IIFL Finance share price: IFL Finance shares recovered today as they rose over 8 per cent after falling 35 per cent in the last two sessions following the Reserve Bank of India's decision to stop the company from issuing gold loans. This comes after IIFL Finance said that Canadian billionaire Prem Watsa-backed Fairfax India Holdings Corporation agreed to provide $200 …
CARE Ratings on Tuesday revised its rating of private lender YES Bank's debt instrument. The credit rating agency upgraded YES Bank's infrastructure bonds rating to 'CARE BBB' from previous 'CARE B'. "The revision in the ratings assigned to the debt instruments of Yes Bank Limited factors in the improvement in the credit profile of the bank post the implementation of …
The size of the Atmanirbhar Bharat package announced by Prime Minister Narendra Modi in May was estimated to be about ₹20 trillion, or nearly 10% of gross domestic product. Thus, the actual payout from the Centre’s treasury, or the fiscal resources that would flow out, would only occur in cases of delinquency on these loans, which were presumably at least …
NEW DELHI: The finance ministry on Wednesday said state-owned banks have approved purchase of bonds and commercial papers worth ₹14,667 crore issued by 67 non-banking financial companies, under the Partial Credit Guarantee Scheme. "As of 10 July, 2020, under the extended PCGS, PSBs have approved for purchase bonds/commercial papers issued by 67 NBFCs amounting to ₹14,667 crore, of which ₹6,845 …