The Q3 of FY29 was preceded by the IL&FS default in September and hence it was an exceptionally weak quarter.
13 Jan 2020 2:24 AM
Consequently, the retail securitisation volume doubled last fiscal, and has soared 39 per cent in the first half.
11 Dec 2019 1:28 AM
The transaction marks the latest step towards overall resolution of debt totalling around Rs 94,000 crore.
12 Nov 2019 3:23 PM
There have been legal challenges for the NFRA, set up under the Companies Act, 2013.
24 Oct 2019 7:00 PM
Officials said there have been occasions when some entities have sought to take the benefit of certain regulatory gaps.
22 Aug 2019 12:23 PM
Former Maharashtra chief minister and senior Shiv Sena leader Manohar Joshi's son Unmesh Joshi was also summoned by the ED in this case.
22 Aug 2019 10:08 AM
NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter, the bench said.
20 Aug 2019 7:04 PM
‘I received notice on Friday night. I have come to meet ED officers today. It must be about Kohinoor (Kohinoor building case),’ Joshi said.
20 Aug 2019 1:41 PM
IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.
19 Aug 2019 1:14 PM
Thackeray and Unmesh Joshi had jointly bid for some assets after creating a consortium, but later the MNS chief quit.
19 Aug 2019 1:10 PM
The Indian government took control of IL&FS late last year after it defaulted on some of its debt.
15 Aug 2019 9:39 AM
The net profit was Rs 771.42 crore in the same period of last year. GIC Re is the country's largest reinsurer.
15 Aug 2019 1:29 AM
NBFCs, including HFCs, came under stress following series of defaults by group companies of IL&FS in September last year.
14 Aug 2019 8:56 AM
In recent times, the ministry has initiated stringent action against various entities, including auditors, in the IL&FS scam, among others.
12 Aug 2019 5:40 PM
The move is aimed at helping the rating agencies get timely information about the rated entity's financial strength.
06 Aug 2019 6:05 PM
Non-banking finance companies (NBFCs), or shadow banks, have dramatically slashed lending following the collapse of IL&FS, in late 2018.
05 Aug 2019 4:28 AM
The agency is looking forward to directions from the government to formally begin the investigation.
31 Jul 2019 1:03 AM
RBI was closely monitoring top 50 NBFCs, and had a good understanding of cash flows of these firms, said Shaktikanta Das.
26 Jul 2019 1:30 PM
Net disbursals by NBFCs/HFCs to real estate developers declined by almost half from about Rs 52,000 crore in 2017-18.
25 Jul 2019 1:10 PM
Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.
21 Jul 2019 11:55 AM