{"id":1080,"date":"2019-10-25T07:25:48","date_gmt":"2019-10-25T07:25:48","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/10\/25\/kkr-india-credit-head-quits-amid-debt-market-crisis\/"},"modified":"2019-10-25T07:25:48","modified_gmt":"2019-10-25T07:25:48","slug":"kkr-india-credit-head-quits-amid-debt-market-crisis","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/10\/25\/kkr-india-credit-head-quits-amid-debt-market-crisis\/","title":{"rendered":"KKR India credit head quits amid debt market crisis"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1745622\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/10\/cats-985.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/10\/cats-985.jpg 660w, https:\/\/images.financialexpress.com\/2019\/10\/cats-985-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/10\/cats-985-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/10\/cats-985-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1745622\" src=\"https:\/\/images.financialexpress.com\/2019\/10\/cats-985.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/10\/cats-985.jpg 660w, https:\/\/images.financialexpress.com\/2019\/10\/cats-985-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/10\/cats-985-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/10\/cats-985-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">More than half of the financing unit\u2019s loan book of Rs 5,900 crore is in moratorium, Crisil said earlier this month while downgrading KKR\u2019s long-term debt by a notch to AA.<\/span><\/figure>\n<\/div>\n<p>The chief executive officer of KKR India Financial Services (KIFSPL), BV Krishnan, has moved on from the non-banking financial services arm of KKR India. A chartered accountant and former Citigroup banker, Krishnan joined KKR in 2009.<\/p>\n<p>The non-banking arm of KKR India handles alternative credit products and alternative investment funds. Krishnan was also a member of the India corporate credit investment committee, India real estate credit investment committee and their respective portfolio management committees.<\/p>\n<p>Confirming his departure from the company, a KKR spokesperson said, \u201cBV Krishnan has played an important role in helping us build a great franchise, and we wish him the best in his future endeavours. Looking ahead, KKR remains committed to the Indian market for the long term and we continue to recognise the important role KIFSPL plays in supporting the local economy\u201d. KIFSPL has been supporting home grown businesses by providing flexible credit for business growth.<\/p>\n<p>India\u2019s NBFC sector has been reeling under a lot of stress post the fall of IL&amp;FS last year, followed by defaults reported by Dewan Housing Finance Company (DHFL) and the most recent Altico Capital India. More than half of the financing unit\u2019s loan book of Rs 5,900 crore is in moratorium, Crisil said earlier this month while downgrading KKR\u2019s long-term debt by a notch to AA.<\/p>\n<p>Incorporated as a private limited company in 1995, KIFSPL is registered with the Reserve Bank of India as non-deposit taking NBFC.<\/p>\n<p>However, it is a systemically important NBFC as defined in \u2018Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015\u2019, issued by the Reserve Bank of India.<\/p>\n<div class=\"common-bottom-text\">\n<p>For latest coverage on <a href=\"https:\/\/www.financialexpress.com\/elections\/maharashtra-election-constituencies-list\/\" target=\"_blank\" rel=\"noopener noreferrer\">Maharashtra Assembly Election 2019<\/a> and <a href=\"https:\/\/www.financialexpress.com\/elections\/haryana-election-constituencies-list\/\" target=\"_blank\" rel=\"noopener noreferrer\">Haryana Assembly Election 2019<\/a>, log on to <a href=\"https:\/\/www.financialexpress.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">financialexpress.com<\/a>. We bring you full coverage of <a href=\"https:\/\/www.financialexpress.com\/elections\/\" target=\"_blank\" rel=\"noopener noreferrer\">Assembly Election 2019<\/a> on Financial Express, stay tuned for latest election updates. <\/p>\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] More than half of the financing unit\u2019s loan book of Rs 5,900 crore is in moratorium, Crisil said earlier this month while downgrading KKR\u2019s long-term debt by a notch to AA. The chief executive officer of KKR India Financial Services (KIFSPL), BV Krishnan, has moved on from the non-banking financial services arm of KKR [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-1080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1080"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1081"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}