SHADOW BANKING SYSTEM
Rescuers sought for shadow bank Altico as crisis deepens
Alitco’s bad loans spiked to 23.8 per cent of its loan book in the July-September quarter.
What Arvind Subramanian meant when he talked of India's Four Balance Sheet challenge
Subramanian discussed the twin balance sheet challenge i...
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 i...
It’s crunch time for Indian states’ finances as economy slows
The states have budgeted a consolidated fiscal deficit target of 2.6% of gross domestic product in the financial year ending March, a recent study by the Reserve Bank of India shows. Outstanding debt of states has risen over the last five years to 25% of GDP, posing medium-term challenges to its sustainability
RBI likely to resume dovish stance from FY21: Nomura
Nomura expects fiscal policy to play a bigger role in reviving growth.
Top shadow banks soothed by yield-hungry global funds
The government needs a healthier shadow banking sector as it tries to boost economic growth.
S&P reaffirms India’s sovereign rating at BBB- with stable outlook
“S&P has reaffirmed sovereign rating of India at BBB- with stable outlook. They have stated that India’s economy continues to achieve impressive long-term growth rates despite a recent deceleration,” economic affairs secretary Atanu Chakraborty said in a tweet.
Will RBI say YES to Erwin Singh Braich, the man who just forced India to sit up and take notice?
Not much is known about Erwin Singh Braich who's supposed to be the knight in shining armour for YES bank.
Private equity picks through rubble of India NBFC crisis
The funds have invested about $2 billion this year in the country’s non-bank financing sector.
Indian banks set to take a hit of Rs 36,000 crore from DHFL writeoff
The company’s shares are already down more than 90 per cent so far this year.
RBI’s Shaktikanta Das calls for tighter governance at Indian state-run banks
Describing the lack of strict norms as the "elephant in the room", he said this had led to all sorts of ills.
Priciest stock on D-Street shows resilience to consumer slowdown
This paint co got so much love from investors that it's now the most expensive stock in India’s benchmark index.
Global funds dump company bonds as credit worries persist
Overseas funds pulled Rs 2,640 crore in October, making it the 7th straight month of outflow.
Jain Irrigation cut to ‘selective default’ amid debt gloom
Jain Irrigation’s bankers have also appointed a restructuring consultant, according to S&P.
Stocks to make a comeback as banking crisis passes, AMP says
AMP Capital is sticking to its bullish stance despite the market’s recent rout.
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