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Reliance Capital board denies all violations, may drag PwC to court

The board alleged PwC chose not to attend the audit committee meeting on June 12 despite being invited and resigned abruptly

NBFCs to receive more liquidity support as RBI raises exposure limit

This has been done to increase the credit flow to certain sectors which contribute significantly to economic growth in terms of export and employment

PNB Housing Finance raises Rs 690 crore from IFC through ECB route

This is the maiden fundraising via the ECB route in 2019-20 by PNB Housing Finance. The company further said that other ECB proposals are in the pipeline

Securitisation market clocks 56% growth in Q1 despite liquidity crisis

In the June quarter of FY20, the securitisation volume stood at Rs 50,300 crore, as opposed to Rs 32,300 crore in the same quarter in the preceding financial year

After RInfra and RPower, lenders to rejig debt of 2 more Anil Ambani firms

The two troubled subsidiaries of Reliance Capital have over Rs 20,000 crore debt of both the companies

DHFL net loss zooms in March qr on higher provisioning of Rs 3,280 cr

Results are unaudited, to publish audited numbers by July 22

PSU banks losing lead relationships to private banks, says study

SBI is the only outlier in this trend, which has moved faster and made more progress than other PSU banks

IndusInd Bank net profit up 38% in June quarter; stock falls over 1%

The bank saw an increase in its bad debt

Religare Enterprises to sell home loan arm, NBFC business to TCG

RFL has an asset base of Rs 7,000 crore, which includes Rs 4,500-crore SME loan book

Budget 2019: Govt hands over housing finance companies to RBI from NHB

HFCs, which so far have conducted business with light-touch regulation, will likely face intense scrutiny

Budget 2019: Liquidity tap opened for NBFCs, RBI gets powers over boards

Government will encourage PSBs to buy high-rated pooled assets of up to Rs 1 trn of good credit firms

HDFC moves NCLT to keep Jet's office out of insolvency proceedings

The tribunal had declared a moratorium on recovery of dues from Jet when the insolvency petition against Jet was admitted

Asset reconstruction companies can now acquire financial assets of peers

The selling ARC should use the proceeds for the redemption of underlying security receipts.

Crisis-hit DHFL defers March quarter financial results; stock falls by 12%

A source said the auditor has raised additional queries on the firm's accounts

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