Page 15 - Dhfl
DHFL insolvency proceedings: Irdai rules out troubles for two insurers
The two insurance subsidiaries of the crippled mortgage lender Dewan Housing Finance (DHFL) are unlikely to be impacted by the ongoing bankruptcy proceedings of their parent as they continue to have adequate solvency ratios, Irdai chairman SC Khuntia said on Friday. He also asked insurance companies to write off their exposure to the bankrupt DHFL as they did in case of IL&FS. DHFL, admitted for bankruptcy proceedings on December 3, has two insurance joint ventures -- DHFL Pramerica Life Insurance and DHFL General Insurance. DHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential International Insurance Holdings of the US, has Rs 4,675 crore assets under management and employs 3,100. DHFL General Insurance, on the other hand, is a fully-owned subsidiary of Wadhawan Global Capital, the holding company of the HDFL Group, and manages USD 18.6 billion assets through its lending, investment and ...
 "DHFL insolvency proceedings: Irdai rules out troubles for two insurers")
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
 "Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020")
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The third largest pure-play mortgage player has been in liquidity crisis for long and on November 20 the RBI had superseded its board and placed under an administrator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
 "Blackstone's India mortgage lender may get out of small-builder business")
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
 "In a first, RBI moves NCLT seeking insolvency proceeding against DHFL")
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
 "RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT")
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
 "MFs unlikely to get priority in DHFL refund, haircut imminent: Experts")
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
 "Centre orders SFIO probe into debt-laden DHFL, 5 other real estate firms")
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
 "DHFL lenders to make provisions from Dec quarter as auditor checks company")
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
 "RBI sets up three-member advisory committee to assist DHFL administrator")
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
 "How a potential $5 bn DHFL write-off can worsen the shadow bank crisis")
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
 "Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more")
Buyers may turn their back on DHFL over KPMG audit report concerns
Bank debt-to-equity conversion will depend on forensic audit report details