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Finance Bill passed in Lok Sabha

Finance Minister Nirmala Sitharaman on Thursday asserted her Budget proposals are aimed at improving ease of living and reducing pain of citizen, even as she did not accept the......

How the once mighty Singh brothers fell from grace

From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a......

Sitharaman readies relief package for MSMEs, NBFCs

PSBs have been requested to reach out to MSMEs to provide bill discounting to them against their dues since they suffer the most from shortage of cash. Illustration: Dominic Xavier/Rediff.com The......

'RBI won't allow any cooperative bank to collapse'

One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das. After the fourth bi-monthly monetary policy committee (MPC) meeting on Friday,......

'If you allow money to flow, people are ready to buy houses, cars'

'If credit is not available, people will postpone buying. That's what has happened.' Photograph: Punit Paranjpe / Reuters Bad news continues to flow about the Indian economy, the latest being the......

Car sales likely to decline between 4-7% in 2019-20: ICRA

Weak consumer sentiment across urban and rural markets due to slow farm inflows, subdued agri-commodity prices, rising cost of ownership as a result of regulatory changes including safety,......
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Look out circular issued against Dheeraj Wadhawan

Last Saturday, ED had carried out raids at eight locations including DHFL headquarters in connection with the Rs.2186 crore loan given by the NBFC... ...

https://economictimes.indiatimes.com/news/politics-and-nation/look-out-circular-issued-against-dheeraj-wadhawan/articleshow/71728548.cms
India's banking sector stares at a bigger crisis

The failure of any large NBFC or HFC may deliver a solvency shock to lenders, S&P has said in its report. PTI | Updated: Oct 24, 2019, 06.44 AM IST... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/risk-of-contagion-in-financial-sector-rising-sp/articleshow/71719419.cms
Fitch

Systemic stress across India’s non-bank financial companies (NBFCs) would deal a significant setback to the banking sector’s recovery,... ...

https://www.thehindubusinessline.com/money-and-banking/nbfc-sector-stress-to-have-impact-on-banking-sector-recovery-fitch/article29775750.ece
NBFC crisis is far from over

“NBFC crisis is having a contagious effect, and if not tackled, the situation looks scary.” Bloomberg | Updated: Oct 23, 2019, 11.52 AM... ...

https://economictimes.indiatimes.com/markets/stocks/news/nbfc-crisis-is-far-from-over/articleshow/71717424.cms
S&P warns of rising risk of contagion in India’s financial sector

Advantage BJP in Maharashtra poll, as it usurps cooperative sector reins from Congress-NCP ...

https://www.thehindubusinessline.com/money-and-banking/sp-warns-of-rising-risk-of-contagion-in-indias-financial-sector/article29775034.ece

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