Zombie' Buildings Worth Rs 4.47 Lakh Crore Sound Warning For Banks
Business | Suvashree Ghosh and Dhwani Pandya, Bloomberg | Friday October 4, 2019
Radius and hundreds of other developers relied on loans from what India calls non-banking financial companies (NBFCs) to fuel a five-year property boom.
Opinion: How Government Should Tackle Shadow Banking Crisis
Business | Andy Mukherjee, Bloomberg Opinion | Tuesday October 1, 2019
A year after the collapse of IL&FS Group, a specialist infrastructure financier, the crisis of confidence is getting worse.
PNB Ties Up With Shadow Banks For Co-Orginating Loans Worth Rs 4,000 Crore
Business | Indo-Asian News Service | Monday September 30, 2019
The stress on NBFCs and HFCs is seen as a key reason for slowdown in the economy, as it has caused reduced credit flow to small businesses.
Banks To Hold Public Meets With Shadow Banks In 400 Districts: Nirmala Sitharaman
Business | Press Trust of India | Thursday September 19, 2019
During the public meetings, credit will be provided for retail, agriculture, MSME and housing sector, among others.
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.
Raj Thackeray Appears For Questioning In Probe Linked To IL&FS Crisis
India News | Reported by Purva Chitnis, Edited by Chandrashekar Srinivasan | Thursday August 22, 2019
Raj Thackeray appeared before theEnforcement Directorate (ED) in Mumbai today, in response to a summons overa case linked to the collapse of shadow bank Infrastructure Leasing & Financial Services (IL&FS)
Raj Thackeray To Face Probe Agency Today, Gets Support From Cousin Uddhav
India News | Reported by Saurabh Gupta, Edited by Vaibhav Tiwari | Thursday August 22, 2019
Maharashtra politician Raj Thackeray, who has been summoned by the Enforcement Directorate in connection with a case linked to the collapse of shadow bank Infrastructure Leasing & Financial Services, has received support from his estranged cousin, Shiv Sena chief Uddhav Thackeray.
India's Growth May Slow Down To 5.7% In April-June: Nomura
Business | Indo-Asian News Service | Wednesday August 21, 2019
The report attributed the slowdown to the ongoing crisis in shadow banks, which were funding the consumption drive before liquidity crisis hit them.
Government Exempts Shadow Lenders From Debenture Reserve Requirements
Business | Thomson Reuters | Monday August 19, 2019
The non-banking finance companies have been battling a credit crunch since IL&FS collapsed in late 2018 amid fraud allegations.
Maharashtra Leader Raj Thackeray Summoned Over Probe Into IL&FS Crisis
India News | Reported by Arvind Gunasekar, Edited by Divyanshu Dutta Roy | Monday August 19, 2019
Firebrand Maharashtra politician Raj Thackeray has been summoned in connection with a case linked to the collapse of shadow bank Infrastructure Leasing & Financial Services (IL&FS) late last year by the Enforcement Directorate.
Edelweiss Financial To Raise $125 Million From US-Based Kora Management
Business | Thomson Reuters | Wednesday August 14, 2019
Kora will invest $75 million in Edelweiss Financial's advisory business and a further $50 million in Edelweiss Group, the shadow bank said.
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.
How India's Shadow Banking Crisis Sent Auto Sector Into Tailspin
Business | Thomson Reuters | Sunday August 4, 2019
Passenger vehicle sales fell for eight straight months until June, and in May sales dropped 20.55 per cent - the sharpest recorded fall in 18 years.
Zombie' Buildings Worth Rs 4.47 Lakh Crore Sound Warning For Banks
Business | Suvashree Ghosh and Dhwani Pandya, Bloomberg | Friday October 4, 2019
Radius and hundreds of other developers relied on loans from what India calls non-banking financial companies (NBFCs) to fuel a five-year property boom.
Opinion: How Government Should Tackle Shadow Banking Crisis
Business | Andy Mukherjee, Bloomberg Opinion | Tuesday October 1, 2019
A year after the collapse of IL&FS Group, a specialist infrastructure financier, the crisis of confidence is getting worse.
PNB Ties Up With Shadow Banks For Co-Orginating Loans Worth Rs 4,000 Crore
Business | Indo-Asian News Service | Monday September 30, 2019
The stress on NBFCs and HFCs is seen as a key reason for slowdown in the economy, as it has caused reduced credit flow to small businesses.
Banks To Hold Public Meets With Shadow Banks In 400 Districts: Nirmala Sitharaman
Business | Press Trust of India | Thursday September 19, 2019
During the public meetings, credit will be provided for retail, agriculture, MSME and housing sector, among others.
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.
Raj Thackeray Appears For Questioning In Probe Linked To IL&FS Crisis
India News | Reported by Purva Chitnis, Edited by Chandrashekar Srinivasan | Thursday August 22, 2019
Raj Thackeray appeared before theEnforcement Directorate (ED) in Mumbai today, in response to a summons overa case linked to the collapse of shadow bank Infrastructure Leasing & Financial Services (IL&FS)
Raj Thackeray To Face Probe Agency Today, Gets Support From Cousin Uddhav
India News | Reported by Saurabh Gupta, Edited by Vaibhav Tiwari | Thursday August 22, 2019
Maharashtra politician Raj Thackeray, who has been summoned by the Enforcement Directorate in connection with a case linked to the collapse of shadow bank Infrastructure Leasing & Financial Services, has received support from his estranged cousin, Shiv Sena chief Uddhav Thackeray.
India's Growth May Slow Down To 5.7% In April-June: Nomura
Business | Indo-Asian News Service | Wednesday August 21, 2019
The report attributed the slowdown to the ongoing crisis in shadow banks, which were funding the consumption drive before liquidity crisis hit them.
Government Exempts Shadow Lenders From Debenture Reserve Requirements
Business | Thomson Reuters | Monday August 19, 2019
The non-banking finance companies have been battling a credit crunch since IL&FS collapsed in late 2018 amid fraud allegations.
Maharashtra Leader Raj Thackeray Summoned Over Probe Into IL&FS Crisis
India News | Reported by Arvind Gunasekar, Edited by Divyanshu Dutta Roy | Monday August 19, 2019
Firebrand Maharashtra politician Raj Thackeray has been summoned in connection with a case linked to the collapse of shadow bank Infrastructure Leasing & Financial Services (IL&FS) late last year by the Enforcement Directorate.
Edelweiss Financial To Raise $125 Million From US-Based Kora Management
Business | Thomson Reuters | Wednesday August 14, 2019
Kora will invest $75 million in Edelweiss Financial's advisory business and a further $50 million in Edelweiss Group, the shadow bank said.
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.
How India's Shadow Banking Crisis Sent Auto Sector Into Tailspin
Business | Thomson Reuters | Sunday August 4, 2019
Passenger vehicle sales fell for eight straight months until June, and in May sales dropped 20.55 per cent - the sharpest recorded fall in 18 years.
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