Page 14 - Dhfl

MFs unlikely to get priority in DHFL refund, haircut imminent: Experts

Experts are also of the view that the fund houses would have to take a haircut, much against their wish of incurring any such paring down of their refunds

DHFL pushes back release of Q2 results; new date to be announced later

"The administrator and the advisory committee will require some time to formulate the working modalities," DHFL stated

Centre orders SFIO probe into debt-laden DHFL, 5 other real estate firms

Investigation report has not gone into the involvement of banks and officials

DHFL lenders to make provisions from Dec quarter as auditor checks company

Banks have an exposure of Rs 38,000 crore in DHFL, which owes Rs 84,000 crore to mutual funds, retail depositors, and others

Total loan portfolio of DHFL at Rs 95,615 crore: Govt to Lok Sabha

The inspection report submitted by the Regional Director (Western Region) has not gone into the involvement of banks and officials

Rs 4,000 crore PF scam: Yogi govt underwrites 'illegal' investment in DHFL

The state has started the process of disinvesting the PF corpus in LIC Housing Finance and PNB Housing Finance

UP govt orders return of power staff's provident fund invested in DHFL

The government order issued by Principal Secretary (Power) Arvind Kumar said all legal options would be explored for the recovery of the money

DHFL postpones release of financial results; new date to be announced later

DHFL was scheduled to announce its financial result on November 25

RBI sets up three-member advisory committee to assist DHFL administrator

The committee would comprise of Rajiv Lall, non-executive chairman, IDFC First Bank Ltd, N S Kannan, managing director and CEO, ICICI Prudential Life Insurance Co. Ltd, and NS Vekatesh, CEO Amfi

How a potential $5 bn DHFL write-off can worsen the shadow bank crisis

The potential write-off would place an additional burden on Indian banks already struggling with $130 billion of bad loans, one of the highest levels in the world

Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more

From Rs 2.5 trillion loan disbursement by PSUs to DHFL's audit report, Business Standard bring you the top business headlines for the day

Buyers may turn their back on DHFL over KPMG audit report concerns

Bank debt-to-equity conversion will depend on forensic audit report details

With RBI at helm of affairs, DHFL lenders expect faster resolution

It can be noted that under the IBC, a dud asset case has to be resolved within 180 days, which can be extended to 330 days after the latest amendments.

A test case

DHFL resolution will strain IBC, but is systemically vital

How DHFL fallout will put India's bankruptcy reforms to an unexpected test

After watching the shadow banking industry collapse in slow motion for more than a year, authorities have decided that enough is enough

Top biz headlines: Govt to sell stake in PSUs, labour law reforms, and more

From financial relief to telcos to states considering legal action against Centre for delay in GST dues, Business Standard brings you the top business headlines for the day

RBI to supersede DHFL board, approach NCLT for bankruptcy proceedings

The central bank said it had appointed R Subramaniakumar, ex-MD and CEO of Indian Overseas Bank, the administrator for DHFL

DHFL depositors get no HC push in Rs 84-cr recovery, to try again on Nov 28

The UP Power Corporation Contributory Provident Fund Trust also has an intervenor application, seeking release of Rs 4,100 crore

Mutual funds will join DHFL's IBC resolution process: Sebi chief Tyagi

Mutual funds, which have lent substantial sums of money to DHFL had not joined previous attempts at resolution, after financial woes at the company came to light

Ahead of bankruptcy process, RBI puts DHFL board under administrator

The announcement comes after the government last week empowered the RBI to refer stressed NBFCs and HFCs having assets worth of at least Rs 500 crore to insolvency court