Dhfl

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Dhfl - Total results - 147
No F&O contracts for Yes Bank from 29 May; NSE not to accept fresh bank guarantees by lender
Business

No F&O contracts for Yes Bank from 29 May; NSE not to accept fresh bank guarantees by lender

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.

DHFL stock rises 5% to hit upper circuit as over two dozens entities interested in takeover
Business

DHFL stock rises 5% to hit upper circuit as over two dozens entities interested in takeover

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

DHFL diverted Rs 12,773 cr to 79 companies via 1 lakh fictitious retail customers as loans, says ED
Business

DHFL diverted Rs 12,773 cr to 79 companies via 1 lakh fictitious retail customers as loans, says ED

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
Business

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
Business

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
Business

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.

DHFL shares fall nearly 5% after NCLT admits RBI's petition to initiate insolvency proceedings
Business

DHFL shares fall nearly 5% after NCLT admits RBI's petition to initiate insolvency proceedings

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

DHFL shares fall nearly 5% after RBI files application to initiate insolvency resolution process
Business

DHFL shares fall nearly 5% after RBI files application to initiate insolvency resolution process

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

RBI refers DHFL to bankruptcy tribunal for resolution of company's Rs 83,873 cr debt
Business

RBI refers DHFL to bankruptcy tribunal for resolution of company's Rs 83,873 cr debt

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
Business

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
Business

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 falls up to 5% as company defers release of financial results
Business

DHFL shares falls up to 5% as company defers release of financial results

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
Business

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
Business

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.

RBI supersedes DHFL Board on governance concerns, payment defaults; will initiate bankruptcy process
Business

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
Business

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
Business

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.

Govt orders SFIO probe against crisis-hit DHFL after finding instances of suspected fund diversions
Business

Govt orders SFIO probe against crisis-hit DHFL after finding instances of suspected fund diversions

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