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DHFL creditors, depositors reject distribution proposal

Mumbai, June 24 -- The committee of creditors (CoC) to Dewan Housing Finance Corp. Ltd (DHFL) has overwhelmingly rejected a proposal to increase recoveries for smaller investors, including fixed depos... Read More


DHFL creditors, depositors reject new distribution plan

Mumbai, June 23 -- The committee of creditors (CoC) to Dewan Housing Finance Corp Ltd (DHFL) has rejected a proposal to increase recoveries for smaller investors, including fixed deposit holders, by a... Read More


SBM Bank, Paisabazaar introduce Step Up Credit Card

New Delhi, June 22 -- Lending marketplace Paisabazaar.com and SBM Bank India on Tuesday announced the launch of Step Up Credit Card-a credit-builder product designed for consumers with limited access ... Read More


Covid-19 resulted in windfall trading gains for public sector banks: Icra

MUMBAI, June 21 -- The onset of covid-19 resulted in windfall gains for public sector banks with trading profits on their bond portfolios rising sharply after the steep cut in policy rates by the Rese... Read More


RBI consultative paper, Assam microfinance relief favourable for Bandhan Bank

Mumbai, June 21 -- The Reserve Bank of India's (RBI) consultative paper on harmonization of regulations for microfinance lenders subsides the concerns of Bandhan Bank, being subjected to maximum numbe... Read More


RBI plan to boost forex tailwind for trade

New Delhi, June 21 -- The frenetic accumulation of foreign exchange may check the strengthening of the local currency and fuel Indian exports in the short term, experts said, with the central bank hin... Read More


Sebi directs PNB Housing to temporarily halt share sale programme

Mumbai, June 20 -- Markets regulator Securities and Exchange Board of India (Sebi) has asked mortgage lender PNB Housing Finance to temporarily halt its proposed share sale programme. On 31 May, inve... Read More


June MPC minutes show committee to look through inflation: Barclays

Mumbai, June 20 -- The minutes of the monetary policy committee (MPC) meeting released on Friday show that committee members reiterated that they would look through the current inflation surge and a f... Read More


NBFC collections expected to improve with unlocking of economy, says report

MUMBAI, June 19 -- The difficult phase for India's non-bank financiers is largely over and lenders are optimistic about collections improving in the wake of unlocking by states, Emkay Global Financial... Read More


Centrum-BharatPe small finance bank to have Rs.500 crore capital on day one

New Delhi, June 18 -- Even as the Reserve Bank of India (RBI) clears Centrum Group and BharatPe's bid to take over Punjab and Maharashtra Cooperative (PMC) Bank, depositors will not get their dues imm... Read More