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IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings – Firstpost

IL&FS GROUP ENTITIES The operations of the IL&FS Group are understood to be conducted through a complex maze of various direct and indirect holding companies, subsidiaries, associate companies as well as unincorporated entities (including where the IL&FS Group has non-controlling stakes), which is further complicated by a multi-layered structure.

Budget outlines reforms to support economy, but lacks plan for fiscal consolidation: fitch ratings. plans to support growth include Rs 100 lakh crore ($1.4 trillion) of infrastructure spending in.

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IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings Business Press Trust of India May 22, 2019 16:56:14 IST New Delhi: 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.

It clearly specified role and responsibilities amid growing worries over an "imminent crisis" in the NBFC sector due to credit squeeze, overleveraging, excessive concentration, massive mismatch between assets and liabilities and misadventures by some large entities like the IL&FS group.

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Besides, he said, the government recently allowed public sector oil marketing companies to raise USD 10 billion through external commercial borrowing (ECB). On Indian economy, he said, the ability of the country to maintain the present growth rate for a decade or two is reasonably certain.

Last month, Fitch Ratings said the debt crisis in IL&FS had adversely impacted the growth of the NBFC sector in India and might lead to its consolidation. Non-banking financial companies (NBFCs) are commonly referred to as the shadow banking sector.

IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings 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.

India’s GDP growth. and the EU may continue downgrading Pakistan, making its financial situation more precarious. There can also be an adverse impact on the outstanding housing credit, which stood.

IL&FS Crisis May Lead to Consolidation in NBFC sector: Fitch Ratings. Non-banking financial companies (NBFCs) are commonly referred to as the shadow banking sector. May 22, 2019, 10:23 pm explore: Business

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