At more than $200 billion, India's world-beating pile of bad loans is bigger than Italy's
Foreclosure charges are part of the fee income for any lender and adds to its bottom line
DHFL had earlier said its creditors would not have to take any haircut on principal payments under its resolution plan.
This has been done to increase the credit flow to certain sectors which contribute significantly to economic growth in terms of export and employment
The statement comes after the shadow bank warned on Saturday it might not survive as a going concern and reported a net loss of Rs 22.23 billion ($324.19 million) for the March quarter
Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March
Shaktikanta Das told a press conference that the central bank is closely monitoring the NBFC sector
If the funding channel keeps drying up, one silver lining could be less damage from margin calls
Shadow banking affects not only the property market, but also superannuation, central banking policy