Page 3 - Hdil

PMC Bank doesn't pose a systemic threat but it is a canary in the coal mine

Given the extent of current nervousness in the financial system, it would be a bad idea to let this problem linger for even six months

PMC Bank helped real estate developer HDIL pay off loans of other PSBs

Assisted promoters to retain control of real estate company

Crisis-hit PMC Bank used dummy accounts to escape RBI's attention

The bank misled auditors of the RBI by replacing legacy accounts of the company with dummy accounts, dating back to 2008

Failures of supervision

RBI needs to upgrade oversight capacity

PMC Bank set to file FIR against sacked managing director Joy Thomas

Joy Thomas to be charged with misrepresenting the bank's books and hiding bad debts of HDIL

PMC Bank chairman Waryam Singh's connection with HDIL runs deep

Waryam Singh held 1.91% stake in HDIL till 2017

HDIL slumps 5% as it goes insolvent, recovers later

In a regulatory filing, HDIL said the IRP has been appointed to carry the functions as mentioned under Insolvency and Bankruptcy Code.

Indian developers slump on bankruptcy and tax woes; HDIL, Oberoi shares dip

The share slump highlights India's intensifying demand slowdown

NCLT admits application for initiating insolvency proceedings against HDIL

Insolvency proceedings have been initiated against many real estate developers, including Jaypee Infratech, mainly because of default in loan repayment to banks and delivery of flats to home buyers

HDIL Q1 net profit declines 67% to Rs 8.24 cr; income falls to Rs 96.50 cr

HDIL had posted a net profit of Rs 24.69 crore in the year-ago period

HDIL reaches settlement with Bank of India over dues worth Rs 5.11 bn

Bank of India accepted HDIL's structured payment plan to pay Rs 5.1 billion in one year's time

Nifty Realty index down 5%; HDIL tanks 23% intra-day

Indiabulls Real Estate, DLF and Unitech from Nifty Realty index were down more than 5% each.

HDIL extends fall as NCLT admits Union Bank of India's plea against arm

The stock slipped 7% to Rs 77, extending its Thursday's 3% decline on BSE.

GVK, HDIL end Mumbai airport slum rehabilitation dispute

They have unconditionally withdrawn all claims, liabilities and damages raised against each other

HDIL slides after reporting weak Q1 results

On BSE, so far 40,604 shares were traded in the counter, compared with an average volume of 12.95 lakh shares in the past one quarter

HDIL net profit falls 30% to Rs 41 crore in April-June quarter

Total income stood at Rs 265.21 crore for the quarter ended June against Rs 272.58 crore in the year-ago period

Real estate shares extend gain; HDIL hits 52-week high

SSPDL, Unitech, DLF, Phoenix, HDIL, NBCC (India), Kolte-Patil Developers and Sunteck Realty were up 2%-10%.

Real estate shares in focus; HDIL, Sobha up over 5%

Zandu Realty, SSPDL, Sunteck Realty, Sobha, Kolte Patil Developers and HDIL were up more than 5% each on BSE.

HDIL to garner Rs 750 cr from Mumbai land deals

Firm is selling 5 mn sq ft each in Palghar and Vasai-Virar areas, is expected to get Rs 350-400 cr for each