The DHFL is said to owe over Rs 15,000 crores to retail investors who have been running from pillar to post to get their money back...
On November 22, the central bank had constituted a three-member advisory committee. The Reserve Bank has retained the three-member advisory committee it had appointed last month...
One of the amendments, which is likely to go to the Cabinet soon, would provide protection to new buyers of an insolvent company against frauds committed...
To allow bankruptcy proceedings against non-banking financial companies (NBFCs) is positive for banks as its paves the way for orderly resolution of stressed shadow banks, says...
The comments come a day after the RBI invoked the provisions of the recently notified provisions in the IBC and superseded the DHFL board and appointed...
The RBI also superseded the Board of Directors of DHFL owing to governance concerns and defaults by DHFL in meeting various payment obligations. The Gautam Adani-led...
“The need is to insulate its contagion effect and reinforce confidence of stakeholders in the ecosystem,” said Hari Hara Mishra, a former bank executive. After the...
Separately, the government will notify specific categories of financial service providers that do not fall under the systemically important category to be resolved as ordinarily applicable...
A day earlier, the Bombay High Court allowed DHFL to make payments to banks and NBFCs that have securitisation arrangements with the stressed mortgage financier. The Pune bench of the Debt...
Besides domestic claims, GIC Re also lost on account of global claims as it accepts inward reinsurance from global companies. General Insurance Corporation (GIC Re), the country’s...
