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DHFL shares fall nearly 5% after RBI files application to initiate insolvency resolution process
Fp Staff •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
Fp Staff •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
Liquidity pressures faced by non-banking financial sector to continue amid weaker economic growth
•Indian finance and leasing companies are likely to grow at a slower pace in 2020 than in prior years, amid weaker economic growth and liquidity constraints, it said.
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•The Reserve Bank on Wednesday superseded the board of the troubled Dewan Housing Finance Corporation (DHFL) due to governance concerns and defaults on various debt instruments
Daily Bulletin: Postpaid mobile services in J&K to resume from 12 pm today; Nirmala Sitharaman to meet CEOs of public sector banks today; day's top stories
Fp Staff •Here are today's top stories: Postpaid mobile services in Jammu and Kashmir to resume from today, internet only at tourist spots; Haryana Assembly elections 2019: Narendra Modi, Rahul Gandhi to campaign for upcoming polls; and more
Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks today; to review fund flow to NBFC, MSME sectors
•NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year
Finance minister Nirmala Sitharaman to meet CEOs of public sector banks on 14 October
•The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said
Compulsory physical settlement blow to retail traders, aquaculture stocks down; read all this and more on Moneycontrol Pro
Moneycontrol •Physical settlement in derivatives has been made compulsory for retail traders by market regulator SEBI.
Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed
•CREDAI's national chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact.
NHB's move to ban subvention scheme 'impulsive', must be withdrawn: Realtors' body CREDAI
•The National Housing Bank's (NHB) decision to ban lending by housing finance companies under subvention scheme was "impulsive" and should be rolled back to boost sales, realtors' body CREDAI Chairman Jaxay Shah said here on Wednesday