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IL&FS case: NCLT gives Axis and Stanchart CEOs, Bawa 2 weeks to file reply

Tribunal Makes Bawa's wife & daughter as respondents in case

NCLT consults Centre, bankruptcy board to resolve Jaypee Infra deadlock

Response of home buyers, accounting for 58.1% of votes, is poor

Unsecured lending categories grew at 31.3% in 2018, says CIBIL report

All major consumer lending products experienced double-digit percentage growth

NCLT stays insolvency withdrawal order of Sterling SEZ & Infrastructure

The Enforcement Directorate is seeking to declare the promoters as fugitive offenders under the Fugitive Economic Offenders Act in a Delhi court

Provident, pension funds have Rs 9,134-cr exposure to IL&FS group companies

Beleaguered financial institution provides assets, liabilities details of four amber entities to NCLAT

Bank of India to divest 25% in Star Union Dai-ichi Life for Rs 1,106 crore

After the stake sale, BoI will hold 3.91% stake in Star Union Dai-ichi Life Insurance

RBI plans committee to aid housing finance securitisation market

The composition and terms of reference of the committee would be announced shortly and the report would be out by the end of August

Irdai's approval to new regulations for life insurance products

The new regulations will allow the insurers to charge an extra premium from policyholders who wish to buy riders with unit-linked insurance plans.

Consumers' awareness and profits help insurance sector grow by 50%

The trend of rising awareness can also be seen from sum assured as a percentage of GDP, which has moved up from 60 per cent in FY16 to 76 per cent in FY18

NCLT approves revised resolution plan for Jyoti Structures

The total debt of Jyoti Structures involved in engineering, procurement and construction is to the tune of Rs 7010.55 crore

NCLT reserves order in Sterling Biotech over settlement issue

Section 29A of IBC says the promoters of the debt-ridden company, which is facing insolvency proceeding, cannot bid for the company

NCLT asks RP of Jyoti Structures to submit revised resolution plan

Jyoti Structures is one of the first twelve companies that faced the insolvency proceedings after the law was enacted

Withdraw 'automatic extension of period clause' in annual policies: Irdai

The regulator, however, has allowed the existing policies to remain in force which have been issued under the same clause until their expiry

NHB's new rules for HFCs will force many to revisit plot they occupy now

In case of deposits, HDFC and PNB Housing have good chunk of total deposits

Bombay High Court defers Kotak vs RBI matter to April 1

The bank had sought interim protection from the RBI directive and proposed capping of voting rights of the promoters

DHFL did not promote any shell companies, says audit report

The independent audit report is on 39 of the 64 allegations levelled against the housing finance company by a news agency

NBFCs looking at offshore funds to diversify borrowing sources

The relaxation in the ECBs and masala bonds norms has made it attractive for the NBFCs and HFCs to tap into the offshore credit market for funds

Do not depend only on ratings; use your own judgment too: Irdai to insurers

Many insurance companies have exposures to the beleaguered IL&FS group as part of their investment portfolio

National Housing Bank proposes tighter norms for HFCs; caps borrowing

Experts believe this is also been seen as step to bring NBFCs and HFCs on the same page when it comes to CAR

Non-life insurers' gross premiums underwritten grow 12.65% in Apr-Jan FY19

gross direct premiums underwritten by the non-life insurers in April - January period of FY 19 was to the tune of Rs 1.39 trillion