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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

Flood of money in short-term debt schemes new headache for NBFCs

Systemic risk for mutual funds as well in case there are large-scale redemptions

IBC process helps recover Rs 70,000-crore bad loans in FY19: CRISIL

The recovery rate is twice the liquidation value of all 94 cases resolved says CRISIL.

Flood of money pouring into short-term debt schemes poses new risks

Systemic threat to MFs in case there are large-scale redemptions

HDFC Q4 profit rises 27% to Rs 2,862 cr, asset quality improves marginally

The net interest income of the mortgage lender for the quarter stood at Rs 3,161 crore against Rs 2,650 crore in Q4FY18

Insolvency woes: RCom resolution professional asks for 13-month exclusion

NCLT tells interim RP's counsel to file separate plea

LIC Housing Finance Q4 net up 17% on strong net interest income, revenue

NII rises 21% to Rs 1,201 cr in Q4FY19, revenue up 20% to Rs 4,655 cr; individual home loans up 18% to Rs 12,448 cr