RBI Central Board Discusses Policy Structure For Cooperative Banks, NBFCs
Business | IANS | Saturday December 14, 2019
The NBFC sector has been under pressure since Infrastructure Leasing and Financial Services (IL&FS) went burst in 2018. This created a liquidity crunch for the banking sector as it affected banks that lendto NBFCs.
SBI Says Monitoring Exposure To Shadow Banks "Very Closely"
Business | Thomson Reuters | Thursday June 6, 2019
A series of defaults at lender Infrastructure Leasing and Financial Service Ltd last year raised concerns about the country's shadow banking industry
IL&FS Unit Misses Payment Due To "Insufficient Funds"
Business | Thomson Reuters | Thursday March 21, 2019
IL&FS Transportation Networks is a subsidiary of debt-laden Infrastructure Leasing and Financial Services Ltd (IL&FS), which the government took control of in October, citing the need to protect the country's financial system and markets from a potential collapse.
India Checking Report Of IL&FS Employees Being Held Hostage In Ethiopia
Indians Abroad | Reuters | Saturday December 1, 2018
India has asked Ethiopian authorities to investigate a report that employees of an Indian company, Infrastructure Leasing and Financial Services (IL&FS), have been taken hostage by staff in Ethiopia, an Indian government source said on Saturday.
7 Indian IL&FS Employees Held Hostage In Ethiopia By Unpaid Staff: Report
India News | Nizar Manek and Iain Marlow, Bloomberg | Friday November 30, 2018
The foreign ministry is investigating claims by expatriates in Ethiopia who say they are being held hostage by local staff that haven't been paid after the shadow lender Infrastructure Leasing and Financial Services Ltd. began defaulting on $12.6 billion in debt.
Debt-Laden IL&FS Starts Work On Asset Sale Plan
Business | Thomson Reuters | Tuesday November 13, 2018
IL&FS' board has decided to publicly solicit expressions of interest for its stakes in both IL&FS Securities Services, and ISSL Settlement & Transaction Services, which are both active in the financial services sector.
IL&FS Crisis: Revival Plan Could Include Stake Sales, Says Government Official
Business | Thomson Reuters | Monday October 22, 2018
The official, who declined to be named, ruled out any budgetary support for IL&FS, an infrastructure financing and building company, which has 348 businesses and debts of Rs 91,000 crore ($12.39 billion).
New IL&FS Board Appoints Advisers For Debt Resolution Plan
Business | Thomson Reuters | Monday October 22, 2018
The board appointed consultancy firm Alvarez and Marsal as restructuring advisers to the group, the company said.
Blog: 10-Point Guide To The IL&FS Fiasco And How It Impacts Everyday People
Blog | Chetan Bhattacharji | Thursday October 4, 2018
The latest social media jibe on the rupee goes something like this: once it crosses 75 to the dollar, it will be become part of the Marg Darshak Mandal, the BJP's panel of retired statesmen. There are few cracks, however, at the IL&FS crisis, which threatens potential collapse for the markets and the country's financial network. Here's a 10-point g...
IL&FS Wins Shareholder Approval For Raising Fresh Funds Via Debt, Equity Issuances
Business | Thomson Reuters | Monday October 1, 2018
India's Life Insurance Corp Ltd, IL&FS' biggest shareholder with a more than 25% stake, had said that it would participate in the rights issue.
Nepal Cancels $1 Billion Expressway Project With Indian Firm
India News | Press Trust of India | Monday November 21, 2016
Nepal has abruptly cancelled all agreements with Indian construction firm ILFS to build a USD one billion expressway project, connecting the Nepalese capital with the southern Terai region near the Indian border.
IL&FS Transport Plans to Raise Rs 1,000 Crore
Business | Press Trust of India | Tuesday August 4, 2015
The company proposes to raise the amount through issue of equity shares, global depository receipts, American depository receipts, foreign currency convertible bonds or a combination thereof including issuance of securities through a qualified institutions placement, among others.
Central Bank of India Picks ICICI Securities to Exit Home Finance Arm
Business | Monday November 10, 2014
Even as it is looking for a buyer for its stake in Infrastructure Leasing and Financial Services (IL&FS), state-run lender Central Bank of India has initiated the process to sell its housing finance business and appointed ICICI Securities to find a potential buyer.
