A year after it became the first finance company to undergo insolvency proceedings, Dewan Housing Finance Corp. Ltd. (DHFL) is finally moving slowly toward closure with Piramal Enterprises being voted the winner by the creditors’ committee. Certainly, the resolution is not set in stone since the losing bidders have the …
Read More »The government seeks the go-ahead from Parliament to infuse Rs 20 billion into PSBs through recap bonds
The Union Finance Ministry on Monday requested Parliament’s approval to infuse ₹20,000 crore in public sector banks (PSB) through recapitalization bonds. The step becomes important as the infusion of capital will offer support to state lenders to handle the country’s deepening Covid-19 crisis, which has put borrowers under pressure, increasing …
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