Page 15 - Dhfl

Fixed deposit holders of debt-laden DHFL asked to submit claims by Dec 17

As of July 6, the company had public deposits worth Rs 6,188 crore

Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020

Note suggests liquidity support, govt guarantee for securities issued by SPVs

NCLT admits insolvency plea moved by RBI against debt-laden DHFL

DHFL is the first financial services firm that will undergo insolvency proceedings at the NCLT

NCLT admits crippled mortgage player DHFL for bankruptcy proceedings

The third largest pure-play mortgage player has been in liquidity crisis for long and on November 20 the RBI had superseded its board and placed under an administrator

Blackstone's India mortgage lender may get out of small-builder business

The RBI seized control of Dewan Housing on Wednesday, stepping up efforts to contain the economic fallout from the nation's shadow banking crisis

In a first, RBI moves NCLT seeking insolvency proceeding against DHFL

An interim moratorium on the assets of the beleaguered company has also commenced following the RBI's application, and will continue till it is accepted or rejected by the NCLT

RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT

DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion

MFs unlikely to get priority in DHFL refund, haircut imminent: Experts

Experts are also of the view that the fund houses would have to take a haircut, much against their wish of incurring any such paring down of their refunds

DHFL pushes back release of Q2 results; new date to be announced later

"The administrator and the advisory committee will require some time to formulate the working modalities," DHFL stated

Centre orders SFIO probe into debt-laden DHFL, 5 other real estate firms

Investigation report has not gone into the involvement of banks and officials

DHFL lenders to make provisions from Dec quarter as auditor checks company

Banks have an exposure of Rs 38,000 crore in DHFL, which owes Rs 84,000 crore to mutual funds, retail depositors, and others

Total loan portfolio of DHFL at Rs 95,615 crore: Govt to Lok Sabha

The inspection report submitted by the Regional Director (Western Region) has not gone into the involvement of banks and officials

Rs 4,000 crore PF scam: Yogi govt underwrites 'illegal' investment in DHFL

The state has started the process of disinvesting the PF corpus in LIC Housing Finance and PNB Housing Finance

UP govt orders return of power staff's provident fund invested in DHFL

The government order issued by Principal Secretary (Power) Arvind Kumar said all legal options would be explored for the recovery of the money

DHFL postpones release of financial results; new date to be announced later

DHFL was scheduled to announce its financial result on November 25

RBI sets up three-member advisory committee to assist DHFL administrator

The committee would comprise of Rajiv Lall, non-executive chairman, IDFC First Bank Ltd, N S Kannan, managing director and CEO, ICICI Prudential Life Insurance Co. Ltd, and NS Vekatesh, CEO Amfi

How a potential $5 bn DHFL write-off can worsen the shadow bank crisis

The potential write-off would place an additional burden on Indian banks already struggling with $130 billion of bad loans, one of the highest levels in the world

Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more

From Rs 2.5 trillion loan disbursement by PSUs to DHFL's audit report, Business Standard bring you the top business headlines for the day

Buyers may turn their back on DHFL over KPMG audit report concerns

Bank debt-to-equity conversion will depend on forensic audit report details

With RBI at helm of affairs, DHFL lenders expect faster resolution

It can be noted that under the IBC, a dud asset case has to be resolved within 180 days, which can be extended to 330 days after the latest amendments.