It clearly specified role and responsibilities amid growing worries over an "imminent crisis" in the NBFC sector due to credit squeeze, overleveraging, excessive concentration, massive mismatch between assets and liabilities and misadventures by some large entities like the IL&FS group.

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 · Should redemption requests, in the business judgment of our board of directors, place an undue burden on our liquidity, adversely affect our investment operations or pose a risk of having a material adverse impact on non-redeeming stockholders, then our board of directors may modify or suspend our redemption plan.

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IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings – Firstpost Get all the latest news and updates on Nbfc only on Read all news including political news, current affairs and news headlines online on Nbfc today..

IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: fitch ratings business Press Trust of India May 22, 2019 16:56:14 ist New Delhi: The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking.

Discover Financial Services to Present at Morgan Stanley Financials Conference  · NEW YORK, June 01, 2016 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company") announced today that it will present at the Morgan Stanley Financials Conference to be held in New York City on Tuesday, June 14, 2016. Ronald Pipoly, AmTrust Chief Financial Officer, is scheduled to present at 9:25 AM ET.