Mounting debt failures in India have been catching rating companies off guard, underscoring continued challenges a year after the landmark failure of shadow bank IL&FS increased scrutiny of the industry…. Read more »
MUMBAI: Nonbank lender Altico Capital’s bond investors, including Flipkart cofounder Sachin Bansal and Reliance Mutual Fund, face immediate defaults on two series of outstanding debt coming up for repayment in… Read more »
NEW DELHI: Crisis-ridden non-banking financial company DHFL on Thursday reported a fresh case of default amounting to Rs 196.65 crore on bond repayment obligation. Another NBFC Altico also said it… Read more »