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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…
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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…
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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…
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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
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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
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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…
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. …
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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. …
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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…
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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…
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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…
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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…
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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…
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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…