IL&FS crisis may lead to consolidation in NBFC sector: Fitch – ET Auto

IL&FS crisis may lead to consolidation in NBFC sector: Fitch – ET Auto

The News Scroll 22 May 2019 Last Updated at 4:18. -This story has not been edited by Outlook staff and is auto-generated from news. IL&FS crisis may lead to consolidation in NBFC sector: Fitch.

IL&FS crisis may lead to consolidation in NBFC sector: Fitch The report comes against the backdrop of the Reserve Bank of India’s decision to create a specialised cadre to supervise and regulate the financial sector, including banks and NBFCs.

IL&FS crisis may lead to consolidation in NBFC sector: Fitch By Financial Express on May 22, 2019 The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking.

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IL&FS crisis may lead to consolidation in NBFC sector: Fitch – ET Auto Nirmala Sitharaman had announced that for purchase of high-rated pooled assets of financially sound nbfcs, the government will provide onetime six months’ partial credit guarantee to public sector.

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IL&FS crisis may lead to consolidation in NBFC sector: Fitch "In the absence of the meeting of IRC, the investment related proposals were continued to be approved by the Committee of Directors (COD).

IL&FS crisis: RBI may cancel licenses of 1,500 small NBFCs, says report Description: Nearly 11,000 of India’s NBFCs are small and medium-sized businesses with an asset base of less than Rs 500 crore. But the top 400, many of which are backed by banks and finance companies, control about 90% AUM

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