Business Tit-Bits: ILFS, DHFL, PMC, KARVY……
India’s banks and NBFCs have been found to be infected with giant frauds and misuse of funds, such that the banking system continues to be...
Tag : DHFL
Business Tit-Bits: Why were banks eager to takeover DHFL?
The unfolding tale of DHFL is sordid, murky, criminal and shocking, to state the least. It has all the ingredients of a Bollywood crime thriller,...
Why were banks eager to takeover DHFL?
The now imminent collapse of DHFL presents a huge systemic threat to the NBFC sector of India and raises questions about the larger picture involved...
Headlines: DHFL on ED’s radar, raids 12 premises in Iqbal Mirchi case
The Enforcement Directorate conducted raids on 12 locations of Dewan Housing Finance Corporation Limited (DHFL) and related companies on Saturday. The action was taken in...
In latest action, ED raids 12 premises of DHFL
The ED suspects that this amount was transferred to the account of Mirchi and his associates through Sunblink. DHFL has denied the allegations. The...
Business Headlines: Will Yes Bank become the next PMC?
The country’s fourth largest private lender Yes Bank is in the midst of a crisis. It is staring at a crisis of both trust and...
HW Exclusive: PNB, ILFS, now PMC- How RBI is failing India
With the five page confession letter dt. 21.09.19 to the RBI of Joy Thomas, the former MD of the crisis ridden PMC Coop. Bank, out...
Business Headlines: Sharad Pawar and the PMC Bank episode
Co-operative banks have a different strucuture from private and public sector banks which make them suseptible to mis-management by political parties. We tell you how...
Business Tit-Bits: Those who got away
The banks woes continue not just because no worthy corporates are borrowing afresh, but moreso because while the existing NPAs are not getting resolved, there...
Those who got away
“The banks’ woes continue not just because no worthy corporates are borrowing afresh, but moreso because there are new ones further emerging on the horizon”...