Wednesday, 6 July, 2022
TopicNBFC

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

YourTurn

Mamata Banerjee holding a rally in Kolkata, kali

Bengal has many Kalis, but TMC can’t accommodate them anymore. UP, Haryana is in the way

Moitra, TMC leadership need to have a conversation. And send everyone else a memo: Protecting Bengali identity is not the party’s only line anymore.
Illustration by Soham Sen

Keep calm and carry on: Unlike wheat, rice isn’t hot yet

The world is worried that India might restrict exports of rice after wheat, pushing prices higher and worsening global food security.

Defence

Air Commodore Sanjay Sharma pose with daughter Flying Officer Ananya Sharma in front of the fighter aircraft | Twitter/@DefencePRO_Guj

In a first in IAF, father-daughter fly in same fighter formation as fellow wingmen

Daughter of Air Commodore Sanjay Sharma, Flying Officer Ananya Sharma is currently undergoing training to master ‘superior and faster’ jets.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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