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Category: Banking

India’s non-banking housing finance lenders facing liquidity stress: official

NEW DELHI – India’s non-banking housing finance companies are facing liquidity stress, Corporate Affairs Secretary Injeti Srinivas said on Monday. Srinivas said the finance companies need to review their funding model so that they can aim for sustainable growth. A string of defaults at an NBFC, Infrastructure Leasing […]

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Yes Bank sinks on management woes, IL&FS exposure

Uncertainty around the succession plans for Yes Bank Ltd’s chief executive and exposure to debt-laden Infrastructure Leasing and Financial Services (IL&FS) sent the lender’s stock to a four-week low on Friday, a day after it reported a weaker-than-expected quarterly profit. Yes Bank shares plunged 15 percent to 168.60 […]