Page 18 - Dhfl
Number of NBFCs drops to lowest in 10 yrs in India as crackdown accelerates
RBI has also tightened regulations this year by putting in place rules requiring shadow lenders to appoint a chief risk officer and proposing stringent liquidity requirements
 "Number of NBFCs drops to lowest in 10 yrs in India as crackdown accelerates")
Top 10 biz headlines: Suitors for RCom assets grow, FPI norms eased & more
From Anil Agarwal and Mukesh Ambani joining the suitors' list for acquiring RCom assets to Sebi easing the process for onboarding overseas investors, here are the top business headlines for Thursday
 "Top 10 biz headlines: Suitors for RCom assets grow, FPI norms eased & more")
DHFL looks for a buyer, in talks with investors to sell majority stake
Some of the banks in the consortium, however, are not comfortable about taking a majority stake in the company
 "DHFL looks for a buyer, in talks with investors to sell majority stake")
Top 10 business headlines: GDP estimates for Q1FY20, CG Power fiasco & more
From a probe at CG Power finding fraudulent related-party transactions to the IL&FS board seeking NCLT approval to sell 7 wind assets to Orix Corp, here are the top business headlines for Wednesday
 "Top 10 business headlines: GDP estimates for Q1FY20, CG Power fiasco & more")
DHFL resolution: Banks may convert debt into equity, says Union Bank
DHFL has become the poster-boy of the NBFC crisis that afflicted the financial sector after the infra-lender IL&FS went belly up last September
 "DHFL resolution: Banks may convert debt into equity, says Union Bank")
Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more
From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday
 "Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more")
Cash-strapped DHFL makes fresh default on Rs 1,571-crore bond repayments
The defaults pertain to three cases with regard to interest payment on non-convertible debentures and commercial papers (CPs), DHFL said in a regulatory filing
 "Cash-strapped DHFL makes fresh default on Rs 1,571-crore bond repayments")
Banks may take majority stake in DHFL, convert part of debt into equity
DHFL owes banks Rs 40,600 crore. It also has a liability of Rs 45,380 crore to pay the holders of debentures and bonds
Increased forced lending to NBFCs can land banks in trouble: Fitch report
NBFC disbursements have declined steeply as a result, with knock-on effects to other sectors, particularly consumption
 "Increased forced lending to NBFCs can land banks in trouble: Fitch report")
Top 10 biz headlines: Auto crisis worsens, India Inc gets CSR relief & more
From Amazon closing in on buying stake in Future Retail to Japan cautioning Andhra against reworking green power pacts, here are the top ten business headlines on Wednesday
 "Top 10 biz headlines: Auto crisis worsens, India Inc gets CSR relief & more")
DHFL resolution plan: Stakeholders seek legal protection from future claims
The stakeholders want protection from any litigation which might arise due to fresh claims against the company
Economic downturn raises default risks, puts stimulus package in focus
The credit market has been stung by a yearlong shadow banking crisis that started with shock defaults last year by IL&FS group
 "Economic downturn raises default risks, puts stimulus package in focus")
Top 10 business headlines: Modi's economic plan, stimulus package & more
From SoftBank eyeing stake in Airtel's telecom biz and other assets to Anil Agarwal's expression of interest to revive Jet Airways, here are the top 10 business headlines for Monday
 "Top 10 business headlines: Modi's economic plan, stimulus package & more")
Cash-strapped DHFL seeks Rs 15,000-crore immediate funding from banks
Home financier DHFL owes an estimated Rs 90,000 crore to banks, National Housing Bank and other creditors
 "Cash-strapped DHFL seeks Rs 15,000-crore immediate funding from banks")
May not be able to repay due in the near future: DHFL to stock exchanges
Banks have an exposure of Rs 40,600 crore to DHFL as on March 31
Mutual funds can be part of inter-creditor agreement, clarifies RBI
Reserve Bank of India underlines importance of looking at liabilities of stressed assets comprehensively
 "Mutual funds can be part of inter-creditor agreement, clarifies RBI")
DHFL resolution plan: Lenders to take zero haircut on principal amount
Firm seeks moratorium on repayments
 "DHFL resolution plan: Lenders to take zero haircut on principal amount")
Deloitte Haskins & Sells quits as auditor of cash-strapped DHFL
However, the other joint auditor, Mumbai-based Chaturvedi & Shah, continues to service the company
Bankers worry DSP's legal action will delay rescue of DHFL: Reports
DHFL ran into trouble late last year as cracks in the shadow banking system in the country began to emerge after the near collapse of another financial firm, IL&FS
 "Bankers worry DSP's legal action will delay rescue of DHFL: Reports")
Side-pocketing DHFL exposure: Sebi may allow mutual funds to join ICA
Regulator may grant one-time relaxation to fund houses
 "Side-pocketing DHFL exposure: Sebi may allow mutual funds to join ICA")
