The solution is to deepen India's bond markets to free the NBFCs from excessive dependence on banks, and make the occasional failures (IL&FS, DHFL) less traumatic for the banking system

The funding of the deficit is primarily going to be via market borrowing, National Small Savings Funds (NSSF), short term borrowings and drawdown of cash balances

Total financial indebtedness of the listed entity, including short-term and long-term debt and accrued interest, was Rs 20,379.71 crore at the end of December 2020, Reliance Capital said in a regulatory filing

With this, the central government has released a total of Rs 60,000 crore so far to all States and UTs, which amounts to more than 50 per cent of their estimated GST compensation shortfall

With the release of the 9th instalment, the Centre has issued a total GST compensation of Rs 54,000 crore to all states and UTs

Scheme was started by Centre in May under which it decided to link grant of additional borrowing permissions to states undertaking the ease of doing business reforms

A total amount of Rs 48,000 crore has been released so far to all states and UTs to meet the GST compensation shortfall caused by the COVID-19 pandemic

Fresh capital has been gathered to create a war chest of liquidity, fund growth, expansion plans and refinance high-cost debt, while a large amount raised from IPOs went to the shareholders and promoters

India Stock Market Highlights Today: HDFC twins, Reliance Industries were among the top losers and Tata Steel, Titan and Asian Paints were among the top gainers

Dalal Street today: UltraTech Cement followed by Infosys, Sun Pharma, Bajaj Auto PowerGrid, ICICI Bank and IndusInd Bank were among the top gainers in the Sensex pack. On the other hand, ONGC, M&M, Nestle India, Axis Bank and HDFC were among the laggards

Reliance Capital failed to make interest payment of Rs 4.77 crore to HDFC and Rs 71 lakh to Axis Bank as on October 31

Stocks to watch today on November 23: RIL, IRCTC, BEML, Punjab National Bank, Ashok Leyland among others are the top stocks to watch out for in Monday's trading session

India Stock Market News Updates Today: SBI, IndusInd Bank and Kotak Bank were among the top Sensex losers today. On the other hand, HUL, ITC and L&T shares ended in green

Sun Pharma Q2 results: Revenue from operations grew 5.29 per cent to Rs 8,553.13 crore in Q2 FY21, from Rs 8,123.35 crore in the corresponding quarter

The Ministry of Finance, on October 23, had transferred the first tranche of Rs 6,000 crore to 16 States and 3 Union Territories for meeting their GST compensation cess shortfall under a special borrowing window

Mortgage lender Housing Development Finance Corporation (HDFC) on Monday reported a 27.6 per cent fall in net profit after tax at Rs 2,870.1 crore in the second quarter of FY21 as against Rs 3,961.5 crore in the year-ago period

Considering additional expenditure by the government and shortfalls in tax and disinvestment receipts, ratings agency has estimated fiscal deficit to be 9% during the year FY21

States have budgeted their consolidated gross fiscal deficit (GFD) at 2.8 per cent of GDP in 2020-21; however, the coronavirus pandemic may alter budget estimates significantly, says RBI report

The states and UTs that received the first tranche of GST compensation are Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand, Delhi and Jammu and Kashmir

Franklin Templeton MF shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market