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Centre initiates process to appoint two full-time members on Irdai board

Both the appointments shall be made by the central govt on the recommendations of the Financial Sector Regulatory Appointment Search Committee.

Fitch Rating slashes India's GDP growth forecast to 5.5% for FY20

Weakness has been fairly broad-based, with both domestic spending and external demand losing momentum, Fitch said

DHFL crisis: Banks stare at huge provision burden if fraud is established

KPMG did a forensic audit on DHFL. Its draft report has startling findings and says DHFL could have diverted funds to promoter-led entities

Rising risk of contagion in India's financial sector, cautions S&P

A recent contagion analysis released by the Reserve Bank of India (RBI) suggested that the failure of any top-five HFC or NBFC could result in the default of up to two banks

Banks may face capital crunch of $50 billion if NBFC crisis drags: Fitch

The agency said it also pictured a scenario where 30 per cent of banks' property exposure becomes non-performing, due to tight liquidity and weak sales

NBFC crisis: Indian banks could face a $50-billion capital shortfall: Fitch

The weakest, including those with Viability Ratings in the 'b' range, would face heightened solvency risks without capital injections from the government, the rating agency said

Economic slump may hit refinancing by Indian vehicle financiers: Moody's

A key risk for vehicle financing companies in India was their heavy reliance on short-term wholesale funding, the agency said

S&P downgrades Jain Irrigation to 'D' on missed principal payments

S&P said there was a high likelihood that the company would be classified as a nonperforming asset by its relationship bankers

Moody's downgrades Indiabulls to B2 on fund raising challenge, governance

Rating agency says continued decline in on-balance sheet loans is a reflection of its funding challenges

Value of downgraded debt trebles to Rs 1.38 trn in H1 of FY20: Crisil

Jewellery, garments, construction bear brunt of downgrades as slowdown, sharp fall in consumption demand, slower govt spending weigh

Economic slowdown: Pace of retail credit offtake falls to 15.6%

The economy grew by just 5% in first quarter ended June 2019

Brickwork downgrades Peninsula Lands debentures from 'A' to 'BBB-'

The rating downgrade factors in high refinancing risk given consolidated ongoing project debt repayments of Rs 663 cr from July 2019 to March 2020 and Rs 417 cr in FY21, as there is slowdown in sales

Central Bank of India set to raise Rs 2000 crore via tier-II bonds

These rated instruments (tier-II bonds under Basel III) is a hybrid subordinated instrument with equity-like loss-absorption features.

RBI places restrictions on Punjab & Maharashtra Co-op Bank's biz for 6 mths

Supersedes board, appoints admin; exposure to HDIL bone of contention

SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1

Also, link pricing credit to Medium units to the repo rate

Loan camps by public sector banks, NBFCs in 200 districts from October 3

The loan camps are being held later than the scheduled date of September 24-29 as lenders will be involved in finalising their balance sheets during this period

Arvind to raise Rs 490 cr in long-term loans, restrict capital expenditure

Arvind had pre-paid a term loan of Rs 40 cr falling due in FY21

GMR Airports to raise Rs 650 cr via bonds by September end to pay off debt

Investment from Tata, Singapore wealth fund now delayed till December

Armed with Crisil's AAA rating, NHB to raise Rs 4,000 cr via NCDs

The NHB has robust asset quality and healthy capitalisation

Public sector banks seek relaxation on risk weight for NBFC loan purchases

Banks have to set aside capital for loan exposures