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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.

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 IST

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.

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RBI superseded DHFL's board and placed company under an administrator in the wake of governance issues and severe...

22 Nov 2019 3:02 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC case: 'Depositors can approach RBI admin for emergency...

The apex bank also stated that a largescale wrongdoing has been found in the PMC bank.

19 Nov 2019 4:19 PM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

NBFCs with Rs 500 cr assets can go for insolvency resolution

On Friday, the ministry notified the framework for dealing with systemically important FSPs, excluding banks.

19 Nov 2019 9:35 AM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

'RBI to cut rates by 40 bps by Feb despite high inflation'

GDP growth plummeted to a six-year low of 5 per cent for the June quarter and is expected to come lower for the...

14 Nov 2019 4:04 PM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI becomes net buyer of dollars in Sept, bought USD 5.61 billion

RBI purchased USD 6.514 billion and sold USD 900 million in the spot market, according to a recent RBI data.

13 Nov 2019 9:33 AM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

India's GDP likely to grow 5 per cent this fiscal: SBI report

India is also significantly lower in Economic Uncertainty Index when compared globally

12 Nov 2019 5:08 PM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI raises limit for borrowing from microfinance institutions

The limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.

8 Nov 2019 8:28 PM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.

India's inflation probably breached RBI target last month: report

Vegetable prices, particularly that of onions and tomatoes, will contribute significantly to the rise in inflation.

8 Nov 2019 11:00 AM IST

Shaktikanta Das

Closely monitoring situation at PMC Bank; forensic audit underway: Das

The apex bank enhanced the cash withdrawal limit to Rs 50,000 per account.

7 Nov 2019 3:47 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC depositors gather outside RBI Delhi, demand assurance from central...

On Tuesday, the RBI increased the withdrawal limit from the bank's customers to Rs 50,000.

6 Nov 2019 3:44 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

Withdrawal limit for PMC Bank depositors raised to Rs 50,000

With the above relaxation, more than 78 per cent of the depositors of the bank will be able to withdraw their entire...

5 Nov 2019 6:30 PM IST