Deutsche Bank boosts loans to cash-strapped tycoons in India
The NBFC crisis is creating new prospects for Deutsche Bank. Goldman Sach has been another beneficiary.
View: Banking sector may meet telcos' fate. Here's how to avert it
The telecom story can be a precursor to other sectors, especially banking ...
IL&FS case: Sebi may raise penalty on rating agencies
Sebi in December 2019 slapped a penalty of Rs 25 lakh each on ICRA, CARE and India Rati...
DEA had red flagged possible risks over IL&FS crisis in 2018
The govt has made serious efforts to address the issue, but India's shadow banking crisis continues unabated.
The next debt crisis: Small borrowers’ big defaults
Microfinance is showing early signs of loans going bad en masse. And the problem is complicated by aggressive strategies of larger lenders.
Economic Survey suggests ‘dynamic health index’ for NBFCs to ensure crisis alert
The ‘health score’ can predict the constraints on external financing faced by NBFC firms.
Eco Survey blames over-dependence on funding from liquid funds for NBFC crisis
The economic survey recounts how the NBFC fiasco unfolded, the important role played by liquid funds in financing these shadow banks, how defaults triggered widespread selling by mutual funds, and precipitated a full blown crisis.
Budget 2020: Debt ETF to be launched, mechanism to address liquidity constraints of NBFCs, HFCs
FM Nirmala Sitharaman presents the Union Budget 2020 in the Parliament. Watch now.Budget 2020: Debt ETF to be launched, mechanism to address...
Where's the money? Search on for solutions of India's shadow bank crisis
Vital projects are starved for funds following the crisis. The desperation for solutions is palpable.
TARP-like government fund likely in Budget for NBFC relief
The government is likely to unveil, in the Union Budget 2020, a Troubled Assets Relief Programme (TARP) similar to what the US initiated during the financial crisis in 2008.
Fintech startups apply for NBFC licence as lending pays off big
Several fintech players say their growing expertise in underwriting loans through a stack of customer data can help them evolve into primary lenders — a transition that may see their revenue models change from fee-based to the more lucrative interest-based incomes.
Icra maintains negative outlook for residential realty; outlook stable for commercial segment
The performance of the residential segment continues to be muted, owing to the prevailing liquidity crunch.
View: What this Budget can offer to fix India's unemployment problem
While structural factors are responsible for the high unemployment, the slowdown has made things worse.
RBI should act as lender of last resort, provide liquidity to NBFCs: SBI
In its report on Budget expectations, the economists said RBI should "seriously think" of providing liquidity to NBFCs against the assets held by the lenders. "Given the crisis of confidence in the financial markets, it is imperative that central banks don't forget their primary function of being the lender of the last resort," they said.
Govt proposes guarantee on debt to tide over liquidity challenge in NBFC, HFC sector
To address the liquidity constraints of non-banking financial companies (NBFCs) and housing finance companies (HFCs), the government proposed to set up a partial credit guarantee scheme for the sector after the Union Budget 2019-20. The IL&FS crisis following debt defaults in 2018 had led to a contagion in the domestic NBFCs sector, followed by DHFL defaults.
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