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1 min read
Wadhawans lose control of DHFL after RBI dissolves the board after multiple defaults
The Reserve Bank on Wednesday superseded the board of the troubled Dewan Housing Finance Corpora…
PTI
2 mins read
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…
1 min read
DHFL postpones release of financial results; new date to be announced later
Mumbai, Nov 22 () Crippled mortgage lender DHFL, whose management has been taken over by the RBI, o…
PTI
2 mins read
Home Buyers May Soon Get 90% Loan In India
The measure helps mitigate default risk. This can also prove financially viable when they securitis…
Economic Times
2 mins read
Karnataka Bank reports ₹285 crore fraud in four loan accounts
Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs …
PTI
1 min read
DHFL fails to repay ₹50 crore on secured non-convertible debentures – blames moratorium restrictions for non-payment
"It may please be noted that the company is currently under moratorium pursuant to Section 14 of…
2 mins read
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
2 mins read
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…
2 mins read
Top stocks to watch— Tata Group, Future Enterprises, RIL, Central Bank of India, DHFL, CARE Ratings and others
Amid the mixed cues from the global market, the Indian stock market is likely to open on a muted no…
2 mins read
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
6 mins read
Rana Kapoor's hotels, bungalows, flats and paintings — everything that Yes Bank founder is suspected for buying with kickbacks
Yes Bank founder Rana Kapoor shunned the family jewellery businesses to break into the tough world …
2 mins read
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…
1 min read
SBI Life Q3 profit up 47 pc at Rs 390 crore
New Delhi, Jan 22 () SBI Life Insurance on Wednesday reported a 47.4 per cent growth in profit afte…
PTI
2 mins read
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…
3 mins read
With Kapil Wadhawan’s arrest, the family is now accused of scams worth over a billion dollars
But this isn’t the first case to blow the Wadhawan, who were once the limelight of all the glitt…