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3 mins read
DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever
The CBI also explains that the Wadhawans had allegedly created lakhs of fake borrowers by randomly …
2 mins read
Bank unions call for forensic audit of UTI AMC's ₹2,000 crore exposure in DHFL
The staffers' groups are: the Mumbai-based All India UTI-AMC Officers' Association (AIUTI-AMCOA)…
1 min read
ED issues notice to Pune businessman in Yes Bank-DHFL fraud case
In 2018, Bhosale had received around Rs 68.82 crore from DHFL and called it consultancy charges. Th…
1 min read
BSE and NSE suspend trading in shares of Dewan Housing Finance Corporation Ltd (DHFL) from Monday
The development follows the approval of the resolution plan of Piramal Capital & Housing Fin…
2 mins read
Fraudulent transactions of ₹6,182 crore in DHFL unearthed
Accordingly, the Administrator of the Company received an initial report from the professional…
1 min read
RBI approves takeover of DHFL by Piramal Group
The Reserve Bank of India (RBI) has approved the takeover of Dewan Housing Finance Corporation Ltd …
1 min read
Piramal wins the race to acquire DHFL — lenders approve ₹37,250 crore bid
The total offer of Piramal was ₹37,250 crore, compared to ₹38,400 crore offered by Oaktree. …
2 mins read
DHFL resolution: Oaktree cries foul, says persistent campaign to discredit its bid
Oaktree has told the Committee of Creditors (CoC) of Dewan Housing Finance Ltd (DHFL) that there ha…
2 mins read
Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over ₹60,000 crore write-off
DHFL was the first finance company to be referred to NCLT by the RBI using special powers unde…
PTI
2 mins read
Karnataka Bank reports ₹285 crore fraud in four loan accounts
Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs …
PTI
2 mins read
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…
1 min read
DHFL stock zooms to upper circuit as buyers like Pirmal and Adani line up to acquire it
On the NSE, the stock rose 4.59 per cent to Rs 10.25 a unit. Its shares hit the upper price …
PTI
2 mins read
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…
1 min read
Wadhawans lose control of DHFL after RBI dissolves the board after multiple defaults
The Reserve Bank on Wednesday superseded the board of the troubled Dewan Housing Finance Corpora…
PTI
1 min read
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…
2 mins read
NBFCs' asset base scales past Rs 54 lakh crore: MoS Finance
The asset base of non-banking financial companies has scaled past Rs 54 lakh crore as of March 2022…
PTI
1 min read
DHFL sets record as India's housing finance company to go bankrupt
The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the ba…
PTI
2 mins read
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…
3 mins read
Home Loans Grow Up To 23% In Q1
"The growth has primarily come from Karnataka and other non-south branches," Srinivas Acharya, MD, …
2 mins read
Home Buyers May Soon Get 90% Loan In India
The measure helps mitigate default risk. This can also prove financially viable when they securitis…