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NBFC crisis: Record Rs 1.1 lakh crore loans due over 90days

Thursday, June 20, 2019, 9:46 AM

Facing a record amount of debt that's about to mature, non-bank financing companies (NBFCs) are finding their troubles worsening as a crisis of credibility starts to bite. The shadow lenders, which have been under increased strain after the collapse of IL&FS Group last year, have a record Rs 1.1 lakh crore of local-currency bonds due next quarter, according to data compiled by Bloomberg.
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IL&FS puts renewable energy arms on the block

Wednesday, November 28, 2018, 7:52 PM

Cash-strapped Infrastructure Leasing & Financial Services (IL&FS) Group on Wednesday said it had initiated a process to sell its stake in the renewal energy business. The renewable assets of the group include operating wind power plants with an aggregate capacity of 873.5 megawatt (MW), and under-construction wind power plants worth 104-MW capacity. IL&FS Group has a debt of over Rs 94,200 crore.
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Tripura government set to buy IL&FS shares in Palatana project

Saturday, November 10, 2018, 7:22 PM

The Tripura government will soon start dialogue for p