Search Results for: NBFC

NBFC cash shortage hits real estate sector amid IL&FS episode

The scale of the problem is so humungous that even the sanctioned home loans are not being disbursed.

Nov 9, 2018

Liquidity crisis: RBI allows banks to assist NBFCs raise capital

The latest step taken by the central bank is expected to provide some liquidity to the cash-strapped NBFCs.

Nov 3, 2018

Centre tries to impinge on central bank's autonomy by invoking Section 7 of RBI Act

It is speculated that this move was behind RBI deputy governor Viral Acharya's warning the Centre – a rare display of independence – not to impinge on central bank's autonomy which might lead to undesirable consequences.

Oct 31, 2018

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Sensex hits 7-month low, falls over 400 points amid rout in global equities

Indian shares fell nearly 1.5 percent to a seven-month low on Thursday, joining a sell-off in global equities amid concerns about a slowdown in the world economy.

Oct 25, 2018

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Q2 results, global cues subdue indices; Sensex sheds 290 points

Mixed second quarter results, combined with negative global cues and concerns over a liquidity crisis in the NBFC sector, subdued the key domestic indices on Tuesday.

Oct 23, 2018

IL&FS board orders austerity measures amid debt crisis

IL&FS said that the board is also of the opinion that the entire group should carry out a fresh audit of all its accounts.

Oct 13, 2018

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Dalal Street bleeds as foreign investors pull out Rs 9,300 crore in just four sessions

The latest depository data shows that foreign portfolio investors (FPIs) have flushed out a net sum of Rs 7,094 crore from equities during the first five days in the month of October.

Oct 7, 2018

Fund outflows, oil prices to sink rupee further; 75-mark in sight

The continuous outflow of foreign funds from the equity segment and global market volatility will likely push the rupee to the 75-mark to a US dollar in the coming days, the experts opined.

Oct 7, 2018

IL&FS fiasco: Sacked directors defend their role in company

Highlighting some of the crucial attempts by the independent directors informed that an offer was made by Ajay Piramal to buy ILF&S at a price Rs. 600-650 per share. But the proposal was turned down by the Life insurance cooperation of India (LIC)

Oct 3, 2018

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

Government sacks IL&FS board; Uday Kotak-led team to take over

The National Company Law Tribunal (NCLT) accepted the government's petition on Monday and the first meeting of the newly nominated board will be held on or before October 8 .

Oct 2, 2018

IL&FS Annual General Meeting: Three-pronged strategy to return insolvent

The default of over Rs. 9000 crore by infrastructure company and its subsidiaries have triggered fears across all NBFCs of the country.

Sep 30, 2018

Wary finance ministry nudges RBI to tackle worsening credit crunch

Investors have been unnerved by credit concerns that have engulfed one of the biggest NBFC names in India - Infrastructure Leasing & Financial Services (IL&FS).

Sep 26, 2018

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Markets crash over liquidity fears; Sensex, Nifty down nearly 1.5%

Analysts said on Monday they remained cautious, adding that more downside was likely even as Sensex and Nifty reeled under liquidity concerns at infrastructure financiers IL&FS.

Sep 24, 2018

Govt to ensure liquidity in non-banking financial companies, says finance minister Jaitley

The Reserve Bank of India (RBI) and market regulator Sebi said on Sunday that they were closely monitoring the developments in the financial sector and were ready to take "appropriate actions" to calm the jittery investors.