Dewan Housing Finance

A longer-term solution is to allow customers to easily vote with their feet

About 70 per cent of this year's lending will go to home builders and the rest to commercial developers.

Completes acquisition; pays Rs 34,250 cr to creditors

Rana Kapoor's wife also charged with abetting crime

Former YES Bank MD & CEO Rana Kapoor was grilled by the ED for several hours on Saturday, and searches were conducted at his and his daughters' houses

12 shell firms, 2 UK assets, 44 paintings under ED scanner; London-bound daughter stopped at Mumbai Airport; CBI books Kapoor and Wadhawan on charges of cheating

YES Bank stock crash and financial mess: How the crisis unfolded in 2 years

Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon

Wadhawan (46) was arrested on January 27 by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA)

The company reported a net profit of Rs 934.35 crore in Q3FY20 due to tax adjustments; no provision for interest on borrowings post insolvency proceedings

According to its findings, the firm used over 100,000 bogus retail customer accounts to siphon off Rs 12,000 crore from the company

DHFL is the first financial services firm undergoing bankruptcy proceedings after the Centre notified the law on Nov 15

Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore

The meeting on Monday will be attended by all creditors of the company including banks, bondholders, insurance and mutual fund companies

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

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

The central bank said it had appointed R Subramaniakumar, ex-MD and CEO of Indian Overseas Bank, the administrator for DHFL

Mutual funds, which have lent substantial sums of money to DHFL had not joined previous attempts at resolution, after financial woes at the company came to light

A special leave petition in the SC was filed on Monday and it is expected to be listed in the next few weeks

Insolvency proceedings will be initiated only on an application by the appropriate regulator, who will be notified by the MCA, depending upon the FSP

A consortium - led by Union Bank (UNBK.NS) and State Bank of India (SBI.NS) - was set up to restructure DHFL's (DWNH.NS) debt a month after it first defaulted in June