Page 3 - Liquidity Crisis

Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs

The Economic Survey on Friday unveiled an early-warning system, 'Health Score', that could read signs of impending rollover risk problems in the non-banking finance sector. The IL&FS crisis following debt defaults in 2018 had led to a contagion in the domestic non-banking financial company (NBFCs) sector. The 'Health Score', developed for NBFC and housing finance company (HFCs) sectors, can help detect early-warning signals of impending liquidity problems facing the companies in the sectors. The Survey, presented in Parliament by Finance Minister Nirmala Sitharaman on Friday, said the Health Score could be used to provide early warning signals of impending rollover risk problems in the NBFC sector and help set prudential threshold of permitted funding to the sector. A sudden payment default without any prior warning by Infrastructure Leasing and Financial Services (IL&FS) in August 2018 had triggered panic and caused liquidity crisis in the NBFC sector. Quoting the recent ...

Coffee Day Enterprises seeks more time to submit quarterly earnings

After the demise of VG Siddhartha, the conglomerate is facing liquidity crunch owing to higher interest outgo towards servicing debt.

Indian Hotels to VIP, 10 small and midcaps that may perform well in 2020

Stocks in the list meet the criteria of at least 15 per cent growth in earnings as well as returns over the next year

The 2020 Budget speech

The finance minister will present her first full Budget on February 1. This is the speech I wish to hear

Facing tight liquidity, NBFCs step up offshore fundraising exercise

Tight onshore liquidity is driving NBFCs into the overseas bond and loan markets in search of funding

No special liquidity window for NBFCs, says RBI deputy governor

The NBFC issue started after Infrastructure Leasing and Financial Services defaulted on a loan last year

African nations offer India barter deal: Copper, gold for infra projects

Struck by liquidity crunch, low foreign exchange, African nations want to swap copper, gold for infra projects

Sitharaman's sops for NBFCs may perk up lending, ease liquidity stress

The government has provided additional support of Rs 20,000 crore to the stressed housing finance companies from National Housing Bank (NHB)

Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch

As sales falter, banks tighten lending norms for auto dealers

After SBI, RBI Guv says all banks should link loans, deposits to repo rate

Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt

Banks have turned risk averse, says HDFC chairman Deepak Parekh

One is hopeful that normalcy will be restored soon and by the time the festive season sets in, says Parekh

Fear on D-Street

Tide of bad news has spooked the market

India witnessing a Lehman-like crisis, says Elara Capital's Raj Bhatt

In an interview with Sundar Sethuraman, Bhat says that the government should take steps to address the risk aversion among banks and financial institutions

18 NBFC-MFIs pool Rs 835 cr for securitisation, easing liquidity crisis

The first tranche of the pool, worth Rs 79 crore, has been bought HLF