NBFCs Add Risk To Slowing Economy
Banks are significantly upping lending to risky NBFCs, forcing RBI to sound an alarm
Banks are significantly upping lending to risky NBFCs, forcing RBI to sound an alarm
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.
Harsh restrictions will shift focus on collections rather than growth in the short run as NBFCs cannot attract private capital for a recovery
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.
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.
The deal with the U.S.-based Clarivate will give Piramal Enterprises much needed liquidity to invest in its NBFC business.
Editor’s letter from the December-March 2019 issue.
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.
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?
How the IL&FS fiasco is transforming the face of non-banking finance companies and the ecosystem that supports it.