fallout from the nation's shadow banking crisis

PE funds bet big on crisis-hit NBFCs even as other investors balk

The funds have invested about $2 billion this year in the country's non-bank financing sector, which is worth some $40 billion.

How DHFL fallout will put India's bankruptcy reforms to an unexpected test

After watching the shadow banking industry collapse in slow motion for more than a year, authorities have decided that enough is enough

Plotting a fantasy: 3 reasons why DHFL's rescue plan is entirely fictional

The only reason the rescue is even being attempted is to delay - as long as possible - the collapse of the large shadow lender Dewan Housing Finance

How the RBI can get its act together

In the concluding part of the series, the author draws attention to the central bank's problems that need urgent fixing

Rising risk of contagion in India's financial sector, cautions S&P

A recent contagion analysis released by the Reserve Bank of India (RBI) suggested that the failure of any top-five HFC or NBFC could result in the default of up to two banks

Banks to face capital crunch of Rs 3.5 trillion if NBFC mess drags: Fitch

The stress test examines the potential impact on banks of liquidity pressures in the NBFC sector developing into widespread failures

NBFC crisis: Indian banks could face a $50-billion capital shortfall: Fitch

The weakest, including those with Viability Ratings in the 'b' range, would face heightened solvency risks without capital injections from the government, the rating agency said

India's shadow bank crisis is over, lenders more positive: IndusInd Bank

IndusInd joins Axis Bank Ltd. and Edelweiss Financial Services Ltd. in predicting that the Indian financial sector's woes will ease soon

In talks with investors for equity infusion: Reliance Home Finance

Reliance Home Finance Ltd (RHFL) on Friday said it is in discussion with several investors for equity infusion, amid tight financial conditions plaguing the industry for the past few months. Since the IL&FS episode, all categories of lenders in India, including banks, mutual funds have put an almost complete freeze on additional lending to home finance companies (HFCs) and non-banking financial companies (NBFCs), and have instead only been insisting upon reduction of existing borrowings, it said in a release. Over this entire period, lenders have been willing to only securitise existing asset polls of HFCs and NBFCs to provide resources for meeting debt servicing obligations, it said. These unprecedented actions lasting for more than 6 months have severely impacted the financial flexibility of almost all HFCs and NBFCs in the country including RHFL. The company has been affected by a timing mismatch with regard to the ongoing further securitisation or monetisation proposals with ..

Financials rally up to 7% on report govt could notify NBFC resolution rules

However, some financial stocks, with weak fundamentals, missed the rally. For instance, Indian Bank, YES Bank, and Indiabulls Ventures slipped up to 9 per cent.

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

IMF says India's growth 'much weaker' than expected; cuts FY20 projection

The economic growth slowed to a seven-year low to 5% in April to June quarter from 8% a year ago

Banks, NBFCs slip up to 5% after Altico Capital misses interest payment

An interest payment of Rs 19.97 crore was due on September 12, according to a regulatory filing with the BSE.

NBFC crisis: Now, DHFL, Altico Capital default on bond repayments

The default by DHFL is towards principal and interest on non-convertible debentures worth Rs 350 crore issued by it, DHFL said in a regulatory filing

Awaiting genuine economic reforms: Why foreign investors are still selling

Policy measures taken to counter the slowdown are not enough

Top 10 biz headlines: Auto sales down 23.5%, direct tax code delay & more

From PV sales declining for the 10th straight month to chances that the govt is unlikely to replace the Income Tax Act with the direct tax code, here are the top business headlines for Tuesday