You Searched For "ILFS" and got 20 results
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2 mins read
Investors lose over $600 million in a day in one stock as the management was more optimistic than cautious
The shares of IndusInd Bank slipped by over 7% at one point on Thursday after global investment b…
2 mins read
India’s central bank is on high alert amid fears of a ₹8.5 billion default by housing finance major
The Reserve Bank of India (RBI) governor Shaktikanta Das today said that the central bank could ste…
1 min read
IL&FS sells 50 pc stake in GIFT City to Gujarat govt for Rs 33 cr
GUDCL, as the joint venture partner and the owner of the balance 50 per cent stake in Gujarat Inter…
PTI
3 mins read
An Indian bank is still making the same mistake of hiding the worst and hoping for the best
To start with, Mumbai-based IndusInd’s profits fell by 62% in the fourth quarter compared to ₹9.5 …
3 mins read
SEBI and RBI to tighten credit agencies’ biz models, to avoid another IL&FS
They are also in favour of a Chinese wall between the agencies and management of the client. …
2 mins read
LIC executives are being investigated by India’s corporate fraud agency for their role in the IL&FS crisis
The investigation into Infrastructure Leasing & Financial Services (IL&FS) deepens. …
4 mins read
India's 'Lehman moment' seems closer than ever as top mutual funds defer dues to investors
When an investor buys a mutual fund, specifically invests in a fund that lends money to corporate b…
2 mins read
Govt seeks additional 270 days to complete resolution for 105 IL&FS group companies
"For the remaining 105 domestic group entities, extend the scope and operation of the order passed …
PTI
2 mins read
India sees the first arrest in the country’s biggest financial scandal of 2018
As the prospects for the infrastructure and power sector declined following the fin…
2 mins read
Even British Airways and Philips stand to lose money in India's biggest financial scandal of 2018
Ahead of the debt resolution process of troubled infra lender Infrastructure Leasing & Financia…
2 mins read
Here’s why less than 1% of India’s companies would get a top credit rating by global standards
In a statement that could set alarm bells ringing, CRISIL said that less than 1% of 32,500 ratin…
2 mins read
IL&FS case: Sebi slaps Rs 25 lakh fine each on ICRA, CARE
New Delhi, Dec 26 () Markets regulator Sebi on Thursday imposed a penalty of Rs 25 lakh each on rat…
PTI
3 mins read
The RBI may have dealt a $1.5 billion blow to Indian banks’ bottom line
As a result, the creditors of IL&FS, which include many of India’s public sector banks such…
3 mins read
As India’s shadow banks brace for a tough 2019, the central bank and government will try and prevent a repeat of the IL&FS crisis by solving the data problem
One of the big stories emanating from the Indian banking sector last year was the repeated defaul…
1 min read
IL&FS Investment Managers non-exec independent director Mehta resigns; to join Yes Bank board
"We hereby inform that Sunil Mehta, non-executive independent director of the company, has resigne…
PTI
2 mins read
7 Indian employees of IL&FS Ethiopia held hostage by local workers over unpaid wages and pension
Seven Indian employees working at Infrastructure Leasing and Financial Services Ltd — which defa…
2 mins read
The Reserve Bank of India just made it a lot easier for the country’s shadow banks to sell off their loans
The restriction was put in place to ensure that the loan was being serviced regularly prior …
2 mins read
India’s largest infrastructure lender is selling its renewable energy assets to avoid defaulting on its debts
The renewable energy assets up for sale include a number of operational and soon-to-be operation…
2 mins read
India’s securities regulator is forcing rating agencies to comply with stricter assessment norms to prevent a repeat of the IL&FS crisis
In the wake of the collapse of IL&FS, wherein India’s largest infrastructure lender defaulte…
1 min read
IL&FS Group gets Justice D K Jain's approval for sale of its education biz
New Delhi, Dec 19 () The IL&FS Group on Thursday said Justice (Retd) D K Jain, who is overseein…