DHFL NCD Issue

The Supreme Court on Monday refused to stay the implementation of DHFL Resolution Plan on the plea filed by 63 moons technologies and directed the NCLAT to hear the issue expeditiously.

The Wadhawan brothers and 21 others, including their family members, travelled in two Range Rover and three Toyota Fortuner cars

A recent contagion analysis released by the Reserve Bank of India (RBI) suggested that the failure of any top-five HFC or NBFC could result in the default of up to two banks

This payment of Rs 962 crore is inclusive of the Rs 500 crore DHFL received from exiting its entire stake in subsidiary firm Aadhar Housing Finance Ltd

Many wealthy investors who have invested in DHFL's non-convertible debenture (NCD) issue are betting on a rate cut by the Reserve Bank of India (RBI). The Rs 1,000-crore issue opened only a week ahead of the RBI policy review and will list around 10 days after the policy announcement.Although the Street expectation is of status quo on Tuesday, many NCD subscribers are hoping for a surprise cut. "The 10-year government security has rallied after the NCD was priced. So, the downside risk is minimal. However, if there is a surprise rate cut on August 9, the listing gains will be high," said a bond dealer.Bankers start roadshows for on-tap licenceWith the Reserve Bank of India issuing final guidelines for the on-tap licence to start bank, many bankers have shown interest. Sector sources say that at least two professional bankers have drawn out plans, in consultation with legal experts in the sector, to apply. They have also begun doing roadshows to raise the Rs 500 crore required as minimu