RBI tweaks exposure framework for banks, introduces economic inter-dependence criteria The Reserve Bank of India (RBI) has made changes in guidelines on large exposures framework for banks to reduce the concentration of risk and align them with global norms. The…
Anil Ambani urges life support for debt-ridden NBFCs
Reliance group chairman Anil Ambani talked about the full-blown crisis faced by Reliance Capital. He thinks the contagion and cascading effects on the economy are clearly visible.
2019: The year that separates the Men from the Boys
The NBFC sector starts the year on a fragile note, with a crisis of confidence and liquidity impacting growth and profitability. Only those firms with strong balance sheets and sound business models will prevail Uday Kotak, Executive Vice Chairman and…