Page 2 - Reliance Home Finance

Top headlines: Centrum-BharatPe in race for PMC bank; Jio preps 5G infra

From Centrum-BharatPe, Liberty group in the race for beleaguered PMC Bank to Amazon enabling digitisation of over 1 million small businesses, here are top headlines this morning

Lenders extend Reliance Home Finance bid deadline to January-end

Move follows request by suitors; only two of six contenders submitted binding bids, the other four came with riders

Reliance Capital lenders appoint SBI Caps, JM Financial to sell assets

Move follows default on debt to debenture holders who form 99% of the firm's liability

Reliance Home Fin resolution may be delayed as auditors split on fraud call

Clean chit by SBI-appointed forensic auditor, fraud call by Bank of Baroda's party

Anil Ambani's Rel Home Finance defaulted on Rs 40 cr loan repayment in Feb

The company has cash on hand of approximately Rs 700 crore in the form of investment in liquid mutual fund

Letter to BS: One of the reasons for slowdown is problems in NBFC sector

The problems of these institutions won't go away immediately, but timely proactive steps will limit the damage they cause to financial system.

What next, Reliance Home Finance?

This is no default caused by liquidity tightness. It could have been avoided had the loans to group companies not been given. Period.

In talks with investors for equity infusion: Reliance Home Finance

Reliance Home Finance Ltd (RHFL) on Friday said it is in discussion with several investors for equity infusion, amid tight financial conditions plaguing the industry for the past few months. Since the IL&FS episode, all categories of lenders in India, including banks, mutual funds have put an almost complete freeze on additional lending to home finance companies (HFCs) and non-banking financial companies (NBFCs), and have instead only been insisting upon reduction of existing borrowings, it said in a release. Over this entire period, lenders have been willing to only securitise existing asset polls of HFCs and NBFCs to provide resources for meeting debt servicing obligations, it said. These unprecedented actions lasting for more than 6 months have severely impacted the financial flexibility of almost all HFCs and NBFCs in the country including RHFL. The company has been affected by a timing mismatch with regard to the ongoing further securitisation or monetisation proposals with ..

RCap in talks with 4 investors to divest stake in Reliance Home Finance

Reliance Home Finance is also looking to wind down its book and focus on the retail segment, which is valued at about Rs 4,000 crore

After RInfra and RPower, lenders to rejig debt of 2 more Anil Ambani firms

The two troubled subsidiaries of Reliance Capital have over Rs 20,000 crore debt of both the companies

Reliance MF extends repayment date on Reliance Home's bonds for 4 months

Reliance AMC extends maturity date

Reliance Home Fin extends maturity of non-convertible debentures by 4 mnths

In view of the continuing severe liquidity crisis in the sector, the maturity of certain NCDs of Rs 400 crore has been extended till October 31

Padmanabh Vora quits as independent director on Reliance Home Finance board

Rashna Hoshang Khan has been appointed as an independent director on the board of the company for five years.

Reliance Home Finance Q3 profit up 38% at Rs 55 cr, stock down 6%

Shares of the company were trading at Rs 24.70

Overseas investor eyes investment in Anil Ambani's Reliance Home Finance

There can be no certainty at this stage that any transaction will succeed

Reliance Home Finance Q3 net profit doubles to Rs 460 mn, revenue up 56%

The home financier also improved on its asset quality with gross non-performing assets (NPAs) reducing to 0.8 per cent of the gross advances at the end of December 2017

Reliance Home Finance: Demerger done, now on to execution

While the company has ambitious growth plans, its ability to scale up while keeping costs down and asset quality strong will be key

Reliance Home Finance shares jump 5% in stock market debut

The listing will also unlock substantial value for all stakeholders

Reliance Home Finance locked in 5% upper circuit at Rs 109 on debut

On the National Stock Exchange, the stock has frozen at maximum upper limit of 5% at Rs 107 after listing at Rs 102.

Reliance Home Finance to list on bourses on Friday

Reliance Home Finance provides a wide range of loan solutions