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credit rating

How devious IL&FS management bulldozed pliable rating agencies

New Delhi, July 4 (IANS) Coercive tactics were used aggressively by the erstwhile rogue management of embattled IL&FS group as reported by IANS recently. At...
PNB scam

PNB sells its stake in PNB Housing Finance for ₹1,851 crores

State owned lender-Punjab National Bank (PNB) is selling its stake in its housing finance arm, PNB Housing Finance to global private equity company General...
rupee against dollar

RBI announces a Dollar-Rupee swap window to address looming liquidity crunch

To address the on going liquidity tightness in the financial and banking system, ahead of the ending fiscal year and the upcoming General Election...
Stock market down

RBI to strengthen NBFCs norms , DHFL sinks over 18%

DHFL or Dewan Housing Finance Corporation reported a discount of over 20% in the afternoon today to trade for ₹205 on BSE. Moreover, the share...

RBI suggests NBFCs to depend on equity rather than short-term debt

Reserve Bank of India advised Non-Banking Finance Companies (NBFCs) to induce more equity and long-term debt in the post-policy interaction with the press. This will...

Govt to override IL&FS’s management, Uday Kotak to be the chairman

The Ministry of Corporate Affairs is all set to recover IL&FS crisis by changing the board and management of the company. National Company Law's...

LIC, SBI, Orix offers to subscribe IL&FS ₹4,500 right issues

Life Insurance Corp (LIC), Japanese based-Orix Corp and State Bank of India on Saturday have offered to subscribe ₹4,500 crore rights issue in IL&FS. LIC...
Market

RBI might cancel 1500 NBFC licences post IL&FC struggle

IL&FS crisis may become the reason behind license cancellation of 1500 non-banking financial institutions (NBFC) The credit and liquidity risk hovering over the market from...
IL&FS

IL&FS adds ₹395.46 crore as new debt obligation

Cash-starved IL&FS financial services on Thursday announced a fresh debt obligation of ₹395.46 crore could not be serviced. The debt constitutes of payments from banks,...
IL&FS

NHAI considering paying ₹700 crore to IL&FS for road project

Cash-Strapped Infrastructure Leasing & Financial Services (IL&FS) which is looking to refinance itself may get a payment of ₹700 crores from National Highway Authority of India...