Page 6 - Latest Updates on IL&FS Crisis
Rs 7 trillion of corporate papers downgraded since start of IL&FS fiasco
The IL&FS crisis in September led to panic in markets with liquidity quickly drying up for borrowers, whose business models relied heavily upon debt markets
 "Rs 7 trillion of corporate papers downgraded since start of IL&FS fiasco")
IL&FS lent Rs 175 cr to Siva Group at Hari Sankaran's behest: SFIO petition
The petition alleged that Sankaran favoured the group because of his proximity to C Sivasankaran.
 "IL&FS lent Rs 175 cr to Siva Group at Hari Sankaran's behest: SFIO petition")
IL&FS to get first set of bids under asset monetisation on Monday: Report
The company's board will later consider bids for Rs 8,000 crore renewable energy business that was put on the block in November 2018
IL&FS, subsidiaries can be declared NPAs only after nod, says NCLAT
Step being taken in the interest of the resolution plan being executed by the new board of IL&FS, observes NCLAT
 "IL&FS, subsidiaries can be declared NPAs only after nod, says NCLAT")
EPFO says exempted firms, not staff, to bear losses of investments in IL&FS
Asks all exempted companies for exposure in tainted group, is working towards automatic linking of provident fund accounts
 "EPFO says exempted firms, not staff, to bear losses of investments in IL&FS")
How easy credit from shadow banks has begun to haunt Indian realty sector
The regulator for housing-finance firms has allowed an accumulation of illiquid long-term assets with liquid short-term liabilities
 "How easy credit from shadow banks has begun to haunt Indian realty sector")
Rich or poor, everyone is at risk from the crisis in Indian shadow banks
A wall of mistrust threatens to feed through to microlenders, hurting the poor and dragging down consumption.
Harmonisation of NBFCs to ease regulatory complications, say experts
As the IL&FS group defaulted on its debt obligations, the NBFC sector earned a bad reputation for itself and also went through a period of liquidity tightening
 "Harmonisation of NBFCs to ease regulatory complications, say experts")
Second wave of crisis? How Essel can worsen shadow banks' cash crunch woes
Defaults at IL&FS have roiled the credit market and made it harder for other non-bank lenders to access funds
 "Second wave of crisis? How Essel can worsen shadow banks' cash crunch woes")
The IL&FS soap opera has now created more drama; this time for Zee
The implosion of the highly rated lender raised financing costs for everyone who had borrowed short-term funds to invest in long-term assets such as roads, power stations, waste-management plants
 "The IL&FS soap opera has now created more drama; this time for Zee")
Do not exit debt funds hit by IL&FS events as resolution may happen soon
Fund houses still haven't used the side-pocketing option
 "Do not exit debt funds hit by IL&FS events as resolution may happen soon")
After IL&FS, securitisation... India's Lehman genie out of the bottle again
It all began on Tuesday with S&P Global's Indian affiliate, Crisil, downgrading Jharkhand Road Projects Implementation Co.'s annuity-backed bonds to D after it skipped interest and principal payments
 "After IL&FS, securitisation... India's Lehman genie out of the bottle again")
Crisil downgrades NCD of IL&FS' Jharkhand road project to junk grade
Rating D is assigned by Crisil to instrument, which are in default or are expected to be in default soon
Need to review role of credit rating agencies: Rajiv Kumar on IL&FS crisis
Rating agencies failed to see the financial troubles brewing and judge the ballooning debt of IL&FS
Fund managers build positions in robust NBFCs to cash in on IL&FS overhang
Vehicle financiers, consumer play on money managers' radar
Malabar Hill property among realty IL&FS will auction off to pare debts
Sources said the company may be able to fetch nearly Rs 2 bn by selling these properties
IL&FS Investment Managers' board appoints 2 new additional directors
Kishore and Modak have been appointed to the board in the capacity of nominee directors of IL&FS
 "IL&FS Investment Managers' board appoints 2 new additional directors")
IL&FS fiasco: India is missing the wake-up call from its shadow-bank bust
When the IL&FS show did stop, risk management was nowhere to be found; fiduciary responsibilities were similarly absent
Crisis-hit NBFC sector sees private equity investments growing 88% in 2018
The increase in overall PE investment value has been despite the number of deals this year being lower than last year, and the sector facing a liquidity crisis
 "Crisis-hit NBFC sector sees private equity investments growing 88% in 2018")
IL&FS effect: Sebi may review existing regulatory norms for liquid schemes
Besides reviewing the single-investor limit, the regulator is mulling whether a liquid scheme is the right place for money meant for banks' intra-day liquidity
 "IL&FS effect: Sebi may review existing regulatory norms for liquid schemes")
