Goldman Sachs and SSG in talks to buy RattanIndia bad loans
In September last year, state-run Power Finance Corp filed an insolvency plea against RattanIndia Power, formerly known as Indiabulls Power, to recover unpaid dues.
CARE Ratings downgrades Eros International to default
The company tapped a credit line of Rs 750 crore through a combination of long-term and short-term bank loans, and other forms of bank credit.
RBI said to have approved sale of DHFL’s edu loan company to Warburg
The company was trying to sell some loan portfolios to two or three select banks.
Debt funds take a tumble as DHFL slips on payment
The net asset values (NAVs) of several debt schemes fell by 6-53 per cent on Tuesday.
Shapoorji Pallonji Group’s first IPO looks to raise Rs 4,500 crore
The issue is an offer for sale by the companys promoters and chairman, Khurshed Daruvala.
Eros Media tanks 20%, hits 52-week low on CARE downgrade
The downgrade will likely hit EIMLs fundraising plans.
Dewan Housing Finance Shares Plunge After ICRA, Crisil Downgrades
The ratings downgrades underline the problems in the country’s shadow banking sector, which has struggled since a series of defaults at Infrastructure Leasing and Financial Services last year.
SAT grants additional time of one week to NSE to transfer Rs 624.89 crore, rejects application for furnishing of bank guarantees.
RBIPolicy | MPC cuts repo rate by 25 bps, making this the third rate cut in 2019.
RBI won’t hesitate to take whatever measures needed to ensure financial stability, says RBI Governor Shaktikanta Das.
No Charges To Be Levied On RTGS, NEFT Transactions: RBI
Earlier, the Reserve Bank of India (RBI) announced an extension in the timings applicable to RTGS transfers by one-and-a-half hours.
RBI Cuts Key Interest Rate To Lowest In 9 Years, Eases Policy Stance
The six-member Monetary Policy Committee voted unanimously for a rate cut. It also switched to an accommodative bias from a neutral stance adopted in February.
A $190 Billion Clean-Up Needed As PM Modi Looks For Growth Booster
Just days after a landslide electoral victory, PM Modi is being forced to focus on the economy after the slowest expansion in five years.
RBI cuts FY20 GDP growth forecast to 7% from 7.2%
The six-member committee voted in favour of an aggressive 25 basis points reduction in the key policy rate.
RBI raises H1FY20 consumer inflation estimate to 3-3.1% from 2.9-3%
The Reserve Bank of India cut the repo rate by 25 bps, from 6 percent to 5.75 percent.
DHFL default saga: A look at the story so far
DHFL has Rs 850 crore of outstanding commercial papers of which Rs 750 crore is due in June 2019. The first CP maturity is on June 7, 2019
Borrowings by PSUs like NTPC, NHAI should be looked at as capital requirements of the economy, says RBI Governor.
Watching NBFC players closely, panel looking at ways to address liquidity issues: RBI Guv
RBI will ensure that adequate liquidity is available in the system, Das said.
State development loans are not risky at all, says RBI Governor. #RBIPolicy
RBIPolicy| The headline inflation trajectory remains below the target mandated to the MPC, says RBI Governor Shaktikanta Das.
India-China trade to cross $100 billion this year: Envoy
RBI Raises Retail Inflation Forecast To 3-3.1% For First Half Of 2019-20
In its first bi-monthly policy for FY20 in April, the Reserve Bank of India (RBI) had forecast the retail inflation to be hovering in the range of 2.9-3 per cent for six months till September.
MPC notes that growth impulses have weakened significantly as reflected in a further widening of the output gap, says RBI Governor Shaktikanta Das. #RBIPolicy
Wipro Founder Azim Premji To Retire By End-July
Azim Premji will stay on as non-executive director, the Bengaluru-based company said
IOC, HPCL to contest over Rs 4,000-crore tax demand on sale of ethanol blended petrol
Government To Order Uber, Ola To Go Electric: Report
Some taxi players, like Ola, have previously tried to operate electric cars in the country, but with little success given inadequate infrastructure and high costs.
RBI Panel To Review Liquidity Management Framework
The assessment of liquidity position by different market participants had varied markedly and was not always in sync with the actual systemic liquidity position of the economy, the statement said.
‘On Tap’ Licensing For Small Finance Banks Under Study, Says RBI
The Reserve Bank of India (RBI) on Thursday said it was considering ‘on-tap’ licensing facility for small finance banks and proposed to issue the draft guidelines by the end of August.
SBI Says Monitoring Exposure To Shadow Banks “Very Closely”
A series of defaults at lender Infrastructure Leasing and Financial Service Ltd last year raised concerns about the country’s shadow banking industry