Bandhan Bank’s flagship microfinance went through a lot of setbacks because of demonstration and the humbling experience with large corporate exposures, but they managed to overcome all the obstacles. The…
New Delhi, July 4 (IANS) Coercive tactics were used aggressively by the erstwhile rogue management of embattled IL&FS group as reported by IANS recently. At the vanguard of this malaise…
State owned lender-Punjab National Bank (PNB) is selling its stake in its housing finance arm, PNB Housing Finance to global private equity company General Atlantic and Varde Partners, bank said…
To address the on going liquidity tightness in the financial and banking system, ahead of the ending fiscal year and the upcoming General Election 2019 the Reserve Bank of India…
DHFL or Dewan Housing Finance Corporation reported a discount of over 20% in the afternoon today to trade for ₹205 on BSE. Moreover, the share price closed by -18.52% at…
Reserve Bank of India advised Non-Banking Finance Companies (NBFCs) to induce more equity and long-term debt in the post-policy interaction with the press. This will reduce its dependency on short-term…
The Ministry of Corporate Affairs is all set to recover IL&FS crisis by changing the board and management of the company. National Company Law’s Mumbai bench on Monday announced names…
Life Insurance Corp (LIC), Japanese based-Orix Corp and State Bank of India on Saturday have offered to subscribe ₹4,500 crore rights issue in IL&FS. LIC has been the largest shareholder…
IL&FS crisis may become the reason behind license cancellation of 1500 non-banking financial institutions (NBFC) The credit and liquidity risk hovering over the market from past the week have forced…
Cash-starved IL&FS financial services on Thursday announced a fresh debt obligation of ₹395.46 crore could not be serviced. The debt constitutes of payments from banks, term deposits and short-term deposits.…
