NBFC securitisation of loans picks up as other sources of funds dry: ICRA
ICRA expects securitisation volumes to touch an all-time high in this fiscal year.
IL&FS completes sale of wind energy assets to Orix
IL&FS said that it has completed the sale of its wind energy assets to Orix Corporation of...
IL&FS board waives confidentiality clause with CAM to expedite probe
SFIO has asked the law firm for entity-wise details.
IL&FS completes wind power units sale to Orix for RS 4,800 crore
This move gives Orix, which previously owned 49% stake a 100 % ownership in each of the seven projects. The entire debt of around Rs 3,700 crore held in the seven SPVs will now be with Orix thereby resulting in no haircuts for the lenders.
The unsafe vaults: With the financial system hit by defaults, is it time to resurrect an old law?
The govt dropped a law aimed at dealing with the blow-up of financial services cos due to a misplaced campaign that depositors’ money would be used to bail out failed banks, but now is it time to bring it back to fire up the economic engine.
IL&FS to sell 13 prime properties across three cities
Out of the total 13 properties, 11 are in Mumbai. The properties put on the block include seven commercial properties and six residential properties.
Will investors regain confidence on home financiers?
RBI has slashed the rate by 135 bps since February, helping lower the absolute yields.
SFIO asks India’s top law firms to disclose all information related to IL&FS
SFIO demands info for the past 10 years from top law firms who have reached out to IL&FS for its consent.
Finance Minister Sitharaman to meet CEOs of PSU banks on Oct 14
The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said.
Resolution plans ready for all 302 entities: IL&FS
The IL&FS board said it is confident on restructuring or resolving 50 per cent of the total debt.
Uday Kotak gets 1 year extension on IL&FS board
ILFS has put on block assets worth Rs 50,000 crore. It has sold wind energy assets to Orix. There are 14 separate bids for 10 road assets.
NBFCs woes to persist in the second quarter results
A record number of rating downgrades in the quarter will also make it harder for these lenders to access capital from mutual funds.
NBFC stocks tumble amid ongoing crisis; DHFL slides nearly 8 per cent
Shares of the troubled DHFL closed 7.52 per cent lower at Rs 28.90 apiece on the BSE.
CDSL freezes DHFL's promoter holding for delay in announcing Q1 results
Sources close to DHFL said the company results are expected to be announced in next few days.
NBFC crisis makes it hard to cut bond losses
Meanwhile, many mutual funds segregated their investments in defaulting companies.
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