Dhfl

Wednesday, May 08, 2024 | Last Update : 02:35 PM IST

ED attaches Rs 2,800 cr assets of Rana Kapoor, Wadhawan brothers under PMLA. (PTI Photo)

Yes Bank: ED attaches over Rs 2,800 crore assets of Rana Kapoor, Wadhawan brothers

The assets include immovable properties in India and abroad, bank accounts, investments, luxury vehicles, among others

10 Jul 2020 12:04 PM

Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth Rs 3,689 billion. (PTI Photo)

PNB reports over Rs 3600 crore DHFL loans as fraud

DHFL accumulated total debts of almost Rs 1 trillion and then failed to honour dues to its creditors

10 Jul 2020 9:09 AM

Yes Bank: ED files charge sheet against Rana Kapoor

Kapoor was arrested by the ED on March 8 under the Prevention of Money Laundering Act (PMLA)

07 May 2020 11:49 AM

Yes Bank founder Rana Kapoor being taken to a court after being arrested by Enforcement Directorate under money laundering charges, in Mumbai on Sunday. PTI photo

Yes Bank scam: CBI search at Rana Kapoor’s properties

Teams of CBI officers are carrying out operations at the residence and official premises of the accused in Mumbai

09 Mar 2020 12:21 PM

Customers of Yes Bank queue up to withdraw money from their accounts at an Automated Teller Machine (ATM) in Mumbai. (AFP)

ED arrests 'uncooperative' Yes Bank founder Rana Kapoor

The agency is probing money-laundering and lending practices that pushed the bank to the edge

08 Mar 2020 9:27 AM

The exposure of insurance companies to the debt-laden DHFL will have to be written off using due process, said Irdai Chairman Subhash Chandra Khuntia.

Write off DHFL exposure

If DHFL goes under liquidation, it will be sold and someone else will take over. Insurance companies are also part of the inter-creditor agreement.

07 Dec 2019 1:36 AM

The move came in after the Reserve Bank last Friday referred DHFL to the NCLT Mumbai to resolve the debt crisis at the third largest pure-play mortgage player.

DHFL stock falls nearly 5 pc after NCLT admits RBI's petition

Shares of the troubled firm fell 4.82 per cent to close at Rs 18.75 apiece on the BSE.

03 Dec 2019 5:05 PM

The Reserve Bank on Friday sent the troubled mortgage lender for bankruptcy proceedings, making it the first financial services player to go to the NCLT for a possible debt resolution.

DHFL shares fall nearly 5 pc as RBI starts resolution process

Over 17 lakh shares of DHFL were traded on the NSE, while the BSE saw an exchange of 4.51 lakh shares.

02 Dec 2019 4:37 PM

DHFL had last week informed the exchanges that it will not be able to declare its financial results on the scheduled date as the new administrator needs to have detailed discussions with the statutory auditors.

RBI takes DHFL to NCLT

DHFL was scheduled to announce its financial results on November 25.

30 Nov 2019 1:42 AM

The central bank also said there will an interim moratorium on the lender between the date of filing of the bankruptcy application and its admission or rejection.

RBI sends DHFL to NCLT for resolution

The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.

29 Nov 2019 4:22 PM

IDFC First Bank's Non-Executive Chairman Rajiv Lall, ICICI Prudential Life Insurance's Managing Director and Chief Executive N S Kannan, and mutual funds' association AMFI's Chief Executive N S Venkatesh would be part of the panel, an official statement said.

RBI appoints 3-member advisory panel for DHFL

RBI superseded DHFL's board and placed company under an administrator in the wake of governance issues and severe liquidity crisis.

22 Nov 2019 3:02 PM

Banks will now become even more cautious about non-banking financial companies as going to bankruptcy court destroys values because the realisation may not be much.

Govt to start DHFL's bankruptcy proceedings in latest shadow banking crisis

DHFL’s owes its lenders nearly 1 trillion rupees including several mutual funds, banks, pension funds, insurance firms and retail investors.

21 Nov 2019 10:34 AM

The Reserve Bank of India (RBI) on Wednesday superseded the board of debt-laden Dewan Housing Finance Corporation Limited (DHFL) owing to governance concerns and defaults in meeting various payment obligations by the mortgage lender.

RBI supersedes DHFL board

The central bank also said it would shortly initiate the process of resolution of the company under the insolvency and bankruptcy rules.

