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RBI fast-tracks DHFL resolution, appoints advisory panel

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 three-member panel which will advise the administrator of DHFL, an official statement said.

Saving money for an emergency through liquid funds

Have you ever thought of getting reasonable returns without compromising too much on how quickly we could get our hands on the cash? Financial planners recom...

Will DHFL depositors get their money back?

The deposit holders with overall exposure of Rs 6,000 crore are at risk of losing their savings.

Supreme Court upholds NCLAT order against encashing IL&FS’ guarantees

Maharashtra Metro Rail Corp had approached the top court seeking to encash bank guarantees after IL&FS Engineering & Construction Co failed to fulfil its contracts. However, the apex court has upheald the NCLAT order dated October 15, 2018 disallowing any such move. SBI alone has given bank guarantees worth around Rs 700 crore on behalf of IL&FS companies.

Lenders may ask RBI to refer DHFL to insolvency

A referral to the NCLT, which will happen after the RBI informs the government and a notification is issued, will help ease DHFL’s troubles that began in September 2018 with the credit crunch caused by the collapse of IL&FS.

Bihar has untapped export potential of USD 900 million: Exim Bank study

The report also said that the merchandise exports from the eastern state in 2017-18 were valued at USD 1.35 billion which was a "remarkable improvement" over the USD 0.4 billion of exports recorded during 2012-13.

Personal guarantees may aid bad loan resolution

In a notification on November 15, the ministry of corporate affairs (MCA) included personal guarantees on corporate loans under the bankruptcy code effective from December 1. The promoters who have given personal guarantees include Jet Airways founder Naresh Goyal & The Ruia family which just last week lost its Rs 42,000 crore battle to keep Essar Steel.

HDFC Ultra Short Term Fund

How often do we come across our friends/ relatives who have planned a vacation or other similar short term financial goal over the next 5-6 months but end up...

HDFC Banking and PSU Debt Fund

HDFC Banking & PSU Debt Fund “the Scheme” , with an AUM of Rs. 3,888 Cr as of 31st October 2019 focuses on generating income/capital appreciation by investi...

How Dancing Uncle helped Rahul find Peace!

Rahul, 22, was at lunch with his friends. The conversation was intense- with long hours at work, how does one balance work and life? So how does one do somet...

IBC may have to be tweaked: SBI, government plan priority status for real estate AIF

IBC may have to be tweaked: SBI, government plan priority status for real estate AIF

India’s largest lender SBI and its arm SBI Capital Markets, which is playing a key role in setting up the fund, have started reaching out to other banks and financial institutions to participate in the AIF — a regulatory parlance for privately pooled vehicles such as venture capital, private equity, and real estate funds. A bank can invest up to 10% of the corpus of an AIF.

LIC Housing eyes to disburse Rs 55,000 crore in FY 19-20

LIC Housing eyes to disburse Rs 55,000 crore in FY 19-20

LIC Housing Finance Ltd has set a target of disbursing Rs 55,000 crore worth loans during the current financial year, a top official said on Saturday.

Delhi police accuse allied MD Awanish Mishra of forgery in Dalmia MF case

Delhi police accuse allied MD Awanish Mishra of forgery in Dalmia MF case

In a chargesheet filed by the EOW in the Chief Metropolitan Magistrate court in Karkardooma in Delhi on Monday, the police said it found evidence of alteration and uploading wrong credentials with the NSDL system and transferring of MF units of Dalmia Cement) through forged signatures of the authorised signatories.

Importance of a Financial Planner

Importance of a Financial Planner

Financial planning helps you determine your short and long-term financial goals and create a balanced plan to meet those goals. The first step in developing ...

Helpline fraud: Why an online search may be the best way to lose money

Helpline fraud: Why an online search may be the best way to lose money

It happens when consumers seeking a solution to a problem do a Google search and call up any helpline number that it throws up; most do not bother to look up the organisation’s website or the papers they may hold to locate the official phone numbers. Mumbai resident Ruchira Damia lost Rs 40,000 when she tried to contact an HP Gas agency.

Three months after govt’s guarantee scheme, NBFCs still awaiting funds

Three months after govt’s guarantee scheme, NBFCs still awaiting funds

Lack of clarity on whether to treat the transactions between the banks and NBFCs as ‘securitisation’ deals or as ‘pass-through certificates’ (PTC) is also impeding any movement, given that these have accounting implications. While ‘securitisation’ allows the entire profit to be booked upfront, in a PTC the profits must be booked over the tenor of the loan.

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