Banks credit exposure to non-banking financial companies (NBFCs) increased by 23.6% YoY to Rs 13.8 lakh crore in July, accounting for 9.3% of their overall share, according to ratings agency Care Edge. The growth in bank credit to NBFCs has been consistent since the second half of FY22, coinciding with the reopening of the economy after the pandemic. However, NBFCs overall borrowings declined by 3.3% MoM due to the merger of HDFC with its subsidiary HDFC Bank.
Life Insurance Corporation (LIC) outstanding debt exposure in Adani Group of companies declined from Rs 6,347 crore at the end of 2022 to Rs 6,183 crore on Ma
in correction territory, off 10% from the all-time highs and if you look at the sector level, energy is the only sector that s higher so far this year. and that really complicated matters for the federal reserve. they re set to lift interest rates next week, and they started a hiking campaign with the s&p 500 in that correction territory. so goldman sachs became the first major wall street bank to pull out of russia, america s largest bank, j.p. morgan chase will doing the same, give us a real sense as to what that means for the russian economy, of banks like that, pulling out, and do we think others will follow suit? i would say that symbolically, it s huge. i mean we re talking about two of the largest u.s. banks here, and their direct exposure to russia is relatively small. for goldman, $650 million in direct credit exposure, for j.p. morgan, russia doesn t rank in the top 20 money exposures but you have citigroup assessing what they will do next, so this could be the start of a