Monday, 23 May, 2022
TopicShadow banks

Topic: Shadow banks

Shriram City working on its own super app as India’s NBFCs take on fintech competition

Rahul Satija -
Move follows another major shadow lender Bajaj Finance, which has also been working on its consumer app, as the sector tries to play catch up after undergoing a crisis.

DHFL gets big bids as NBFC sector begins to show signs of recovery

Suvashree Ghosh -
Oaktree Capital Group has offered Rs 366.5 billion, up from Rs 310 billion in its previous bid for DHFL. Piramal Enterprises and Adani Group also improved their proposals.

NBFCs show signs of recovery as economy begins to rebound

Divya Patil -
A stronger NBFC sector, which has been struggling since a crisis in 2018 when a large financier unexpectedly defaulted, is key to helping staunch further trouble in the economy.

Shadow bank recovery stalls in India as fears over Covid impact resurface

Divya Patil -
The developments are a setback after months of improvement following unprecedented RBI stimulus and targeted support for the industry.

NBFCs are recovering slowly even though economy struggles under Covid impact

Divya Patil -
Premiums on NBFCs’ bonds narrowed to a two-year low in August & liquidity and share performance indicators stayed steady, indicating strength.

Mutual funds cut investments in shadow bank debt by half, shows SEBI data

Rahul Satija -
With the crisis continuing, Indian mutual funds halved their holdings of debt sold by shadow lenders in the two-year period to June after defaults by some major financiers.

Why lower borrowing costs can’t save India’s crisis-hit NBFCs

Divya Patil -
Worries are mounting that bad debt at NBFCs may rise as the world’s strictest lockdown hammered India’s business and left millions jobless.

Borrowing costs are finally beginning to fall for India’s top NBFCs

Divya Patil -
Premiums investors seek to buy AAA ranked 5-year bonds of NBFC lenders over government securities declined in May after gaining for 3 consecutive months.

After Franklin’s funds freeze, a contagion risk is building in India’s credit market

Divya Patil -
Authorities will be forced to take steps to keep credit markets functioning & the mutual fund industry will be a key focus, market experts say.

Modi govt approves rescue plan for Yes Bank, SBI-led consortium to inject capital

Siddhartha Singh -
The rescue plan will throw a lifeline to Yes Bank which has been struggling to raise capital since the middle of last year, as it has faced a surge in bad loans.
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Opinion

Inflation made luxury cars even more expensive but sales remain in fast lane. See Mercedes

Kushan Mitra -
For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.
Representational image

Doomscrolling—why you continue to surf ‘depressing’ news and what you can do about it

Illustration by Ramandeep Kaur

Quad has a sea of challenges. Navy can take cue from a Maratha admiral who sank English ships

Economy

World’s $300 trillion in debt. Here’s what it means for services like health, education

Victoria Masterson -
To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

Snehesh Alex Philip -
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

National Interest

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

Shekhar Gupta -
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.

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