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This almost-defaulter saves itself by selling its loans to a foreign investor
DHFL has used this money to pay off its debt. According to reports, the transaction was monitore…
DHFL stock crashes 9.93% in early trade after management raised doubts on its ability to survive
DHFL stock crashed 9.93% in early trade to ₹61 after the company management itself raised doubts in…
India’s central bank is on high alert amid fears of a ₹8.5 billion default by housing finance major
The Reserve Bank of India (RBI) governor Shaktikanta Das today said that the central bank could ste…
India’s 20 state owned banks get about $5 billion back from a loan written off and they are thrilled
The amount of ₹34,250 crore ($4.61 billion) paid by Piramal will be through a combination of cas…
DHFL creditors to meet on Monday for discussing resolution
Mumbai, Dec 29 () The Reserve Bank of India-appointed administrator of the crippled Dewan Housing F…
PTI
Mutual funds will join DHFL resolution process: Sebi chief
Mumbai, Nov 20 () Sebi Chairman Ajay Tyagi on Wednesday said mutual funds will join the resolution …
PTI
India’s main financial regulators and its largest bank are trying to calm investors amid fears of a liquidity crisis
It’s not everyday that a country’s financial watchdogs have to step in to reassure investors th…
Indian pension fund says it won’t lend money to private companies
The credit crunch in the Indian economy is getting more acute by every passing day. The latest…
Budget 2019: RBI will regulate housing finance companies, tighten hold on NBFCs
"The National Housing Bank (NHB), besides being the refinancer and lender, is also regulator of…
Oust Vodafone's board for a new one like in IL&FS and DHFL says former finance secretary
Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a…
PTI
Yes Bank crisis and its domino effect on bonds, mutual funds and other corporate defaults
The challenges in the face of the Yes Bank crisis are likely to be temporary, since they are a dire…
Govt proposes guarantee on debt to tide over liquidity challenge in NBFC, HFC sector
New Delhi, Feb 1 () The government has proposed to provide credit guarantee for the NBFC sector tha…
PTI
IL&FS crisis was red-flagged in 2018 'confidential' note by the DEA
"DEA had raised red signals of the likely collapse of IL&FS and had expressed its deep conce…
PTI
10 financial scams that shook India: A dive into deception
From Ponzi schemes to bank frauds, the Indian government and investors have fallen victim to many f…
Economic Survey unveils Health Score to detect early-warning signals in NBFCs
New Delhi, Jan 31 () The Economic Survey on Friday unveiled an early-warning system, 'Health Score'…
PTI
Google-Vodafone Idea deal – all the banks and mutual funds that are waiting for it to happen
The debt-laden Vodafone Idea had borrowings of ₹1,18,575 crore as of March 31, 2019. Of these, i…
Sebi seeks explanation from former CARE Rating chairman, MD for interference in ratings
Now, the regulator is considering to increase penalty on rating agencies in connection with lapses…
PTI
Anil Ambani’s woes get compounded with a series of downgrades for three Reliance Group subsidiaries
The debt instruments of Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL) ha…
India has given us the strongest results globally: Blackstone chairman
"India's education sector is doing well, producing seven times more engineers than the US does ann…
PTI
Moratorium on Yes Bank to go soon; govt approves bailout plan
"The Board of Directors of Axis Bank Ltd at its meeting held today has accorded approval to invest…