Lenders from the Dewan Housing Finance Corporation (DHFL) voted overwhelmingly in favor of the resolution plan presented by the Piramal group on Friday, paving the way for a radical turnaround for the bankrupt company. While Piramal’s offer received 94 percent of the votes, the US-based Oaktree Capital plan garnered just …
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[ad_1] The finance ministry has sent a draft circular to banks detailing the implementation of automatic unsecured loans for companies, including micro, small and medium-sized companies, according to a senior banker familiar with the matter. The scheme was announced as part of the ₹20 trillion packages of Atmanirbhar Bharat Abhiyan …
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[ad_1] Finance Minister Nirmala Sitharaman announced measures worth Rs 75 billion for non-bank, mortgage lenders and microfinance financed by the lack of liquidity as part of the government’s economic rescue package. The government has allocated Rs 30 billion to buy investment grade debt from non-bank financial companies (NBFC), home finance …
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