The ongoing shortage of finance in the banking system and the non-banking financial companies (NBFCs) is impacting the growth of the renewable energy sector by impeding credit flow for projects,Continue Reading
Since September 2018, India’s Non-Bank Financial Companies (NBFC) have been in a crisis after Infrastructure Leasing, and Financial Services (IL&FS) admitted to defaulting on several payments to its creditors, consequentlyContinue Reading
Non-banking financial company (NBFC) Northern Arc Capital has raised Rs 200 crore from the Dutch development bank FMO through an issuance of rupee-denominated non-convertible debentures (NCDs). The NCDs, issued inContinue Reading
The NBFC arm of Aditya Birla Capital, Aditya Birla Finance (ABFL) has received a seven-year long-term loan of Rs 1,000 crore from International Finance Corporation (IFC). The proceeds will beContinue Reading
The Indian Renewable Energy Development Agency (IREDA)’s gross non-performing assets (NPAs) rose to 6.01 percent of its total assets in the financial year (FY) 2016-17. The net NPAs of IREDAContinue Reading
