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NFRA begins audit of Dewan Housing, seeks statutory audit documents for FY18

MUMBAI, May 18 -- The National Financial Reporting Authority (NFRA) has begin an audit of Dewan Housing Finance Corp Ltd (DHFL) and has reached out to the administrator for documents, said a person aw... Read More


Insolvency suspension to bite banks as stressed asset resolution seems distant

Mumbai, May 18 -- Concerned over deteriorating asset quality post covid-19, banks are now hamstrung with regard to resolution and recovery as the government has suspended fresh insolvency cases for 12... Read More


Borrowers avoid fresh debt despite Centre's push for credit flow

New Delhi, May 17 -- Even as the government's stimulus leans heavily on credit flow to revive the economy, borrowers do not seem to be in a mood for more loans at the moment, bankers and experts said.... Read More


Borrowers avoid fresh debt even as govt pushes stimulus through bank loans

MUMBAI, May 17 -- Even as the government's stimulus relies heavily on flow of credit to sections of the economy, borrowers do not seem to be in the mood for more loans at the moment, bankers and exper... Read More


Proposed IBC changes to benefit small businesses, resolutions to see a dip

MUMBAI, May 17 -- The Centre's move to increase the threshold for filing insolvency applications and a special resolution framework for small businesses will give some breathing room to the micro, sma... Read More


Risk-wary banks may stall small biz rescue

Mumbai, May 16 -- Banks wary of bad loans could derail the government's mega rescue package for small enterprises, industry officials said, since much of the promised money is to be given out as loans... Read More


Risk-wary banks may stall small business rescue

New Delhi, May 15 -- Banks wary of bad loans could derail the government's mega rescue package for small enterprises, industry officials said, since much of the promised money is to be given out as lo... Read More


Measures for small businesses rely largely on risk-averse lenders: Care Ratings

MUMBAI, May 15 -- The government's initiatives for small businesses, including the Rs.3 trillion collateral-free loans that are expected to boost liquidity, depend largely on banks and non-bank financ... Read More


Despite over 75% of customers under moratorium, Mahindra Finance sees gradual uptick in collections

New Delhi, May 15 -- Although over 75% of its customers have opted for the three-month moratorium on loan repayments, the non-bank financier is witnessing a gradual uptick in collections, said Ramesh ... Read More


RBI weighs loan revamp proposal

Mumbai, May 15 -- Lenders are pinning hopes on the Reserve Bank of India's (RBI) approval to a loan restructuring scheme for corporates to manage asset quality concerns as the government has agreed to... Read More