Page 3 - Shadow Banking
Indian shadow banks remain weak as credit crisis continues unabated
Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons
 "Indian shadow banks remain weak as credit crisis continues unabated")
Crisis no hindrance for yield-hungry global financiers to Indian NBFCs
The top-rated non-banking financing companies are able to get loans in the domestic market as well, but they are finding that borrowing costs are often lower overseas
 "Crisis no hindrance for yield-hungry global financiers to Indian NBFCs")
How some financiers are benefiting from India's shadow banking crisis
Many shadow lenders have been effectively shut out of the nation's credit market as the more than 15-month-old banking crisis raises investor wariness about the financiers' ability to refinance debt
 "How some financiers are benefiting from India's shadow banking crisis")
A health check on India's shadow banks shows the crisis is far from over
Troubles began last year when major shadow bank IL&FS Group unexpectedly defaulted, prompting broader shock that made it hard for many companies to refinance debt
 "A health check on India's shadow banks shows the crisis is far from over")
Indian economy on life support, structural reforms need of the hour
What's going on? The Indian economy is facing a perfect storm, beset by a combination of cyclical and structural factors that makes recovery doubly difficult
 "Indian economy on life support, structural reforms need of the hour")
Shadow banking crisis claims another victim; fin stocks a drag on Sensex
Financials have seen sharp erosion in their share prices in wake of the yearlong crisis in India's credit markets
 "Shadow banking crisis claims another victim; fin stocks a drag on Sensex")
Trouble is brewing in the farthest corner of China's shadow banking
The repercussions could be significant if losses on such products fuel a broader retreat from high-yield assets in the world's second-largest economy
 "Trouble is brewing in the farthest corner of China's shadow banking")
Shadow bank woes may continue to haunt stock market after disrupting rally
The S&P BSE Sensex Index posted its third day of losses on Tuesday, ending a surge since the Sept 20 announcement of the tax cuts
 "Shadow bank woes may continue to haunt stock market after disrupting rally")
LIVE: A year after bad-loan crisis, state-appointed IL&FS board takes stock
IL&FS had made a series of defaults in September 2018, triggering widespread concern of a bad debt crisis lurking in India's shadow-banking sector.
 "LIVE: A year after bad-loan crisis, state-appointed IL&FS board takes stock")
Indiabulls seeks early hearing on fraud charges after record share slump
The development represents an effort to get out ahead of recent headlines that contributed to its share price losing an unprecedented 34% slump on Monday. Shares rebounded 5% on Tuesday
 "Indiabulls seeks early hearing on fraud charges after record share slump")
Can a land bank be the solution to India's huge shadow bank crisis?
India's banks are rapidly losing faith in the shadow financiers that lend to property builders
 "Can a land bank be the solution to India's huge shadow bank crisis?")
A bank's race against crisis has served a warning to Indian banking
At more than $200 billion, India's world-beating pile of bad loans is bigger than Italy's
 "A bank's race against crisis has served a warning to Indian banking")
Reserve Bank bans NBFCs from charging loan foreclosure penalties
Foreclosure charges are part of the fee income for any lender and adds to its bottom line
 "Reserve Bank bans NBFCs from charging loan foreclosure penalties")
DHFL says it may not be able to fulfill its immediate debt payments
DHFL had earlier said its creditors would not have to take any haircut on principal payments under its resolution plan.
 "DHFL says it may not be able to fulfill its immediate debt payments")
NBFCs to receive more liquidity support as RBI raises exposure limit
This has been done to increase the credit flow to certain sectors which contribute significantly to economic growth in terms of export and employment
 "NBFCs to receive more liquidity support as RBI raises exposure limit")
Crisis-hit DHFL says working closely with creditors to avoid any haircut
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
 "Crisis-hit DHFL says working closely with creditors to avoid any haircut")
$40 billion in just 7 yrs! India's exotic funds, a time-bomb for investors
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
 "$40 billion in just 7 yrs! India's exotic funds, a time-bomb for investors")
RBI ready to help troubled shadow banks, but stops short of specific steps
Shaktikanta Das told a press conference that the central bank is closely monitoring the NBFC sector
 "RBI ready to help troubled shadow banks, but stops short of specific steps")
New headache for Indian biz titans: Harder to get loans by pledging stakes
If the funding channel keeps drying up, one silver lining could be less damage from margin calls
 "New headache for Indian biz titans: Harder to get loans by pledging stakes")
Explainer: Shadow banking and where it came from
Shadow banking affects not only the property market, but also superannuation, central banking policy
 "Explainer: Shadow banking and where it came from")
