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Consumer loans may be the next big headache for NBFCs: RBI report

NBFCs are facing the highest delinquency levels in all the sub-segments of consumer loans except for loans against property

RBI's panel on MSMEs bats for Rs 5,000-crore stressed asset fund

Committee also suggests doubling collateral-free loans to Rs 20 lakh

Crisis-hit DHFL makes partial payment of Rs 150 crore for commercial papers

Says will pay the balance in next two days once cash position improves

SBI Life share sale subscribed 3.4 times; stock ends 5% lower at Rs 675

The selling shareholder in the OFS was BNP Paribas Cardif, a joint venture partner in SBI Life

NCLT sets 90-day deadline for Jet Airways bankruptcy resolution

Jet stopped operations on April 17 leaving over 14,000 employees in the lurch

Banks want current tax benefits extended to three-year deposits

Non-banking finance firms sought an exemption from the requirement to deduct tax at source (TDS) for interest payments

HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore

Apollo Munich will be later merged with general insurance company HDFC ERGO, part of the HDFC group.

Dutch vendors move NCLT in Jet case, engineers, pilots seek to be parties

The counsel representing SBI had sought an urgent hearing of the case considering the importance of the matter

NCLT to hear grounded Jet Airways' insolvency plea on Wednesday

Dutch administrator to join proceedings after local court declares airline bankrupt

SBI files insolvency plea against Jet Airways; hearing on June 19

Jet Airways is sitting on a debt pile of Rs 8,500 crore

Former CEO Rana Kapoor denies attempt to return to the board of YES Bank

While YES Bank shareholders had reappointed Kapoor as MD and CEO for three years starting September 1, 2018, the central bank had cut short his tenure till January 31, 2019

YES Bank sees several exits from board ahead of annual general meeting

There were many exits from the board in the second half of last year, with R Chandrasekhar and Ashok Chawla, both former Union secretaries, resigning

DHFL pays Rs 962 cr towards non-convertible debentures within cure period

The company added that since September 2018, it has managed to make liabilities payment of over Rs 36,000 crore without availing of any fresh funding from any lender

Mumbai court admits SFIO complaint against IL&FS Financial Services

The court will take cognizance of the matter and issue notices to the accused named in the complaint. The matter has been posted for hearing on June 18

Shares of HFCs and NBFCs tank, RBI says won't hesitate to take steps

Absence of concrete measures by the RBI to support the NBFC sector disappointed investors

Premium for third-party motor insurance to be raised from June 16

Earlier, it had issued an exposure draft on May 20, proposing a hike in motor third party insurance premiums and had invited comments from various stakeholders

Dewan Housing Finance Corp misses interest payment of Rs 960 crore

According to people in the know, several fund houses also had their interest payment due dates on Tuesday

Life insurers take cover in loans to avert surrenders, improve persistency

With lack of funds being the main reason for people not renewing their policy, insurance firms are providing loans and using tech to find such customers

Doha Bank moves law tribunal, seeks stay on decisions of RCom lenders

Ericsson has been opposed to RCom's move of undergoing insolvency proceedings

RBI forms committee to review existing state of mortgage securitisation

The committee has been asked to submit its report by the end of August 2019