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The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.

Govt to ensure liquidity for IL&FS to prevent defaults: Finance...

NCLT allowed the government to take over the board of IL&FS.

1 Oct 2018 12:40 PM

Shares of the Kolkata-based bank fell as much as 20 per cent to 452.20 rupees, with more than 3.7 million shares changing hands.

Bandhan Bank plunges to all-time low after RBI directive

RBI clamped down on the Indian lender for failing to bring down its main shareholder's stake to below 40 per cent.

1 Oct 2018 5:51 AM

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Final round of capital infusion in Dec to help banks lend more

Banks, which have been part of recent mergers, will also receive capital from the govt

21 Nov 2018 5:54 AM

A loan seeker with a low score may always start off with an NBFC or an HFC as they have a more relaxed approach towards credit scores.

Top 50 NBFCs need Rs 70K cr in November

Banks may be forced to increase lending to NBFCs to prevent defaults.

8 Nov 2018 7:36 PM

A loan seeker with a low score may always start off with an NBFC or an HFC as they have a more relaxed approach towards credit scores.

Centre fears NBFC defaults without liquidity lifeline

The new board submitted a plan to revive the debt-laden firm this week.

2 Nov 2018 7:45 PM

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Financial situation fragile, feels Finance Ministry

Govt fears default by NBFCs and HFCs if liquidity crunch is not eased immediately.

2 Nov 2018 5:01 AM

As per PMLA, all NBFCs have to appoint a principal officer in financial institutions and report all suspicious and cash transactions of over 10 lakh rupees to FIU. (Photo: ANI)

Finance Ministry puts out list of high-risk finance companies

FIU released list on its website showing the names of NBFCs which have been found non-compliant to the PMLA rules.

26 Feb 2018 7:35 AM

Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.

NBFCs' retail credit may grow at 17-19 per cent in FY19: Icra

The total managed NBFC-retail credit of NBFCs stood at around Rs 7 trillion as on December 31, 2017.

10 April 2018 12:14 PM

Two-wheeler loans witnessed an impressive 32 per cent growth in 2017 led by non-bank lenders, and Gujarat had the highest incidence of non-payments by borrowers.

Two-wheeler loans grow 32 pc in 2017; Gujarat has highest NPAs

Two-wheeler loans witnessed an impressive 32 per cent growth in 2017 led by non-bank lenders.

8 April 2018 11:50 AM

For the period between April 2014 and March 2017, the overall bank PV loans grew at a compounded annual growth rate (CAGR) of 18 per cent.

PV finance may grow at 16-17 per cent to hit Rs 6.5 trillion

The expansion in credit will be driven by passenger vehicle (PV) sales volume and passenger vehicle realisation growth.

3 April 2018 1:20 PM

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Fitch cuts India's FY20 GDP growth forecast to 5.5 per cent

GDP expansion will pick up to 6.2 per cent in the next financial year (2020-21) and to 6.7 per cent in the year after.

24 Oct 2019 8:50 AM

Passenger vehicles sales stood at 2,23,498 units in October 2018.

Festive demand drives up PV retail sales to 11 per cent in October

Two-wheeler sales increased 5 per cent to 13,34,941 units last month as compared with 12,70,261 units in the year-ago...

19 Nov 2019 9:59 PM