Page 13 - Dhfl

Year in Review: Top 10 corporate events and crises India Inc faced in 2019

From DHFL, PMC and Karvy crises to the suicide of CCD promoter V G Siddhartha and arrest of the Singh brothers, these corporate events and scandals made strong headlines in 2019

Creditors of cash-strapped DHFL claim dues worth Rs 87,905.6 crore

Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore

Top events today: Maharashtra cabinet expansion, DHFL creditors meet & more

The RBI will conduct one more simultaneous bond purchase and sale in the secondary markets, which has come to be known as India's version of operation twist

DHFL administrator calls creditors' meet on Monday to discuss resolution

The meeting on Monday will be attended by all creditors of the company including banks, bondholders, insurance and mutual fund companies

DHFL scam: ED probing money laundering of Rs 4,122 crore EPF corpus

While Rs 4,122 cr was parked with DHFL between March 2017 and Dec 2018, some Rs 2,267 crore is outstanding with the firm, which has been barred by Bombay HC from making fresh repayments

Does IBC work for financial firms?

The economy might be better off with a dedicated legal regime for the resolution of financial service providers and financial market infrastructure

DHFL hits 5% upper circuit amid reports Co may resume lending in few weeks

The report added that the consortium of lenders, led by the State Bank of India, granted the permission to resume lending in October.

IBC implementation to have positive impact on debt market: Sebi chief Tyagi

Amid instances of crises at various entities in the financial sector, Sebi chief Ajay Tyagi on Monday said such things affect trust of investors but that do not mean everything is wrong, and the regulator is taking steps quite quickly. "Whatever improvement is required, we are doing it quite quickly... whatever is in Sebi's domain," Tyagi said and referred to action taken in the case of crisis at Karvy Stock Broking Ltd. When asked whether instances such as crisis at DHFL, IL&FS and KSBL have impacted investors' trust, Tyagi said, "definitely such things affect the trust (of investors) but that does not mean everything is bad or everything is wrong". According to him, whatever was in Sebi's domain, the regulator has done things quite promptly. "Karvy was in our domain. We did very promptly. We are trying to improve on rating agencies side... and on bond market development," he said. On November 22, Sebi barred KSBL from taking new clients in respect of its stock broking activities

Owners of bogus brokerage involved in Rs 4,122 cr DHFL case held in UP

With these two arrests, the number of accuses so far been arrested by the EOW has risen to 14, including three serving or suspended UPPCL officials

UP cooperative bank employees' PF trust invested Rs 21 cr in scam hit DHFL

Adityanath government to take legal action, including filing for claims with liquidator

Money laundering probe: ED files first charge sheet against Iqbal Mirchi

The charge sheet names 16 people including Dheeraj Wadhawan of DHFL

UP cops arrest owners of bogus brokerage involved in Rs 4,122 cr DHFL scam

Total arrests by EOW in the case have risen to 12

DHFL insolvency proceedings: Irdai rules out troubles for two insurers

The two insurance subsidiaries of the crippled mortgage lender Dewan Housing Finance (DHFL) are unlikely to be impacted by the ongoing bankruptcy proceedings of their parent as they continue to have adequate solvency ratios, Irdai chairman SC Khuntia said on Friday. He also asked insurance companies to write off their exposure to the bankrupt DHFL as they did in case of IL&FS. DHFL, admitted for bankruptcy proceedings on December 3, has two insurance joint ventures -- DHFL Pramerica Life Insurance and DHFL General Insurance. DHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential International Insurance Holdings of the US, has Rs 4,675 crore assets under management and employs 3,100. DHFL General Insurance, on the other hand, is a fully-owned subsidiary of Wadhawan Global Capital, the holding company of the HDFL Group, and manages USD 18.6 billion assets through its lending, investment and ...

Fixed deposit holders of debt-laden DHFL asked to submit claims by Dec 17

As of July 6, the company had public deposits worth Rs 6,188 crore

Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020

Note suggests liquidity support, govt guarantee for securities issued by SPVs

NCLT admits insolvency plea moved by RBI against debt-laden DHFL

DHFL is the first financial services firm that will undergo insolvency proceedings at the NCLT

NCLT admits crippled mortgage player DHFL for bankruptcy proceedings

The third largest pure-play mortgage player has been in liquidity crisis for long and on November 20 the RBI had superseded its board and placed under an administrator

Blackstone's India mortgage lender may get out of small-builder business

The RBI seized control of Dewan Housing on Wednesday, stepping up efforts to contain the economic fallout from the nation's shadow banking crisis

In a first, RBI moves NCLT seeking insolvency proceeding against DHFL

An interim moratorium on the assets of the beleaguered company has also commenced following the RBI's application, and will continue till it is accepted or rejected by the NCLT

RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT

DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion