You Searched For "ILFS crisis" and got 20 results
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2 mins read
NCLAT directs NHAI not to terminate concession agreement of IL&FS group entity
, The National Company Law Appellate Tribunal has directed the National Highways Authority of India…
PTI
1 min read
Lakshmi Vilas Bank is the fifth financial firm to collapse in India within the last 30 months
The downfall of Lakshmi Vilas Bank (LVB) was in the making for over a year, and it’s only the mos…
Prabhjote Gill
4 mins read
Here's why former RBI governor Rajan and former deputy Acharya believe the plan to allow corporations to own banks is a 'bad idea'
Their direct access into the financial veins of the system would only increase the concentrati…
2 mins read
IL&FS case: The latest arrests in India's largest financial scandal of 2018 are for alleged money laundering
Arun Shah was the Joint Managing Director of IL&FS Financial Services while K Ramchandra w…
3 mins read
IL&FS crisis was red-flagged in 2018 'confidential' note by the DEA
"DEA had raised red signals of the likely collapse of IL&FS and had expressed its deep conce…
PTI
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…
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…
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. …
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
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…
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
NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt
"In view of the relief sought by the applicant, this bench hereby approved that sale of shares of …
PTI
2 mins read
HSBC moves to liquidate IL&FS company in Singapore court
The application has been listed for hearing on March 20 and "any creditor or contributory of …
PTI
3 mins read
In the IL&FS scam, auditors will not be left off the hook for their role
The NCLT is empowered to pass order to implead them under Section 242 of the Companies Act, 20…
PTI
1 min read
Corp Affairs Min reviews IL&FS resolution progress
New Delhi, Dec 13 () The corporate affairs ministry this week reviewed the steps taken to address t…
PTI
2 mins read
Sebi mulls raising penalty on rating agencies in IL&FS case
Sebi, in its order, had noted that the exposure of IL&FS at the relevant times was critical to…
PTI
2 mins read
Indian pension fund says it won’t lend money to private companies
The credit crunch in the Indian economy is getting more acute by every passing day. The latest…
2 mins read
Budget 2019: RBI will regulate housing finance companies, tighten hold on NBFCs
"The National Housing Bank (NHB), besides being the refinancer and lender, is also regulator of…
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…