IL&FS crisis may lead to consolidation in NBFC sector: Fitch Ratings

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Closer home, rating agencies fitch ratings. agencies and those of IL&FS, which was taken to NCLT after having failed to repay debt obligations beginning september 2018. The crisis has jolted the.

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. Non-banking financial companies (NBFCs) are commonly referred to as the shadow banking sector

The cash-strapped IL&FS group is sitting on a debt of about Rs 94,000 crore. Image Credit: Wikipedia The debt crisis in IL&FS has adversely impacted the growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings

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.

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“The way things are unfolding, there is certainly cause for concern and the sector could see consolidation. The NBFC loan books have grown at nearly twice the pace of banks, and the cream of them,

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.

IL&FS crisis may lead to consolidation in NBFC sector: Fitch Ratings May 22, 2019 economycult The report comes against the backdrop of the Reserve Bank of India’s decision to create a specialised cadre to supervise and regulate the financial sector, including banks and NBFCs

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The BJP’s "apparent landslide victory" is likely to improve business sentiment and outlook for private investment, Fitch Ratings said Thursday. It said that from a credit rating perspective, Fitch.

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Fitch Ratings. IL&FS crisis may lead to consolidation in NBFC sector: Fitch Ratings. livemint.com – PTI. 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.