Finance Minister Nirmala Sitharaman.
19 Jul 2019 1:27 PM

RBI has opened an indirect liquidity window to aid banks to give funds to the sector, which is facing a severe liquidity crisis.

Stock of DHFL slumped 28.10 per cent at Rs 49.20 on BSE.
15 Jul 2019 2:20 PM

DHFL reported a loss of Rs 2,223 crore for the March quarter of 2018-19 financial year.

As per the data from Anarock Property Consultants, 5.6 lakh units worth Rs 4.5 lakh crore are either stuck or delayed in top 7 cities.  (Representational Image)
13 Jul 2019 12:56 AM

JV partnership with developers and PE firms explored.

The interested Banks/ARCs/ NBFCs/ FIs can conduct due diligence of these assets with immediate effect, SBI said.
12 Jul 2019 9:34 AM

The e-auction of Rajashree will take place on July 22 while that of Shree Vaishnavi on July 29.

FPIs took out a substantial amount of money from Indian equities this week. It seems the global trends related to US-China and US-Iran are still impacting sentiments. A pre-Budget anticipation might also have had a role to play, Groww COO Harsh Jain said. (Photo: Representational | PTI)
07 Jul 2019 11:38 AM

As per latest data, FPIs withdrew amount of Rs 3,710.21 crore from equities but invested Rs 3,234.65 crore in the debt.

Govt will provide a one-time partial credit guarantee to PSBs to buy high-rated pooled assets of financially sound NBFCs.
05 Jul 2019 3:07 PM

The NBFC sector is currently undergoing a liquidity hurdle with a spate of defaults of companies.

The Finance Minister also announced one-time six-month partial credit guarantee for the PSBs.
05 Jul 2019 1:15 PM

Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.

In the past one year, NPAs worth Rs 1 lakh crore has been recovered, Sitharaman said. (Photo: DC)
05 Jul 2019 1:15 PM

Government-owned and private banks besides non-banking financial companies have been saddled with huge NPAs.

Former RBI Governor Urjit Patel.
04 Jul 2019 1:38 PM

Patel said an asset quality review for the NBFCs is ‘inevitable’ given their interconnectedness in financial system.

SIAM has urged the government to take suitable measures to promote flow of credit in the system to facilitate new vehicle purchases.
03 Jul 2019 3:22 PM

SIAM said the role of NBFCs is important in vehicle sales as they cater to customers mainly in semi-urban and rural areas.

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