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.
Nirmala Sitharaman said the RBI will replace the National Housing Bank and be the regulator of housing finance firms such as Dewan Housing Finance Corp. and Anil Ambani’s Reliance Capital.
Alternative investment funds have exploded in India as high upfront fees to distributors encourage them to lure investors to risky, unregulated products.
Spreading debt woes have fueled talk that the NBFC crisis is entering a second, more dangerous, phase, posing broader risks to Indian financial system.
While main elements behind terror module have been nabbed, more arrests will take place, including some professors & academicians who were part of the ring, it is learnt.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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