21 Nov 2019 1:21 AM

Ind-Ra has rated bonds of UPPCL totalling Rs 19,989 crore which were raised during FY17 and FY18. (Photo: ANI)

Provident fund investment issues to impact UPPCL financials: Ind-Ra

UPPCL has been stepping it up to meet the enhanced principal repayment obligation as and when required.

11 Nov 2019 10:58 AM

DHFL is currently classified as stressed account but will slip into becoming a Non-Performing Assets (NPA) by December 31 unless a resolution is found.

Govt not planning to help banks rescue shadow lender DHFL: sources

DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.

07 Nov 2019 1:30 PM

A forensic audit by KPMG has reportedly found massive fund diversion by the promoters.

Govt orders SFIO probe against crisis-hit DHFL

On October 29, a senior official said there were good enough reasons to refer the DHFL matter to the SFIO.

01 Nov 2019 4:40 PM

DHFL posted a net loss of 2.06 billion rupees during the quarter compared with a profit of 4.35 billion rupees in the same period a year earlier.

DHFL reports USD 29 million loss in June quarter

The Company is undergoing substantial financial stress since (the) second half of the previous financial year.

18 Oct 2019 8:58 AM

The shares hit lower circuit as well as 52-week low on both the stock exchanges.

DHFL shares hit lower circuit as Edelweiss moves HC for recovery of dues

DHFL, which has been severely impacted by the NBFC crisis which unfolded late last year following the IL&FS bankruptcy

10 Oct 2019 1:01 PM

DHFL, as on July 6, 2019, had total debt outstanding of Rs 83,873 crore of which Rs 74,055 crore is secured loans and Rs 9,818 crore unsecured.

No exposure to HDIL, PMC Bank, says DHFL

DHFL does not have any exposure to either of them, DHFL said in a regulatory filing.

01 Oct 2019 5:40 PM

DHFL has sold its strategic investments, even in core retail financial services firms like Avanse, Aadhar, DHFL Pramerica AMC to bring liquidity.

DHFL lenders led by SBI expected to complete debt resolution plan quickly

DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore.

29 Sep 2019 6:14 PM

The default by DHFL is towards principal and interest on non-convertible debentures (NCDs) worth Rs 350 crore issued by it, DHFL.

DHFL, Altico default on payments

Altico added its total borrowing from banks and financial institutions is Rs 4,361.55 crore as on September 12, 2019.

13 Sep 2019 9:12 AM

Rajkiran Rai, the managing director and chief executive for the state-run UBI, which is the lead-lender to the crippled housing financier, Tuesday clarified that if the banks take equity stake in the company, it will be for a short -term, which is till they get a suitor.

DHFL resolution: Banks may convert debt into equity, says Union Bank

DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.

21 Aug 2019 12:31 PM

The NBFC sector has been reeling under stress since the unfolding of the IL&FS liquidity crisis in September 2018 due to alleged fraud and mis-management issues.

DHFL makes fresh default on Rs 1,571 crore bond repayments

The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore.

20 Aug 2019 9:36 AM

The company has asked for an additional funding of Rs 15,000 crore. The money will be used to fund viable projects that are stuck due to lack of money, said one of the sources.

DHFL seeks a Rs 15,000-cr lifeline as resolution plan gets delayed

ast week, DHFL had submitted a draft resolution plan to lenders which are yet to be approved by them.

11 Aug 2019 7:23 PM

Shares of the DHFL closed at Rs 55.40 apiece on the BSE, up 32.06 per cent.

No haircuts to any creditors: DHFL's resolution plan

The committee also approved submission of the draft resolution plan to the lenders of the company.

07 Aug 2019 9:05 AM

Communication regarding Deloitte quitting as DHFL's auditor has been sent to the Ministry of Corporate Affairs, one of the sources said.

DHFL shares tank 10 pc amid reports of Deloitte quitting as auditor

The company's scrip tumbled 10.08 per cent to close at Rs 41.95 on the BSE.

05 Aug 2019 6:18 PM

The company said it is in the process of submitting a resolution plan to the lenders who are expected to give in-principle approval by month-end.

DHFL shares bounce back; zoom over 14 per cent

The scrip advanced 14.16 per cent to close at Rs 60.05 on the BSE. Intra-day, it jumped 17.49 per cent to Rs 61.80.

