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Latest Articles in NBFC

DHFL: All You Need To Know About Cobrapost Allegation, DHFL's Response, Stock Prices

Terming it India’s biggest financial scam, the investigative news portal Cobrapost, on Tuesday, 29 January, claimed that the primary promoters of Dewan Housing Finance Corporation Limited (DHFL) have been found to have siphoned off more than Rs 31,000 crore of public funds. DHFL denies Cobrapost allegations, calls report mischief with mala fide intent. Yashwant Sinha demands probe into fund diversion by DHFL.

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IL&FS Appoints Retired IAS Official Bijay Kumar As Deputy MD

The debt-laden company also appointed N Srinivasan as a non-executive director

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IL&FS Gets More Than A Dozen Expressions Of Interest To Buy Stakes In Two Units

IL&FS, a major infrastructure financing and development company, earlier this month started work on plans to sell off assets, part of a wider restructuring of the group after it defaulted on some of its debt

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RevFin Gets RBI Approval To Acquire NBFC

For RevFin, this acquisition is a step forward towards helping people fulfills their dreams and aspirations by providing them access to credit

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SBI Steps In To Rescue Cash Strapped NBFCs, To Buy Good Assets Worth Rs 45,000cr

Coming to the rescue of cash-strapped NBFCs, State Bank of India Tuesday decided to buy their assets to the tune of Rs 45,000 crore, a move that will provide liquidity support to non-banking financing companies facing headwinds after a series of loan defaults by IL&FS group firms.

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Rating Agencies Re-Affirm Highest Ratings For DHFL

In a media release yesterday, DHFL (Dewan Housing Finance Limited) announced that ICRA Limited, one of the country’s leading credit rating agencies, has reaffirmed its A1+ rating on its commercial paper program. This announcement comes in the wake of Friday’s baffling selloff in the housing finance bellwether, which saw its stock tumbling by over 42%. “A1+” is the highest possible credit rating that any issuer can achieve on its short-term borrowings.

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DHFL Stock Swing: Should You Buy Or Sell?

Friday, 21st September 2018, was dramatic in the Indian stock market. The BSE Sensex, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03 per cent, to hit a low of 35,993.64 in afternoon trade, before staging an equally sharp recovery within minutes. It finally closed at 36,841.60, down 279.62 points. Shares of housing finance firms slumped, with Dewan Housing Finance tumbling up to 42 per cent on fears of a liquidity crisis. Reports of debt defaults by IL&FS also sparked concerns, which spilled over into other NBFC counters. Our Analysis.

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COCO by DHFL General Insurance Takes On Gender Stereotypes With Maiden Brand Film

COCO by DHFL General Insurance has launched its first digital-only campaign #CareMoreHaveMore for its retail two-wheeler policy – COCORide, a unique comprehensive insurance policy offering a bouquet of options and additional covers that can be customized to suit one’s exact needs. The digital campaign focuses on two key aspects – women empowerment and protection for one’s loved ones and prized possessions.

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LIC Housing Fin To Provide Loan At Concessional Rate To Flood - Hit Victims In Kerala

LIC Housing Finance will offer loans up to Rs 15 lakh at concessional rate of 8.5 per cent to customers in flood affected areas of Kerala.

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DHFL Quarterly Result: Net Profit Increased By 35% To INR 435.0 Crore; NPA Stood At 0.93%.

DHFL, one of India's leading housing finance company, today announced its Q1 results for the first quarter ended June 30, 2018. The company registered a net profit growth of 35% to INR 435.0 crore for the quarter ended June 30, 2018. Assets Under Management (AUM) grew by 37% year-on-year, reaching INR 1,20,939.5 crore from INR 88,235.7 crore as on June 30, 2018.

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DHFL’s Maiden Masala Bonds Market Open Ceremony At London Stock Exchange

DHFL, the flagship Company of Wadhawan Global Capital (WGC), today opens London’s trading to celebrate the company’s first Masala bond on London Stock Exchange Group’s (LSEG) International Securities Market (ISM). This offering is part of a $2bn MTN Programme DHFL listed on London Stock Exchange earlier in the year. DHFL’s maiden masala bonds issue witnessed an overwhelming response from high quality investors across Europe and Asia. The tremendous opportunity provided by the Affordable Housing Finance sector in India and DHFL’s AAA domestic credit rating were the primary reasons for the strong demand in the overseas market. The masala bonds was issued at the rate of 8.50% p.a payable half yearly.

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Vistaar Finance Forays Into Manufacturing Segment

In alignment with the 'Make in India' efforts of the government, the product aims to provide working capital funding to manufacturers and their vendors in competitive pricing and faster turnaround time

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Reliance Capital: Financial Powerhouse

With the winding down of a major part of the non-core businesses by FY18, Reliance Capital will help free up capital and allocate it to the areas that need it the most

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Essel Finance's NBFC Arm To Buy Intec's Rs 272 Crore Portfolio

Intec Capital is currently engaged in the business of providing loans for acquisition of machinery, loans against collateral and loans for business functioning

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Credit Policy: No Second Guessing Here

The Central Banker’s tough stance on inflation lays to rest the questions on its autonomy, writes Clifford Alvares

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