IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings – Firstpost

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IL&FS Crisis May Lead to Consolidation in NBFC sector: Fitch Ratings. Non-banking financial companies (NBFCs) are commonly referred to as the shadow banking sector. May 22, 2019, 10:23 pm explore: Business

Domestic car sales were down 24.97 per cent to 1,39,628 units as against 1,83,885 units in June 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on.

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Fitch raises India’s GDP forecast to 7.8% from 7.4% for FY19 In its Global Economic Outlook Fitch Ratings upped India’s growth forecast for the current fiscal to 7.8 per cent, from 7.4 per cent projected earlier. It flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth. 7.

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