RBI Central Board Discusses Policy Structure For Cooperative Banks, NBFCs
Business | IANS | Saturday December 14, 2019
The NBFC sector has been under pressure since Infrastructure Leasing and Financial Services (IL&FS) went burst in 2018. This created a liquidity crunch for the banking sector as it affected banks that lendto NBFCs.
SBI Says Monitoring Exposure To Shadow Banks "Very Closely"
Business | Thomson Reuters | Thursday June 6, 2019
A series of defaults at lender Infrastructure Leasing and Financial Service Ltd last year raised concerns about the country's shadow banking industry
IL&FS Unit Misses Payment Due To "Insufficient Funds"
Business | Thomson Reuters | Thursday March 21, 2019
IL&FS Transportation Networks is a subsidiary of debt-laden Infrastructure Leasing and Financial Services Ltd (IL&FS), which the government took control of in October, citing the need to protect the country's financial system and markets from a potential collapse.
India Checking Report Of IL&FS Employees Being Held Hostage In Ethiopia
Indians Abroad | Reuters | Saturday December 1, 2018
India has asked Ethiopian authorities to investigate a report that employees of an Indian company, Infrastructure Leasing and Financial Services (IL&FS), have been taken hostage by staff in Ethiopia, an Indian government source said on Saturday.
7 Indian IL&FS Employees Held Hostage In Ethiopia By Unpaid Staff: Report
India News | Nizar Manek and Iain Marlow, Bloomberg | Friday November 30, 2018
The foreign ministry is investigating claims by expatriates in Ethiopia who say they are being held hostage by local staff that haven't been paid after the shadow lender Infrastructure Leasing and Financial Services Ltd. began defaulting on $12.6 billion in debt.
Debt-Laden IL&FS Starts Work On Asset Sale Plan
Business | Thomson Reuters | Tuesday November 13, 2018
IL&FS' board has decided to publicly solicit expressions of interest for its stakes in both IL&FS Securities Services, and ISSL Settlement & Transaction Services, which are both active in the financial services sector.
IL&FS Crisis: Revival Plan Could Include Stake Sales, Says Government Official
Business | Thomson Reuters | Monday October 22, 2018
The official, who declined to be named, ruled out any budgetary support for IL&FS, an infrastructure financing and building company, which has 348 businesses and debts of Rs 91,000 crore ($12.39 billion).
New IL&FS Board Appoints Advisers For Debt Resolution Plan
Business | Thomson Reuters | Monday October 22, 2018
The board appointed consultancy firm Alvarez and Marsal as restructuring advisers to the group, the company said.
Blog: 10-Point Guide To The IL&FS Fiasco And How It Impacts Everyday People
Blog | Chetan Bhattacharji | Thursday October 4, 2018
The latest social media jibe on the rupee goes something like this: once it crosses 75 to the dollar, it will be become part of the Marg Darshak Mandal, the BJP's panel of retired statesmen. There are few cracks, however, at the IL&FS crisis, which threatens potential collapse for the markets and the country's financial network. Here's a 10-point g...
IL&FS Wins Shareholder Approval For Raising Fresh Funds Via Debt, Equity Issuances
Business | Thomson Reuters | Monday October 1, 2018
India's Life Insurance Corp Ltd, IL&FS' biggest shareholder with a more than 25% stake, had said that it would participate in the rights issue.
Nepal Cancels $1 Billion Expressway Project With Indian Firm
India News | Press Trust of India | Monday November 21, 2016
Nepal has abruptly cancelled all agreements with Indian construction firm ILFS to build a USD one billion expressway project, connecting the Nepalese capital with the southern Terai region near the Indian border.
IL&FS Transport Plans to Raise Rs 1,000 Crore
Business | Press Trust of India | Tuesday August 4, 2015
The company proposes to raise the amount through issue of equity shares, global depository receipts, American depository receipts, foreign currency convertible bonds or a combination thereof including issuance of securities through a qualified institutions placement, among others.
Central Bank of India Picks ICICI Securities to Exit Home Finance Arm
Business | Monday November 10, 2014
Even as it is looking for a buyer for its stake in Infrastructure Leasing and Financial Services (IL&FS), state-run lender Central Bank of India has initiated the process to sell its housing finance business and appointed ICICI Securities to find a potential buyer.
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