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Why India's $86-bn bank rescue effort isn't enough to ease the distress

Finance

02 August, 2019

Why India's $86-bn bank rescue effort isn't enough to ease the distress

It may not be quite a bottomless pit but the Indian government’s repeated injections of funds into the nation’s state-owned ......

Dewan Housing auditors raise red flags around quarterly results

Finance

23 July, 2019

Dewan Housing auditors raise red flags around quarterly results

India’s Dewan Housing Finance Corp Ltd (DHFL) filed its long-delayed audited results for the quarter ended March 31 late on ......

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In charts: The big Indian business houses that have virtually crumbled

Finance

18 July, 2019

In charts: The big Indian business houses that have virtually crumbled

For the past several months, Dewan Housing Finance Corp Ltd has been struggling to survive. The Kapil Wadhawan-led company reported ......

Dewan Housing lenders may accept limited haircuts to finalise rescue package

Finance

16 July, 2019

Dewan Housing lenders may accept limited haircuts to finalise rescue package

Lenders to India’s Dewan Housing Finance Ltd (DHFL) are prepared to accept limited haircuts as part of a debt restructuring ......

Sensex, Nifty end higher as Infosys jumps to record

Markets

15 July, 2019

Sensex, Nifty end higher as Infosys jumps to record

Indian shares settled higher on Monday, as IT giant Infosys Ltd surged to an all-time high on the back of ......

Dewan Housing Finance says facing substantial stress, may not survive

Finance

15 July, 2019

Dewan Housing Finance says facing substantial stress, may not survive

One of India’s biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL), warned on Saturday that its financial situation ......

Budget 2019: RBI to get more powers; NBFCs receive a lifeline

Finance

05 July, 2019

Budget 2019: RBI to get more powers; NBFCs receive a lifeline

The government will give greater power to the central bank to regulate mortgage lenders and non-banking financial companies, as it ......

SEBI tightens credit rating norms after defaults, downgrades

Finance

14 June, 2019

SEBI tightens credit rating norms after defaults, downgrades

India’s market regulator on Thursday ordered enhanced disclosure norms for credit rating agencies in an effort to increase transparency as ......

DHFL completes Aadhar Housing sale to Blackstone, pays some dues

Finance

11 June, 2019

DHFL completes Aadhar Housing sale to Blackstone, pays some dues

Indian mortgage lender Dewan Housing Finance Corp Ltd (DHFL) said it has paid the interest and principal on certain debt ......

RBI to monitor NBFCs more closely, says governor Shaktikanta Das

Finance

10 June, 2019

RBI to monitor NBFCs more closely, says governor Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das said the central bank would closely monitor the health of non-banking financial companies ......