23 Jul 2019 5:47 PM

DHFL said on Monday its audited results were largely in line with the unaudited net loss it reported on July 13.

Auditors to DHFL raise red flags around quarterly results

The auditors said DHFL had failed to provide them with sufficient explanation or information about these matters.

23 Jul 2019 1:55 PM

DHFL stock had plummeted nearly 30 per cent on Monday after the company posted biggest ever quarterly loss of Rs 2,224 crore.

DHFL shares continue to rise; jump 11 per cent

The scrip jumped 11.07 per cent to close at Rs 56.20 on the BSE. During the day, it zoomed 17.88 per cent to Rs 59.65.

17 Jul 2019 5:24 PM

No fresh contracts shall be introduced after the expiry of September 2019 contracts, NSE said.

NSE to exclude DHFL shares from equity derivatives segment from Sept 27

DHFL had said the developments in past few quarters threaten its ability to continue as a going-concern.

16 Jul 2019 7:34 PM

DHFL stock had plummeted nearly 30 per cent on Monday after the company posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.

DHFL shares bounce back; jump 6 per cent

The scrip jumped 5.97 per cent to Rs 51.40 on the BSE.

16 Jul 2019 12:00 PM

On the traded volume front, 68.04 lakh shares were traded on the BSE and over seven crore shares on the NSE during Monday.

DHFL stock plunges 30 pc after Q4 loss

The company's market valuation also fell by Rs 625.96 crore to Rs 1,522.04 crore on the BSE.

15 Jul 2019 6:23 PM

Stock of DHFL slumped 28.10 per cent at Rs 49.20 on BSE.

DHFL says working with creditors to resolve issues without any haircut to lenders

DHFL reported a loss of Rs 2,223 crore for the March quarter of 2018-19 financial year.

15 Jul 2019 2:19 PM

In the backdrop of a significant slowdown in disbursement and loan growth post September 2018, the financials of the company have been quite strained for the quarter impacting the overall performance of the year, the company said in a late evening regulatory filing on Saturday.

DHFL fears it may not continue as a going concern; posts Rs 2,223 cr loss in Q4

The debt-ridden company had reported a profit of Rs 134.35 crore in the same quarter previous fiscal.

14 Jul 2019 7:44 PM

Company is already in the process of selling down its loan assets including wholesale project loans to make good all its obligations and maintain its 100 per cent commitment to all its creditors.

Troubled mortgage lender DHFL again misses debt payments

DHFL only been able to make a 40 per cent payment on unsecured commercial papers due on Tuesday.

26 Jun 2019 8:52 AM

The group is also in talks to sell its life insurance arm to a domestic partner and has appointed investment bankers for the same.

DHFL in talks with PE firm; expect USD 1 bn from sale of half of their holdings

The Wadhawan family, the promoters of the company, currently holds close to 40 per cent stake in the company.

13 Jun 2019 12:19 PM

obligation. Crisil and ICRA had downgraded ratings on DHFL's commercial papers (CPs) worth Rs 850 crore last week, citing delay in payments.

DHFL makes Rs 962 crore payment towards NCDs, to seek ratings upgrade

The company has made interest payments in lieu of Rs 961.95 crores as committed to its debenture holders.

12 Jun 2019 8:58 AM

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL clears Rs 961 crore interest on NCDs

The company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders.

12 Jun 2019 2:23 AM

Later in a statement, SBI said the overall quality of the NBFC asset portfolio on its books continues to be good.

RBI assures all help to troubled NBFCs; SBI monitoring exposure to sector

RBI is committed to ensuring a robust and well-functioning NBFC sector, said Das.

07 Jun 2019 9:03 AM

After DHFL's bond repayment default, rating agencies Crisil and Icra had on Wednesday downgraded rating on its Rs 850-crore commercial paper to 'default' from 'A4'.

DHFL default: RBI to enusre financial stability

DHFL has commercial paper worth Rs 750 crore maturing in June with the first repayment on June 7.

06 Jun 2019 1:18 PM

The company has assured the exchanges that the report for the financial year 2018-19 will be submitted on or before June 30.

DHFL to file results late

The mortgage lender attributed the delay to submissions to be made under the (Indian Accounting Standards) Rules, 2015.

