PMC Bank scam: No objection if HDIL properties are sold off for recovery of dues, managing director Sarang Wadhawan tells court
Sarang and his father, HDIL promoter Rakesh Wadhawan are currently in judicial custody after the duo were arrested in connection with an alleged scam at PMC Bank.
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.
SBI to roll out co-lending business model with 4-5 NBFCs soon; to help bank meet priority sector lending target
It has been a year since the Reserve Bank of India (RBI) laid out the framework for co-origination of loans by banks and NBFCs in the priority sector
Airfares expected to rise 7-9% this fiscal, highest since 2013; limited capacity additions since Jet Airways was grounded: Crisil
Domestic passengers traffic is expected to grow 6-8% in FY20, as against a healthy 19% growth registered in the year ended March 2019 on account of non-revival of Jet Airways
DHFL resolution plan: Lenders want Kapil Wadhawan to step down as chairman and managing director of cash-strapped firm
The promoter would also be required to pledge a part of their remaining stake to lenders. Promoter group holding in DHFL is 39.21 percent
DHFL reiterated that the company has been facing a liquidity crisis since September 2018, and despite the challenges, it has so far paid back over Rs 41,000 crore
Sensex tanks 500 points as scrapping of Article 370 spooks investors; a reminder why govt shouldn't lose focus on sinking economy
Sensex fell intra-day to over 700 points after the government revoked the controversial Article 370 that gave a special status to J&K
Investment flow into real estate drops 31% to $2.2 bn during January-June driven by liquidity crisis in NBFCs: Anarock
Out of the total $2.2 billion of inflows, commercial real estate attracted the lion's share at 64 percent amounting to over $1.4 billion.
IL&FS default impact: NBFCs, HFCs lending to real estate almost halved in FY'19 to Rs 27,000 cr, says report
The outstanding credit by NBFCs/HFCs to real estate developers increased by more than 3.5 times to about Rs 2,33,000 crore till 2017-18 from Rs 64,000 crore in 2011-12, Nair said.
Arvind Subramanian criticises RBI over regulatory failures, says central bank's reports never mentioned possible IL&FS crisis
The cash-strapped IL&FS group is sitting on a debt of about Rs 94,000 crore.
Bankers want jewellery industry to become more transparent, compliant to regain trust after Nirav Modi, Mehul Choksi scam
Incidents like the Nirav Modi and Gitanjali Gems have broken down the trust level for the gems and jewellery industry.
IL&FS case: SFIO recommends action against guilty auditors, detailed internal investigation by Reserve Bank
SFIO has also recommended a necessary action as per the Companies Act by the current management of IL&FS Financial Services (IFIN)
The big political messaging Modi wants to send to his party colleagues with Sitharaman’s appointment could be that performers will be rewarded in this government
Jet Airways CEO Vinay Dube resigns citing 'personal reasons', third top executive to quit ailing airline in 24 hours
Jet Airways Chief Executive Officer Vinay Dube has resigned with immediate effect, according to a filing in the exchanges. Along with him, Rahul Taneja, chief people officer has also put in his papers, said media reports.
Uday Kotak warns of more liquidity squeeze in next two quarters muddying waters for financial sector again
The next six months are crucial for the financial sector, Uday Kotak, the executive vice-chairman of Kotak Mahindra Bank said, adding the fear this time is the financial sector impacting both itself as well as the real sector.
Jet Airways crisis: SBI-led consortium announces new measures, but keeping a debt-ridden airline floating won't be easy
The financial situation at Jet Airways is precarious and the broader banking sector is facing greater risks with regard to outstanding debt-related to this airline.
Housing market to cool despite government support; liquidity crisis to keep buyers on the sidelines: Poll
Three of 17 respondents said house prices would rise 5 percent or more this year, citing lower interest rates, the recent tax cut and budget incentives to boost housing demand.
GDP growth rate is disappointing; RBI can lower rates further, but it is unlikely to push investment
When the growth numbers for 2016-17 and 2017-18 were scaled up under difficult times like demonetisation and GST, it was hard to reconcile the numbers with the underlying conditions in the market.
NBFC liquidity normalises: Fresh bond sales jump 30% in January, reflects renewed confidence among investors
Amidst the challenging liquidity constraints faced by the sector following the IL&FS bankruptcy, the corporate bond issuances on a monthly basis has seen falling
The liquidity scenario remained in deficit in the third quarter of 2018-19, the survey of 23 banks from public, private, foreign and small finance segments said.