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Cash-strapped DHFL says it may not be able to meet repayment obligations due in immediate future
Fp Staff •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
NHB's move to ban subvention scheme 'impulsive', must be withdrawn: Realtors' body CREDAI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
Indiabulls Housing Finance shares plunge over 10% on alleged embezzlement of funds
•Shares of Indiabulls Housing Finance plunged over 10 percent on Monday amid allegations of embezzlement of more than Rs 1 lakh crore from National Housing Bank (NHB)
Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house
•Nirmala Sitharaman raised tax deduction limit to Rs 3.5 lakh on interest paid on housing loan for the purchase of first home worth up to Rs 45 lakh.
National Housing Bank's new norms to structurally strengthen home finance firms: Report
•In the revised guidelines, the National Housing Bank has asked HFCs to increase the core capital adequacy to 10 percent from 6 percent
Amid liquidity woes, DHFL curbs premature withdrawals, stops accepting fresh deposits; shares down 9.85%
•Cash-starved Dewan Housing Finance Corporation Ltd (DHFL) has decided to restrict premature withdrawal of deposits and stop accepting fresh deposits as part of reorganising its "liability management" efforts, sources said
Daily Bulletin: Narendra Modi, NDA leaders to converge for Varanasi roadshow; AAP to release election manifesto; day's top stories
Fp Staff •Today's top stories: PM Narendra Modi and several other NDA leaders will be in mega roadshow across Varanasi; AAP will release its election manifesto; two militants were killed in Anantnag by security forces; and more.
Reserve Bank of India sells entire stake in National Housing Bank, Nabard to govt for Rs 1,470 cr
•Based on the second Narasimham committee recommendations, the Reserve Bank of India had proposed to transfer its ownership in SBI, NHB and Nabard to the government in October 2001.
Online portal alleges Rs 31,000 cr fund diversion by DHFL; lenders of NBFC say precautions taken while advancing loans
Fp Staff •Shares of DHFL fell by over 6 percent on Wednesday following the allegation by online portal Cobrapost.
Why reverse mortgage isn’t catching the imagination of India's elders despite income tax exemptions
Muralidharan •Reverse mortgage was introduced in India by Budget 2007-8 with National Housing Bank (NHB) assigned the role of the pivot