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IL&FS to sell China road asset to Ping An Insurance

Infrastructure

IL&FS to sell China road asset to Ping An Insurance

Infrastructure Leasing & Financial Services Ltd (IL&FS) is selling its stake in a Chinese road ...

NFRA bans former Deloitte partner over IL&FS unit audit

Finance

NFRA bans former Deloitte partner over IL&FS unit audit

India’s National Financial Regulatory Authority (NFRA) on Wednesday imposed a seven-year audit ban...

IL&FS says aims to resolve nearly 60% of debt despite pandemic delays

Finance

IL&FS says aims to resolve nearly 60% of debt despite pandemic delays

India’s Infrastructure Leasing & Financial Services (IL&FS) said on Monday it expected to resolve ...

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Why NBFCs face bigger headache than banks from coronavirus

Finance

Why NBFCs face bigger headache than banks from coronavirus

India’s non-banking finance companies face more pain in coming months as a nationwide lockdown to ...

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Flashback 2019: Bank mergers, NBFC woes, PE deals keep financial sector in spotlight

Finance

Flashback 2019: Bank mergers, NBFC woes, PE deals keep financial sector in spotlight

India’s banking, financial services and insurance sector went through a roller coaster ride in ...

Deloitte failed to meet standards in IL&FS unit audit, says regulator

Finance

Deloitte failed to meet standards in IL&FS unit audit, says regulator

Deloitte Haskins and Sells LLP (DHS) failed to meet auditing standards when it vetted the books of ...

Why the govt's lending push could come back to bite the banking sector

Finance

Why the govt's lending push could come back to bite the banking sector

Deen Dyal, who runs a tea stall on the outskirts of New Delhi, was beaming when he walked out of a ...

Govt tweaks bankruptcy rules to help non-bank lenders

Finance

Govt tweaks bankruptcy rules to help non-bank lenders

India has amended its insolvency and bankruptcy rules to allow for greater flexibility in resolving ...

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IL&FS gets one offer for back-office arm, seeks more bids

Finance

IL&FS gets one offer for back-office arm, seeks more bids

Infrastructure Leasing & Financial Services Ltd (IL&FS) has received one offer for its stake in a ...

Banks' stressed assets pile eases aided by $30 bn in write-offs

Finance

Banks' stressed assets pile eases aided by $30 bn in write-offs

Indian banks wrote off more than $30 billion worth of bad debt in the year to June 30, helping to ...