OIL has received demand notices for the period from FY08 to FY19 amounting to over Rs 48,000 crore including licence fee, penalties and interest, the company said
Stock market came under heavy selling pressure in the last hour of the session on Friday after global rating agency Moody's lowered India's outlook to 'negative' from stable
Moody's said it could change the rating outlook to stable if the private lender adequately provides for its bad assets
Asset quality stress has also increased in the housing finance company
The overall slowdown in the economy plus lending to the now problematic real estate sector will impact the asset quality of the non-banking institutions
Most of the brokerages see pressure on YES Bank's profitability considering deterioration in asset quality and muted loan book growth during Q1FY20.
Stress remains; broader reforms necessary to sustain improvement