NSE said that due to the recent development in Yes Bank, it has been decided that no fresh or renewal of bank guarantees and fixed deposit receipts issued by Yes Bank limited shall be accepted.
Shares of Dewan Housing Finance Corporation Ltd on Tuesday shot up 5 percent to hit upper price band after more than two dozen entities put in bids to takeover the debt-laden firm
Adani, KKR, Bain Capital, Piramal, Kotak, among two dozen bids for DHFL; around 14 entities keen to take over entire operations
Most banks led by the State Bank have declared DHFL account as an NPA in the third quarter.
The agency found that the loans were diverted between 2011 and 2016 and the 79 companies were allegedly associated with the promoters of DHFL
DHFL chief Kapil Wadhawan siphoned off over Rs 2,100 cr from HFC to 5 shell companies flouting norms: ED
It is alleged by the agency that Kapil "diverted" funds from DHFL to shell companies and later these dubious companies got amalgamated with Sunblink Real Estate to "cover" alleged diversion of loans acquired from DHFL.
Indian Bank Q3 profit jumps 62% to Rs 247 cr on reduction in bad loans; results very much in line with expectations, says CEO Padmaja Chunduru
Indian Bank's net NPAs as a percentage of assets reduced to 3.5% during October-December 2019-20 from 4.42% in the year-ago period.
DHFL set to restart lending operations soon, company gets creditors' panel nod to lend Rs 500 cr per month
The RBI-appointed administrator of beleaguered DHFL admitted close to Rs 4,800 crore of claims submitted by fixed deposit holders of the company.
The move came in after the Reserve Bank last Friday referred DHFL to the NCLT Mumbai to resolve the debt crisis at the third largest pure-play mortgage player, which owes close to Rs 1 lakh crore to the system
Shares of Dewan Housing Finance Corporation on Monday fell nearly 5 percent to hit lower price band after the RBI filed an application to initiate the insolvency resolution process against the company
The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the bankruptcy tribunal, making it the first NBFC/HFC to be resolved under the insolvency and bankruptcy code
DHFL crisis: Govt orders SFIO probe into financial fraud charges against debt-laden mortgage lender, 5 other real estate firms
The debt-ridden DHFL came under the scanner in the wake of allegations that the company had siphoned off Rs 31,000 crore worth bank loans through layers of shell entities.
Bank credit growth lowest since October 2017, supply-demand situation may normalise by June 2020; all this and more on Moneycontrol Pro
Non-food credit, or bank loans other than to the Food Corporation of India for their crop procurement operations, is now growing at its slowest pace in two years.
DHFL shares tumbled up to 5 percent on Monday after the company said it will not be able to declare financial results on the scheduled date
DHFL crisis: RBI appoints 3-member advisory panel to advise administrator of troubled mortgage lender
The Reserve Bank on Friday constituted a three-member panel to advise the administrator of DHFL, ahead of formally moving for resolution of the troubled mortgage lender under the insolvency law
DHFL lessons for shadow banks: Turning blind eye to risk management for quick growth makes profit-hungry NBFCs vulnerable
CRISIL downgraded DHFL commercial paper worth Rs 850 crore too on account of the weak liquidity condition of the company.
DHFL insolvency a test case for IBC, Subhash Chandra no longer majority shareholder in Zee; all this and more on Moneycontrol Pro
DHFL will be the first NBFC to be referred to the NCLT by the banking regulator.
RBI supersedes DHFL Board on governance concerns, payment defaults; will initiate bankruptcy process
The Reserve Bank on Wednesday superseded the board of the troubled Dewan Housing Finance Corporation (DHFL) due to governance concerns and defaults on various debt instruments
Is it right solution to bring NBFCs under IBC, Ashok Leyland posts weak Q2 results; read this and more on Moneycontrol Pro
Despite adequate liquidity in the banking system, many NBFCs are finding it difficult to raise money because no one trusts their balance sheets.
DHFL crisis: Stopped payment to creditors following court orders, company has sufficient liquidity to pay fixed deposit holders, says firm
Despite liquidity crisis being faced by the company for over 13 months now, DHFL has repaid around Rs 44,000 crore towards its debt obligations, it added.
The government has ordered an SFIO probe into alleged financial irregularities at mortgage lender DHFL after finding instances of suspected fund diversions, according to a source