Indiabulls said similar allegations were already filed under various individual names in July 2019
The company said the PIL was leaked in social media with malicious intent, and that it is determined to fight out the petitioners in the court
The housing financier has indicated it hopes to hear from the RBI by early October on its merge with Lakshmi Vilas Bank
The troubled non-banking finance company will be replaced by the multinational fast-moving consumer goods company Nestle India in the broader index
The 'negative' outlook generally means the ratings won't improve in the next 12-18 months.
From the finance ministry briefing PM Modi about the economic situation to merchandise exports recovering a bit, here are the top business headlines for Thursday
Asset quality stress has also increased in the housing finance company
Most of the increase in stage 3 loans has come from the company's corporate loan segment
Proposes Sameer Gehlaut as non-executive chairman and Gagan Banga as MD and CEO of the amalgamated bank
Gross NPA ratio slips to 1.47%, worst in five years; incremental cost of funds escalate to 9.2%
Rajya Sabha member Subramanian Swamy sent a letter to Prime Minister Narendra Modi, accusing the group of frauds worth Rs 1 lakh crore
Palais Royale was designed to accommodate immediate occupation following any earthquake in the city of Mumbai
IBHFL will hold around 90.5% of the post-merger enhanced equity capital of the merged entity
The combined entity, with employee strength of 14,302, will have a loan book size of Rs 1.23 trillion for the first nine-month period
On Wednesday, the stock of housing mortgage company dipped 7 per cent to Rs 626 in intra-day trade, falling 15 per cent in past two trading sessions
At best, it could improve the company's liquidity situation
Indiabulls Housing Finance posted a net profit of Rs 1,006 crore in the fourth quarter ended March 2019 with net interest income of Rs 1,591 crore
The total resources raised in the fourth quarter of 2018-19 were Rs 17,300 crore, Indiabulls Housing Finance said in a regulatory filing
With this, total equity capital of Oak North bank, a British banking start-up, will rise to Rs 7,000 crore
Loan assets rose by 16.2 per cent to Rs 1,24,271.1 crore at end of December 2018 from Rs 1,06,971.3 crore at end of December 2017