Up to 24% defaulters had safe credit rating: RBI report
The study has concluded that ratings do not always reflect the asset quality of borrowers in a timely manner and there are concerns over delayed reporting of ratings by banks. But despite the limitations, the report says the use of external ratings in regulations is inevitable and ways to improve agency performance should be explored.
Sri Guru Raghavendra Sahakara Bank says will meet commitments before March 31
Depositors have been flocking to the bank's branches after the ...
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Suzlon Energy stock slides by 10 pc after default on borrowings worth Rs 7,256 crore
The company said that the loans were given by a consortium of 18 banks led by the State Bank of India and Indian Renewable Energy Development Agency (IREDA).
Wild year in China markets ends with record defaults and dull Yuan
Sovereign bonds rose, but lagged bigger gains in government-bond markets elsewhere.
Peninsula Land defaults on Rs 2.35 crore debt obligations
The company is known for developing India’s first mall Crossroads in South Mumbai and converting first mill land into a commercial complex Peninsula Corporate Park in Central Mumbai’s now business district Lower Parel.
Room air conditioners to now have default temperature of 24 degree Celsius: BEE
According to the notification, all brands and types of star-labelled RACs, which are rated from one star to five stars based on their energy efficiencies and manufactured, commercially purchased or sold in India, shall ensure default setting of temperature in the room air conditioners at 24 degrees Celsius, with effect from January 1, 2020.
Sebi issues new framework for core settlement guarantee fund, non-defaulting members
A core Settlement Guarantee Fund is a corpus used for settlement of trades during defaults and all intermediaries.
Sebi tweaks rating withdrawal norms for CRAs
Sebi said at the time of withdrawal, the CRA should assign a rating to such instrument and issue a press release mentioning the reason for withdrawal of rating.
China vows to improve bond handling as defaults hit record
China’s onshore bond defaults have exceeded 130 billion yuan so far this year.
Defaults in Asia set to rise with hot spots in China, India
As some economies in Asia slow, companies are left vulnerable to any tightening in liquidity. A rise in defaults would likely further weigh on investor sentiment, and raise the cost of borrowing for the riskiest firms.
Questions for 2020: A big NBFC collapses?
Today, the story has a different shade of grey. Even as the fear that gripped earlier is ebbing, hard times are here. So far the strain was in the ‘liability’ side of balance-sheet as NBFCs had nowhere to borrow from. Now, the cause of anxiety is ‘asset’ book, as there are fewer people to lend to.
As moratorium ends, NPAs may rise in January
With the moratorium period of some facilities gradually coming to an end, it is expected that the asset quality may come under pressure. There has also been an increase in softer delinquencies for nonbanks in the current fiscal reflecting the build-up of stress.
Credit risk funds of 3 mutual fund houses stand tall amid defaults, downgrades
The category has been witnessing consistent outflows for several months now, owing to a series of defaults and downgrades that shook the NBFC space.
Yes Bank moves in to name wilful defaulters
In July this year, Yes Bank acquired 19% in Cox & Kings by invoking pledged shares. It also picked up 30% in Ezeego One Travel & Tours, a company promoted by Cox & Kings. Three months later, it acquired 21% in Tulip Star Hotel (earlier known as Centaur) in Mumbai.
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