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Dewan Housing Finance Corporation

PNB reports $491 mn Dewan Housing loans as fraud

Finance

10 July, 2020

PNB reports $491 mn Dewan Housing loans as fraud

Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion...

Grapevine: TPG, KKR front runners for Piramal pharma stake; IndusInd in funding talks

General

07 April, 2020

Grapevine: TPG, KKR front runners for Piramal pharma stake; IndusInd in funding talks

US-based private equity giants TPG Capital and KKR & Co. Inc. are running ahead in the race to acquire a ......

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Avanse Financial CEO on growth plan under new majority owner Warburg Pincus

Finance

09 March, 2020

Avanse Financial CEO on growth plan under new majority owner Warburg Pincus

In March 2019, private equity firm Warburg Pincus agreed to acquire an 80% stake in education lender Avanse Financial Services ......

Yes Bank founder Rana Kapoor remanded in police custody on money-laundering charges

Finance

09 March, 2020

Yes Bank founder Rana Kapoor remanded in police custody on money-laundering charges

An Indian court on Sunday remanded the founder and former managing director of crisis-hit Yes Bank Ltd in police custody ......

Bankruptcy law set to face huge test in Dewan Housing case

Finance

22 November, 2019

Bankruptcy law set to face huge test in Dewan Housing case

India’s bankruptcy-resolution process has just begun to find its feet with recent precedent-setting court rulings, but bankers,...

RBI to begin bankruptcy proceedings against Dewan Housing Finance

Finance

20 November, 2019

RBI to begin bankruptcy proceedings against Dewan Housing Finance

The Reserve Bank of India on Wednesday said it will initiate bankruptcy proceedings against shadow lender Dewan Housing Finance...

Govt tweaks bankruptcy rules to help non-bank lenders

Finance

15 November, 2019

Govt tweaks bankruptcy rules to help non-bank lenders

India has amended its insolvency and bankruptcy rules to allow for greater flexibility in resolving problems at troubled non-banking...

 Dewan Housing lenders get temporary relief on $5.6 bn loans

Finance

14 November, 2019

Dewan Housing lenders get temporary relief on $5.6 bn loans

An Indian court on Wednesday allowed banks to recover some dues from shadow lender Dewan Housing Finance Corporation Ltd, granting...

Dewan Housing board approves conversion of debt to equity

Finance

30 August, 2019

Dewan Housing board approves conversion of debt to equity

India’s debt-laden shadow bank Dewan Housing Finance Corp Ltd said on Friday its board had approved the conversion of the...

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How NHB's move to stop subvention schemes may affect developers, lenders and buyers

Infrastructure

23 July, 2019

How NHB's move to stop subvention schemes may affect developers, lenders and buyers

The already troubled real estate sector could be in for more pain after the National Housing Bank (NHB) tightened the ......