Page 3 - Shadow Banking
Shadow banking crisis: NBFCs' asset quality under stress as profit slips
In the first half of FY20, asset quality of the sector showed further deterioration with slight increase in GNPAs.
 "Shadow banking crisis: NBFCs' asset quality under stress as profit slips")
Health check shows fortunes turning for NBFCs after prolonged crisis
Two of four indicators compiled by Bloomberg that reflect the state of non-bank financial companies strengthened last month from October
 "Health check shows fortunes turning for NBFCs after prolonged crisis")
Lending rules for weak shadow banks eased to help them access more funds
The cabinet also approved a pact with Japan to help build high grade steel manufacturing capabilities in the country
 "Lending rules for weak shadow banks eased to help them access more funds")
Stung by the cash crunch, India's top shadow banks find respite overseas
The industry has been reeling from a crisis triggered by the shock collapse of financier IL&FS Group last year, which has been followed by more failures
 "Stung by the cash crunch, India's top shadow banks find respite overseas")
Govt looks to ease lending rules for NBFCs to lift cash-starved financiers
The government is keen to revive credit growth and spur Asia's third-largest economy, which expanded at the slowest pace in six years in the quarter to Sept. 30
 "Govt looks to ease lending rules for NBFCs to lift cash-starved financiers")
Piramal Capital borrows Rs 1100 crore for 4 months from Barclays: Report
The rate of interest is 7.5 per cent on the four-month loan deal signed last week between Piramal Capital & Housing Finance Ltd. and the British bank
 "Piramal Capital borrows Rs 1100 crore for 4 months from Barclays: Report")
Govt wants RBI to take over stressed assets of shadow banks: Report
The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said
 "Govt wants RBI to take over stressed assets of shadow banks: Report")
How a potential $5 bn DHFL write-off can worsen the shadow bank crisis
The potential write-off would place an additional burden on Indian banks already struggling with $130 billion of bad loans, one of the highest levels in the world
 "How a potential $5 bn DHFL write-off can worsen the shadow bank crisis")
RBI discovers more than $450 million in extra bad loans at Yes Bank
Gross non-performing assets assessed by the Reserve Bank of India were $457 million higher than Yes Bank had disclosed as of March 31
 "RBI discovers more than $450 million in extra bad loans at Yes Bank")
Indian shadow banks remain weak as credit crisis continues unabated
Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons
 "Indian shadow banks remain weak as credit crisis continues unabated")
Crisis no hindrance for yield-hungry global financiers to Indian NBFCs
The top-rated non-banking financing companies are able to get loans in the domestic market as well, but they are finding that borrowing costs are often lower overseas
 "Crisis no hindrance for yield-hungry global financiers to Indian NBFCs")
How some financiers are benefiting from India's shadow banking crisis
Many shadow lenders have been effectively shut out of the nation's credit market as the more than 15-month-old banking crisis raises investor wariness about the financiers' ability to refinance debt
A health check on India's shadow banks shows the crisis is far from over
Troubles began last year when major shadow bank IL&FS Group unexpectedly defaulted, prompting broader shock that made it hard for many companies to refinance debt
 "A health check on India's shadow banks shows the crisis is far from over")
Indian economy on life support, structural reforms need of the hour
What's going on? The Indian economy is facing a perfect storm, beset by a combination of cyclical and structural factors that makes recovery doubly difficult
 "Indian economy on life support, structural reforms need of the hour")
Shadow banking crisis claims another victim; fin stocks a drag on Sensex
Financials have seen sharp erosion in their share prices in wake of the yearlong crisis in India's credit markets
 "Shadow banking crisis claims another victim; fin stocks a drag on Sensex")
Trouble is brewing in the farthest corner of China's shadow banking
The repercussions could be significant if losses on such products fuel a broader retreat from high-yield assets in the world's second-largest economy
 "Trouble is brewing in the farthest corner of China's shadow banking")
Shadow bank woes may continue to haunt stock market after disrupting rally
The S&P BSE Sensex Index posted its third day of losses on Tuesday, ending a surge since the Sept 20 announcement of the tax cuts
 "Shadow bank woes may continue to haunt stock market after disrupting rally")
LIVE: A year after bad-loan crisis, state-appointed IL&FS board takes stock
IL&FS had made a series of defaults in September 2018, triggering widespread concern of a bad debt crisis lurking in India's shadow-banking sector.
 "LIVE: A year after bad-loan crisis, state-appointed IL&FS board takes stock")
Indiabulls seeks early hearing on fraud charges after record share slump
The development represents an effort to get out ahead of recent headlines that contributed to its share price losing an unprecedented 34% slump on Monday. Shares rebounded 5% on Tuesday
 "Indiabulls seeks early hearing on fraud charges after record share slump")
Can a land bank be the solution to India's huge shadow bank crisis?
India's banks are rapidly losing faith in the shadow financiers that lend to property builders
 "Can a land bank be the solution to India's huge shadow bank crisis?")
