RBI

Don't extend loan moratorium: HDFC Ltd Chairman Deepak Parekh urged RBI Governor Shaktikanta Das

Don’t extend loan moratorium: HDFC Chairman to RBI guv

6:20 pm July 27, 2020

New Delhi: Noted banker and HDFC Ltd Chairman Deepak Parekh on Monday urged RBI Governor Shaktikanta Das not to extend moratorium on repayment of loans as many entities who are capable to repay are taking undue advantage of the scheme and this is hurting the financial sector, especially NBFCs. The six-month moratorium on repayment of […]

DHFL defaults on NCD repayments of Rs 50 cr; says can’t pay due to moratorium restrictions

3:28 pm July 5, 2020

New Delhi: DHFL has defaulted on payment of Rs 50 crore on bonds, saying the company is not in a position to make payments to the lenders as it is under moratorium since last November. The payment has not been made by the company to the respective investors of the secured NCDs (non-convertible debentures) for a principal […]

Moody’s places Yes Bank’s ratings under review; direction uncertain

12:24 pm January 17, 2020

New Delhi: Moody’s Investors Service has placed Yes Bank’s long-term foreign currency issuer rating of B2 under review, with the direction uncertain, citing “slowness in raising new capital”. “The placing of Yes Bank’s deposit rating of B2 under review reflects Moody’s expectation that the bank’s standalone viability is getting increasingly challenged by its slowness in […]

50 Shahberi homebuyers to stop paying bank loan EMIs

11:17 pm January 8, 2020

Noida (UP): Around 50 homebuyers in Greater Noida’s Shahberi area have decided to stop paying their monthly installments on bank loans over legality of construction of their flats. These homebuyers had in December 2018 written to RBI, Union Finance Ministry National Housing Board (NHB), Uttar Pradesh government and CBI, among others, urging them to intervene […]

Nirav Modi faces suicide risk, politically biased trial in India, UK court told

Mallya, Nirav Modi faced court heat; relief for Ajit Pawar

4:02 pm December 26, 2019

Mumbai: The multi-crore PMC Bank scam and a clutch of ongoing high-profile fraud cases kept courts in Mumbai busy in 2019 as beleaguered businessmen Vijay Mallya and Nirav Modi faced the heat from judiciary which adjudicated on a number of important matters during the year. Courts cracked the whip on Mallya and Nirav Modi – […]