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Lakshmi Vilas Bank is the fifth financial firm to collapse in India within the last 30 months

The downfall of Lakshmi Vilas Bank (LVB) was in the making for over a year, and it’s only the mos…

Prabhjote Gill   


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DHFL stock crashes 9.93% in early trade after management raised doubts on its ability to survive

DHFL stock crashed 9.93% in early trade to ₹61 after the company management itself raised doubts in…

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This almost-defaulter saves itself by selling its loans to a foreign investor

DHFL has used this money to pay off its debt. According to reports, the transaction was monitore…

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Yes Bank scam escalates as CBI carries out searches to connect Rana Kapoor to DHFL promoter Kapil Wadhawan

The CBI carried out searches at seven locations on Monday in connection with the Yes Bank scam pert…

PTI   


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India’s central bank is on high alert amid fears of a ₹8.5 billion default by housing finance major

The Reserve Bank of India (RBI) governor Shaktikanta Das today said that the central bank could ste…

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5 mins read

India’s 20 state owned banks get about $5 billion back from a loan written off and they are thrilled

The amount of ₹34,250 crore ($4.61 billion) paid by Piramal will be through a combination of cas…

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Coronavirus outbreak hampers Yes Bank investigation — DHFL’s Wadhawans and Indiabulls’ Gehlaut refuse to appear before ED

The spread of coronavirus has landed people across the globe in a mayhem. But, the adversity has tu…

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DHFL creditors to meet on Monday for discussing resolution

Mumbai, Dec 29 () The Reserve Bank of India-appointed administrator of the crippled Dewan Housing F…

PTI   


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Mutual funds will join DHFL resolution process: Sebi chief

Mumbai, Nov 20 () Sebi Chairman Ajay Tyagi on Wednesday said mutual funds will join the resolution …

PTI   


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Indian pension fund says it won’t lend money to private companies

The credit crunch in the Indian economy is getting more acute by every passing day. The latest…

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Budget 2019: RBI will regulate housing finance companies, tighten hold on NBFCs

"The National Housing Bank (NHB), besides being the refinancer and lender, is also regulator of…

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India's 2019 election is only one of the market's many worries

Markets around the world have been a bit shaken by the American central bank's cautious view of t…

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Oust Vodafone's board for a new one like in IL&FS and DHFL says former finance secretary

Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a…

PTI   


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Yes Bank founder Rana Kapoor arrested by ED on charges of money laundering

The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 a…

PTI   


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Rana Kapoor corruption case: CBI raids 7 locations in Mumbai

The CBI move came after the Enforcement Directorate arrested Kapoor on Sunday morning after ov…

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4 mins read

The three Kapoor sisters who said ‘no’ to banking are now in the dock with Yes Bank crisis

The company founded by his three daughters was charged a vehicle for kickbacks. This is one …

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5 mins read

Yes Bank crisis and its domino effect on bonds, mutual funds and other corporate defaults

The challenges in the face of the Yes Bank crisis are likely to be temporary, since they are a dire…

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3 mins read

Sitharaman hits back at Chidambaram for jibe over Yes Bank crisis

"And here you see them quickly jump to say 'oh no no you don't know what you are doing? You don't …

PTI   


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India Budget 2020: Bank scam victims are assured of ₹5 lakh instead of ₹1 lakh

“A robust mechanism is in place to monitor the health of all banks and the money of deposito…

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3 mins read

IL&FS crisis was red-flagged in 2018 'confidential' note by the DEA

"DEA had raised red signals of the likely collapse of IL&FS and had expressed its deep conce…

PTI