Tuesday, 18 January, 2022

Topic: NBFC

Stalled residential projects worth Rs 4.47 lakh crore sound warning for banks in India

Property developers are locked in a downward spiral with shadow banks, pushing them towards default and in turn casting a shadow on traditional banks.

RBI Governor calls for market-led solution, dashes bailout hopes for struggling NBFCs

Investors are concerned about the impact of an NBFC collapse on the wider sector and a funding crunch in an economy where growth has slowed to a six-year-low.

Hit by cash crunch at home, NBFCs are paying more for foreign funds

Cash squeeze threatens broader fallout, as higher cost of funds is passed on to merchants getting micro loans & property tycoons looking to roll over debt.

Indian mutual funds continue to shun crisis-hit NBFC sector

Mistrust toward NBFCs that started with IL&FS Group’s default last year has spiralled after DHFL & units of Reliance Capital missed repayments on dues.

RBI launched massive crackdown on NBFCs amid cash squeeze last fiscal

RBI cancelled registrations of 1,851 NBFCs in the year ended March 31, more than 8 times those in the previous year.

Acquittal of Pehlu Khan lynching accused is shameful, will embolden cow vigilantes

ThePrint view on the most important issues, instantly.

RBI fix for slowing consumption demand — incentives to banks for retail lending

RBI Governor Shaktikanta Das announced a relaxation in risk weights for all consumer loans, which could ensure better credit flow at lower rates.

Crisis-hit NBFC Dewan Housing posts first loss as business grinds to a halt

DHFL has posted its first quarterly loss in more than a decade and missed interest payments even as it tries to sell assets to raise funds.

Good NBFCs’ owners should send a signal to the debt market, put skin in the game

If promoters bring in additional equity into their NBFCs, this will send a powerful signal of their trust in their own businesses.

Eleven stocks, $14 billion erased: A looks at India’s debt woes

The impact of the credit crisis is spreading as founders of most of the companies with dues are selling businesses to survive.

On Camera


File photo of PM Narendra Modi with his Sri Lankan counterpart Mahinda Rajapaksa in New Delhi | Bloomberg

Sri Lanka in ‘debt trap’, India’s response shows pushback against China has begun

While China waits for a Hambantota Port-like 'takeover' of Colombo port city, India has responded with great alacrity to Sri Lanka’s financial needs.
File photo of Mukesh Ambani | Photographer: Prodip Guha/Getty Images via Bloomberg

Reliance buys robotics startup Addverb for Rs 1,000 crore to fuel tech ambitions

Mukesh Ambani, Asia’s richest person, is investing in technology as competition from rivals such as Amazon intensifies in India’s booming e-commerce market.


National Defence Academy | Twitter | Headquarters Integrated Defence Staff

Why was number of women cadets for NDA fixed at 19 in 2022, same as 2021, SC asks Centre

UPSC notification issued December 2021 says first phase of NDA exam for 2022 scheduled in April. Notification declares 19 women candidates will be chosen out of 400 successful ones.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.