31 May 2019 2:05 AM

DHFL stock plunged more than 3.5 per cent on Tuesday on reports that the MHA had issued a lookout notice against the promoters of the company over non-existent shell companies.

Lookout notice issued against DHFL promoters

According to sources, the company is being investigated for alleged siphoning of funds through shell companies.

29 May 2019 12:46 AM

In terms of equity volume, 55.86 lakh shares on the BSE and nearly 6 crore scrips on the NSE were traded during the day.

DHFL shares close with over 9 per cent loss

On the BSE, the scrip of the NBFC opened on a negative note and further slumped to Rs 117.65.

22 May 2019 5:15 PM

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Provisioning key theme of bank results in 4th quarter

Credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has come down to 2.75 per cent to 3 per cent in Q4FY19.

15 May 2019 1:55 AM

The board of the company in its meeting on Saturday approved the proposal to raise capital up to Rs 2,000 crore, DHFL said in a filing.

DHFL to raise up to Rs 2,000 cr

Dewan Housing Finance Ltd will raise funds up to Rs 2,000 crore in one or more tranches.

04 May 2019 4:43 PM

DHFL rose as much as 4.4 per cent, after Chief Financial officer Santosh Sharma was redesignated to another role.

Dewan Housing shares rise; CFO moved as corporate strategy head

An auditor had earlier this month dismissed media allegations that DHFL had created shell companies to divert funds.

18 Mar 2019 11:23 AM

Investigative media outlet Cobrapost had alleged in January that loans from Indian state-run lenders were diverted by Dewan Housing to shell companies.

Dewan Housing jumps after auditor report says no funds diversion

Shares of Dewan Housing Finance Corp Ltd surge as much as 21.2 per cent.

06 Mar 2019 10:22 AM

The papers remain on watch with negative implications, ICRA added. (Photo: File)

Dewan Housing shares fall sharply after ICRA downgrade

ICRA downgraded its rating on Dewan Housing’s 80 billion rupees.

26 Feb 2019 11:24 AM

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL yet to decide on stake sale

Earlier this month, the home loan provider said it was keen to sell assets and some of its businesses to improve liquidity.

18 Feb 2019 2:42 PM

Company shares tumbled up to 42 per cent on massive selling over fears of a liquidity crisis.

Crisil retains rating on Rs 15,000 crore commercial paper of DHFL

Earlier this week, DHFL said it proposes to reduce exposure to CP as part of overall borrowing plan.

28 Sep 2018 11:57 AM

DHFL reiterated that the company has neither defaulted on any bonds or repayment of its financial obligations.

DHFL shares tumbles 23 per cent on profit-booking

The scrip of the company plunged 22.30 per cent to Rs 305.35 on BSE despite a positive opening.

25 Sep 2018 2:27 PM

Shares of DHFL bounced back sharply on Monday, surging 25 per cent after a massive selling spree on fears of a liquidity crisis on Friday.

DHFL shares bounce back, rally 25 per cent

The stock, after a positive opening, further jumped 24.80 per cent to Rs 438.75 on BSE.

24 Sep 2018 12:30 PM

Company said ICRA has re-affirmed its credit ratings for its commercial paper of Rs 15,000 crore.

DHFL says Care reaffirms ratings on debt, other instruments

DHFL's market valuation tumbled Rs 8,120.41 crore to Rs 11,031.59 crore on BSE.

22 Sep 2018 6:19 PM

The 30-share index on Friday plunged 279.62 points or 0.75 per cent to end at 36,841.60, despite firm global clues and recovery of rupee. Nifty also fell 91.25 points or 0.81 per cent to end at 11,143.10.

Sensex ends 280 pts lower at 36,841 after 1,000-pts intra-day drop

In afternoon trade on Friday, Sensex slipped above 1,000 points and recovered 900 points swiftly.

21 Sep 2018 4:15 PM

The company said it will list the NCDs on NSE and BSE.

DHFL raises nearly Rs 11,000 crore via bonds

DHFL stock was trading 0.72 per cent down at Rs 606.20 on BSE in the afternoon.

04 Jun 2018 2:37 PM

The government's recent decision to provide interest rate relief to home buyers and to those who wish to plan a home in 2017.

DHFL cuts home loan rates by 0.5 per cent

Reduction rates on home loan for various maturities will vary from 8.60 per cent to 9.10 per cent.

05 Jan 2017 9:37 AM

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