Amid NBFC Crisis, State Bank Reminds RBI Of Its Role As Lender Of Last Resort
Business | IANS | Saturday January 18, 2020
The NBFC sector has been in turmoil since 2018 after the collapse of infrastructure lender IL&FS. Asked several times, the RBI has refused to play its role as the lender of last resort, terming the problem at select NBFCs as one created because of asset-liability mismatches.
Bad Loans Spike At Mumbai-Based Shadow Lender As Crisis Deepens
Business | Rahul Satija and Bijou George, Bloomberg | Wednesday December 4, 2019
Bad loans at Altico Capital India spiked to 23.8 per cent of its loan book in the quarter ended September from 1.8 per cent in the previous quarter.
A Health Check Of Shadow Banks Points To Prolonged Crisis: Report
Business | Divya Patil, Bloomberg | Tuesday November 19, 2019
Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons. Some observers see an extended battle, as the nation's slowing economy complicates those efforts.
Top Financiers Score Overseas Loans Despite Shadow Banking Crisis: Report
Business | Anurag Joshi, Bloomberg | Thursday November 14, 2019
Highly-rated firms including Tata Capital Housing Finance Ltd., L&T Finance Ltd. and Fullerton India Credit Co. have sought loans in the global market in recent months.
Shadow Banks Pulling Back On Loans To Small Businesses: Moody's
Business | Indo-Asian News Service | Wednesday September 11, 2019
Moody's does not expect LAP lending by NBFCs and HFCs to pick-up significantly in the next few months.
Shadow Banks To Face Growth, Funding Headwinds: India Ratings
Business | Indo-Asian News Service | Monday September 9, 2019
India Ratings and Research (Ind-Ra) has revised its sector outlook on NBFCs to "negative" from "stable".
Crisis Among Shadow Banks Pushes Up Funding Costs Overseas: Report
Business | Anurag Joshi, Bloomberg | Wednesday September 4, 2019
India's slowest economic growth in six years has prompted predictions for deeper interest-rate cuts, but that's yet to translate into easier borrowing conditions at home for the shadow lenders.
Government Notifies Partial Credit Guarantee Scheme For State-Run Banks
Business | Indo-Asian News Service | Tuesday August 13, 2019
The scheme will provide a one-time partial credit guarantee to public sector banks for purchase of pooled assets of the financially sound NBFCs.
RBI Moves Unlikely To Ease Pain For Struggling Shadow Banks: Experts
Business | Thomson Reuters | Wednesday August 7, 2019
NBFC's have been battling a credit crunch since IL&FS, or Infrastructure Leasing & Financial Services, collapsed in late 2018 amid fraud allegations.
Government To Issue Rules For Non-Banking Lenders Asset Buy Scheme
Business | Indo-Asian News Service | Tuesday August 6, 2019
The government has received a proposal from the RBI on the draft modalities of the credit guarantee scheme, which would be operationalised by the RBI.
Government Gives Central Bank More Power to Regulate Shadow Lenders
Business | Suvashree Ghosh, Bloomberg | Friday July 5, 2019
The crisis in NBFC sector emerged a year ago when Infrastructure Leasing & Financial Services defaulted on a series of debt obligations
Government Considers More Powers For RBI To Regulate Shadow Banks
Business | Thomson Reuters | Monday July 1, 2019
The outlook on the shadow banking sector has been bleak ever since the state-run IL&FS defaulted on a series of debt obligation
Opinion: India's Exotic Funds Are a $40 Billion Time-Bomb For Investors
Business | Andy Mukherjee, Bloomberg Opinion | Wednesday June 19, 2019
Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March
Shadow Banking Crisis Raises Risk Of Indian Bad-Loan Redux
Business | Suvashree Ghosh, Bloomberg | Monday June 17, 2019
Loans from the shadow banking sector expanded rapidly in the period up to the IL&FS defaults, a time in which the regulated banks were in the depths of a bad-loan crisis, weighed down by some $200 billion of soured credit
Market Regulator Sebi Tightens Credit Rating Norms After Defaults, Downgrades
Business | Thomson Reuters | Thursday June 13, 2019
Sebi also asked credit rating agencies to disclose in their press release factors to which a rating is sensitive
Amid NBFC Crisis, State Bank Reminds RBI Of Its Role As Lender Of Last Resort
Business | IANS | Saturday January 18, 2020
The NBFC sector has been in turmoil since 2018 after the collapse of infrastructure lender IL&FS. Asked several times, the RBI has refused to play its role as the lender of last resort, terming the problem at select NBFCs as one created because of asset-liability mismatches.
