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a man walks past construction site of Reliance Industires at BKC (Bandra Kurla Complex) in Mumbai | Photographer: Dhiraj Singh | Bloomberg

Kotak Realty Fund warns of a $65 billion bad-loan crisis, recommends lenders cut credit

A delay in lending to residential projects is adding to the mounting default risk, with as many as 5.60 lakh homes worth Rs 4.5 lakh crore stuck in top cities.
The Bombay Stock Exchange

Command of premium Indian equities versus emerging nations narrows to its smallest

India's equity benchmark is headed for its worst monthly drop weighed down by factors like the lingering credit crisis.

Foreign investors can help India tide over credit crisis, says JPMorgan’s Kalpana Morparia

JPMorgan India CEO Kalpana Morparia says tweaking bankruptcy rules can help overseas investors relieve India's troubled shadow banking sector.

Govt should ensure health of banks doesn’t depend on who owns them

Investors have made their preferences clear: Good private banks quote at higher multiples of book value, while govt banks quote discounts. This cannot continue.
Care Ratings Ltd. Chief Executive Officer Rajesh Mokashi | Bloomberg

Care Ratings chief put on leave while India’s credit assessment industry is under scrutiny

The IL&FS incident has prompted the regulator Securities & Exchange Board of India to tighten rules for rating firms to restore investor faith in the system.
India is looking at a larger credit crisis. (Representational Image) | Photo: Dhiraj Singh | Bloomberg

Fund manager who predicted India’s credit crisis still sees risks

A string of corporate defaults suggests worst of the liquidity shortage & soaring funding costs could come back, according to IDFC’s Suyash Choudhary.
Representational image of construction work | Photo: Dhiraj Singh | Bloomberg

Real estate debt could be India’s next big problem

Indian shadow banks, which lent heavily to the property industry in recent years, now face rising risks as developers struggle to repay dues.
India is looking at a larger credit crisis. (Representational Image) | Photo: Dhiraj Singh | Bloomberg

Banking big-wigs turn to self-employment as Indian credit markets look worse than ever

The bankers branching out say that the recent market turmoil has created the need for a more boutique approach to navigating the credit markets.
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

There was major failure by rating agencies in IL&FS crisis, Parliamentary panel says

Panel questions highest rating to debt instruments of IL&FS group even when the company was highly leveraged and at the brink of default.

Raghuram Rajan now raises warning against toxic mix on trade

The foreseer of the last global financial crisis says global growth has been strong in recent years but the concern is how long can it continue.

On Camera

Floodwater gushes through a street following heavy rains, at Falaknuma, in Hyderabad, Wednesday, 14 October, 2020.| PTI

Pollute oceans and it’ll come back at us like it did in Andhra, Telangana: Manpreet Badal

We don't seem to have learnt the lesson from cyclones Ockhi and Amphan and continue to dump toxic wastes in the Indian Ocean. Our punishment this time could be severe.

Kotak Mahindra Bank is exploring taking over IndusInd Bank

IndusInd, however, denied any sale talks, calling it a rumour. It said the bank’s founders reiterate their full support 'now and always'.


Defence Minister Rajnath Singh at Sukna Military Camp in Darjeeling district on Saturday | ANI

India wants to end border row with China, but will not cede an inch of land, says Rajnath Singh

The defence minister was speaking after performing 'Shastra Puja' at the Sukna-based headquarters of the Indian Army's 33 Corps in Darjeeling on the occasion of Dussehra.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.