Tuesday, 25 January, 2022
TopicNBFC crisis

Topic: NBFC crisis

A surge in bad loans is set to worsen India’s NBFC crisis

NBFCs fund a wide range of businesses. Any setback would not bode well for an economy already heading for its worst annual contraction since the 1950s this financial year.

Enable NBFCs to surge. If they shrink, a few will sink and raise a stink for entire system

The government has been very supportive of the NBFC sector. All it needs is to take other public institutions along and ensure no loss of intent in execution.

NBFC crisis is a big hurdle in India’s path out of the pandemic

If bad loans rise as many expect, banks & NBFCs are set to become ever more cautious just when credit is most needed to keep the economy going.

Ashish Gupta, the man who predicted India’s banking crisis warns of new danger

The crisis engulfing India’s NBFCs could be even more destabilising for the $2 trillion economy, Ashish Gupta says.

Drop in borrowing costs shows India’s NBFC crisis is easing

Premiums investors seek to buy AAA rated 5-year bonds of NBFCs over government notes with similar maturities narrowed to 16-month low in January.

NBFC crisis is beginning to ease but long way from resolution

Revitalisation of NBFCs is key to helping staunch a further slowdown in the nation’s economy.

Finally, some good news: NBFCs show signs of recovery, indicating credit crisis could ease

Two of four indicators compiled by Bloomberg that reflect the state of non-bank financial companies strengthened last month from October.

Modi govt bringing NBFCs under bankruptcy code will clog the tribunal even more

Considering delays in ongoing cases under the National Company Law Tribunal, NBFCs require a separate mechanism for handling bankruptcy.

Private equity funds are snapping up bargains in India’s crisis-hit NBFC sector

PE funds have invested about $2 billion this year in NBFCs, which is 50% higher than the average over the last four years.

Dewan case is a big test for India’s bankruptcy law and NBFC crisis

Bankruptcy law is set up for non-financial firms. Using it to put a financier like Dewan out of its misery has some advantages but many shortcomings.

On Camera

YourTurn

Representative image of Army | ANI

Central Vista, old army uniforms—why this year’s Republic Day parade is a source of pride

Days of Mughal or British glory are over. Central Vista is Indian govt's modern structure, and uniforms are sources of pride.

SEBI seeks tighter environmental, social & governance rules to address risk of greenwashing

In a consultation paper released Monday, SEBI said increasing reliance on unregulated ESG rating providers poses risks to investor protection, transparency & efficiency of markets.

Defence

File photo of Scorpene-class submarine 'INS Vela', at the Naval Dockyard in Mumbai | ANI

Kamov choppers, submarine torpedoes among deals defence ministry will review this week

Ministry is reviewing all procurement under the ‘Buy (Global)’ category, under which equipment is bought directly from foreign manufacturers, amid govt's 'Atmanirbhar' push.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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