Bad Loans Spike At Mumbai-Based Shadow Lender As Crisis Deepens
Business | Rahul Satija and Bijou George, Bloomberg | Wednesday December 4, 2019
Bad loans at Altico Capital India spiked to 23.8 per cent of its loan book in the quarter ended September from 1.8 per cent in the previous quarter.
A Health Check Of Shadow Banks Points To Prolonged Crisis: Report
Business | Divya Patil, Bloomberg | Tuesday November 19, 2019
Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons. Some observers see an extended battle, as the nation's slowing economy complicates those efforts.
Top Financiers Score Overseas Loans Despite Shadow Banking Crisis: Report
Business | Anurag Joshi, Bloomberg | Thursday November 14, 2019
Highly-rated firms including Tata Capital Housing Finance Ltd., L&T Finance Ltd. and Fullerton India Credit Co. have sought loans in the global market in recent months.
Shadow Banks Pulling Back On Loans To Small Businesses: Moody's
Business | Indo-Asian News Service | Wednesday September 11, 2019
Moody's does not expect LAP lending by NBFCs and HFCs to pick-up significantly in the next few months.
Shadow Banks To Face Growth, Funding Headwinds: India Ratings
Business | Indo-Asian News Service | Monday September 9, 2019
India Ratings and Research (Ind-Ra) has revised its sector outlook on NBFCs to "negative" from "stable".
Crisis Among Shadow Banks Pushes Up Funding Costs Overseas: Report
Business | Anurag Joshi, Bloomberg | Wednesday September 4, 2019
India's slowest economic growth in six years has prompted predictions for deeper interest-rate cuts, but that's yet to translate into easier borrowing conditions at home for the shadow lenders.
Government Notifies Partial Credit Guarantee Scheme For State-Run Banks
Business | Indo-Asian News Service | Tuesday August 13, 2019
The scheme will provide a one-time partial credit guarantee to public sector banks for purchase of pooled assets of the financially sound NBFCs.
RBI Moves Unlikely To Ease Pain For Struggling Shadow Banks: Experts
Business | Thomson Reuters | Wednesday August 7, 2019
NBFC's have been battling a credit crunch since IL&FS, or Infrastructure Leasing & Financial Services, collapsed in late 2018 amid fraud allegations.
Government To Issue Rules For Non-Banking Lenders Asset Buy Scheme
Business | Indo-Asian News Service | Tuesday August 6, 2019
The government has received a proposal from the RBI on the draft modalities of the credit guarantee scheme, which would be operationalised by the RBI.
Government Gives Central Bank More Power to Regulate Shadow Lenders
Business | Suvashree Ghosh, Bloomberg | Friday July 5, 2019
The crisis in NBFC sector emerged a year ago when Infrastructure Leasing & Financial Services defaulted on a series of debt obligations
Government Considers More Powers For RBI To Regulate Shadow Banks
Business | Thomson Reuters | Monday July 1, 2019
The outlook on the shadow banking sector has been bleak ever since the state-run IL&FS defaulted on a series of debt obligation
Opinion: India's Exotic Funds Are a $40 Billion Time-Bomb For Investors
Business | Andy Mukherjee, Bloomberg Opinion | Wednesday June 19, 2019
Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March
Shadow Banking Crisis Raises Risk Of Indian Bad-Loan Redux
Business | Suvashree Ghosh, Bloomberg | Monday June 17, 2019
Loans from the shadow banking sector expanded rapidly in the period up to the IL&FS defaults, a time in which the regulated banks were in the depths of a bad-loan crisis, weighed down by some $200 billion of soured credit
Market Regulator Sebi Tightens Credit Rating Norms After Defaults, Downgrades
Business | Thomson Reuters | Thursday June 13, 2019
Sebi also asked credit rating agencies to disclose in their press release factors to which a rating is sensitive
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