Page 693 - Finance News

Stressed power assets escape insolvency noose, but uncertainty remains

There are about 10 plants totalling 10 Gw, which are incomplete and are highly unlikely to find a buyer

SBI to link home loans to repo rate from July, cuts interest rates on CC/OD

t was the third consecutive repo rate cut by RBI, with cumulative reduction of 75 basis points in 2019, so far

RBI rate cut not likely to boost corporate lending, private sector's capex

Historically, there has been no correlation between growth in bank credit to industry and lower benchmark interest rate

RBI issues new guidelines on bad loans, replaces one-day default rule

Lenders will have to submit weekly report of instances of default by all borrowers with aggregate exposure of Rs 5 crore and above

Why Modi govt should plan mega-bailout of distressed financial industry now

The latest casualty is Dewan Housing Finance Corp, which missed payments due June 4 and had its short-term credit rating cut to default at the local affiliate of S&P Global Ratings

RBI ready to help troubled shadow banks, but stops short of specific steps

Shaktikanta Das told a press conference that the central bank is closely monitoring the NBFC sector

Revised Feb 12 circular will be issued in three-four days: Shaktikanta Das

Accommodative stance means that a rate increase is off the table, says the RBI Guv

Banks likely to cut lending, deposit rates by 20 bps in four months

State Bank of India's cash credit and overdraft rates will become cheaper by 25 bps from next month

RBI cuts repo rate by 25 bps to 5.75%; changes stance to 'accommodative'

Internal working group to review liquidity management framework

SFIO probe report lists lapses in 13 loans given by IL&FS to ABG group

Due process not followed, ABG group used the money to repay old credit

Fear of contagion looms over financial sector after DHFL's payment default

Nomura analysts said the Reserve Bank of India and the government would need to segregate the potential solvency issue at DHFL from liquidity issues at other larger wholesale NBFCs and HFCs

Mutual fund industry in a tizzy over DHFL fallout, halts fresh inflows

AMCs announce 'side pocketing' for schemes with DHFL exposure

RBI keeps options open for more rate cuts with move to accommodative stance

The policy also has several developmental and regulatory measures

RBI allows on-tap licensing of SFBs to drive financial inclusion

RBI said more time is needed to review the performance of payments banks before considering their licensing to be put on tap

RBI junks digital transaction charges, sets up panel on ATM interchange

RTGS, meant for large-value instantaneous fund transfers, and NEFT, for other fund transfers, are operated by the central bank

Shares of HFCs and NBFCs tank, RBI says won't hesitate to take steps

Absence of concrete measures by the RBI to support the NBFC sector disappointed investors

RBI assures all help to troubled NBFCs; SBI monitoring exposure to sector

The country's largest lender SBI too said it has been closely monitoring its exposure to the NBFC sector for the past 10 months and taking action as required

RBI cuts repo rate by 25 bps to 5.75%, changes stance to accommodative

According to a Bloomberg Survey, 31 of 43 economists had projected 25 basis point rate cut while three penciled in a 50 basis points cut.

DHFL's default can expose Rs 1-trn in borrowing to risk of default: CLSA

CLSA feels asset sales will be key to prevent defaults by DHFL, as expected repayments over the next two months are higher at Rs 6,000 crore versus expected collections of Rs 4,000 crore

DHFL assigned default rating; MFs with high exposure see 30-50% drop in NAV

CRISIL and Icra assigned 'D' rating to DHFL's commercial papers, anticipating a default, while CARE Ratings marked D, or default, the housing finance firm's all long-term facilities