NBFCs Set For Bigger Play
Despite hiccups such as IL&FS crisis and increase in risk weights, non-banking financial companies continue to make their presence felt.
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December 2019
NBFCs Add Risk To Slowing Economy
Banks are significantly upping lending to risky NBFCs, forcing RBI to sound an alarm
PNB names IL&FS power company in ₹2,060 crore fraud
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.
PCA will curtail NBFC sector growth; but accretive in long run
Harsh restrictions will shift focus on collections rather than growth in the short run as NBFCs cannot attract private capital for a recovery
Fitch reviews ratings outlook of four NBFCs
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.
Another Black Friday for the bourses
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.
Piramal sells healthcare analytics business
The deal with the U.S.-based Clarivate will give Piramal Enterprises much needed liquidity to invest in its NBFC business.
The Fortune India 500 has a new number one
Editor’s letter from the December-March 2019 issue.
ADB cuts India’s FY20 growth forecast to 5.1%
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.
Boards need to look beyond quarterly numbers: PwC
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?
