Dewan Housing Finance

End arbitrary account-freeze by banks

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

Apollo Global Management bets big on Indian realty with $1-billion plan

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

DHFL acquisition to see Piramal Enterprises sharpen its retail focus

Completes acquisition; pays Rs 34,250 cr to creditors

Huge scam in YES Bank for many years, says Enforcement Directorate

Rana Kapoor's wife also charged with abetting crime

Rana Kapoor to face Mumbai court after arrest in money laundering case

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

YES Bank crisis: Rana Kapoor in ED custody, faces Rs 4K-cr kickback probe

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

Dewan Housing chairman Kapil Wadhawan gets bail in Iqbal Mirchi case

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

DHFL's pre-tax loss narrows sequentially to Rs 167.80 crore in Q3

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

Prospective bidders wary of DHFL's retail loan book, to submit EoIs

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 posts net loss of Rs 6,640 crore; interest income declines 34%

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

Creditors of cash-strapped DHFL claim dues worth Rs 87,905.6 crore

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

DHFL administrator calls creditors' meet on Monday to discuss resolution

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

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

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

RBI to supersede DHFL board, approach NCLT for bankruptcy proceedings

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

Mutual funds will join DHFL's IBC resolution process: Sebi chief Tyagi

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

DHFL default cases land in Supreme Court as fixed-deposit holder files plea

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

Govt paves way for insolvency resolution of financial service providers

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

Govt not planning to help banks rescue shadow lender DHFL: Report

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