Shares of housing finance firms crash sharply; DHFL tumbles 42% on massive selling over fears of a liquidity crisis
6 years, 3 months ago

Shares of housing finance firms crash sharply; DHFL tumbles 42% on massive selling over fears of a liquidity crisis

Firstpost  

New Delhi: Shares of housing finance firms came crashing sharply Friday, with Dewan Housing Finance tumbling up to 42 percent on massive selling over fears of a liquidity crisis, which had a cascading effect on the broader market as well. The scrip of Dewan Housing Finance Corporation went into a tailspin, nosediving 42.43 percent to end at Rs 351.55 on BSE. Among others, shares of Indiabulls Housing Finance plunged 8.18 percent, Can Fin Homes dived 5.70 percent, LIC Housing Finance 5.05 percent and PNB Housing Finance 4.92 percent. Shares of non-banking finance firms also took a beating with Bajaj Finance falling 4.58 percent, Edelweiss Financial Services 3.15 percent and Shriram Transport Finance Company 2.47 percent.

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History of this topic

Investors’ wealth erodes by ₹9.65 lakh cr in four days of market sell-off
3 weeks, 6 days ago

Investors’ wealth erodes by ₹9.65 lakh cr in four days of market sell-off

Live Mint  

New Delhi, Investors' wealth eroded by ₹9.65 lakh crore in four days of sharp decline in the equity market where the BSE benchmark Sensex tanked 2,915 points. In the past four days, the BSE benchmark slumped 2,915.07 points or 3.54 per cent. Falling for the fourth day running on Thursday, the 30-share BSE benchmark Sensex tanked 964.15 points or 1.20 …

Markets slump over 1% amid widespread selloff; Sensex sinks below 81k
4 weeks, 1 day ago

Markets slump over 1% amid widespread selloff; Sensex sinks below 81k

The Hindu  

Equity benchmark indices Sensex and Nifty slumped over 1% on Tuesday, weighed down by an across-the-board selloff amid cautious investors’ approach ahead of the U.S. Fed interest rate decision. Falling for the second day in a row, the 30-share BSE benchmark Sensex tanked 1,064.12 points or 1.30% to settle at 80,684.45. Bharti Airtel, IndusInd Bank, JSW Steel, Tata Consultancy Services, …

Explained: Why Bajaj Housing Finance shares fell 5% in early trade
1 month ago

Explained: Why Bajaj Housing Finance shares fell 5% in early trade

India Today  

Shares of Bajaj Housing Finance fell nearly 5% in early trade on Thursday. The shares of Bajaj Housing Finance are currently trading at Rs 141, which is over 100% above their issue price of Rs 70. The one-month lock-in period for anchor investors of the Bajaj group’s housing finance arm ended on October 6, making 2% of the equity available …

Shriram Finance exits housing finance biz, sells 85% stake to Warbug Pincus for ₹3,929 crore
1 month ago

Shriram Finance exits housing finance biz, sells 85% stake to Warbug Pincus for ₹3,929 crore

Live Mint  

Shriram Finance Ltd. completed the sale of its housing finance subsidiary to Warburg Pincus affiliate on Wednesday, December 11, for ₹3,929 crore. According to the company's statement, Shriram Housing Finance Limited has contributed significantly to the promoter group's financial inclusion by focusing on the housing needs of the underserved segments. "The sale of Shriram Finance's stake in Shriram Housing Finance …

Can Fin Homes shares in focus as will trades ex-date for ₹6 per share dividend
1 month, 1 week ago

Can Fin Homes shares in focus as will trades ex-date for ₹6 per share dividend

Live Mint  

Stock Market Today: Can Fin Homes shares remains in focus as will trade ex dividend today. The board of directors of the company has already declared an interim dividend of ₹6 per share, which is payable in the financial year 2024-25. Dividend details The Can FIn Homes Board of Directors at their meeting held on on Tuesday, November 26, 2024, …

Morgan Stanley, 2 others pick 6.8% stake in PNB Housing Finance via open market transaction for ₹1,664 crore
2 months ago

Morgan Stanley, 2 others pick 6.8% stake in PNB Housing Finance via open market transaction for ₹1,664 crore

Live Mint  

PNB Housing Finance bulk deal: Morgan Stanley, Societe Generale and another entity on Wednesday, November 13, picked up a total of 1.77 crore, or 6.82 per cent stake, of PNB Housing Finance through open market transactions worth ₹1,664 crore. According to bulk deal data on NSE, Morgan Stanley, through its arm, Morgan Stanley Asia Singapore, purchased over 1.42 crore shares, …

Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag
3 months, 2 weeks ago

Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag

The Hindu  

Benchmark indices Sensex and Nifty edged lower on Tuesday, extending the losing run to the third day amid profit-taking in oil & gas and select FMCG shares. Foreign Institutional Investors offloaded equities worth ₹9,791.93 crore on Monday, while Domestic Institutional Investors bought equities worth ₹6,645.80 crore, according to exchange data. India’s manufacturing sector growth fell to an eight-month low in …

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why
7 months ago

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why

Business Standard  

Shares of housing finance companies mainly mid and small-sized were in focus and rallied up to 11 per cent in Tuesday’s intra-day trade after the Union Cabinet approved a government aid for constructing 30 million houses under the Pradhan Mantri Awas Yojana. Home First Finance Company, Aavas Financiers, GIC Housing Finance and Housing & Urban Development Corporation rallied over 7 …

Investors become richer by ₹13.22 lakh crore as markets bounce back after rout
7 months, 1 week ago

Investors become richer by ₹13.22 lakh crore as markets bounce back after rout

The Hindu  

A day after facing massive erosion from their wealth, equity investors became richer by ₹13.22 lakh crore on June 5 with markets making a strong comeback. In line with optimism returning at the Dalal Street, the market capitalisation of BSE-listed companies jumped ₹13,22,847.05 crore to ₹4,08,06,552.32 crore on June 5. Tata Steel, Mahindra & Mahindra, Bajaj Finance, Kotak Mahindra Bank, …

Stock market crash today: Investors lose ₹1.3 lakh crore, 1,926 stocks in red
7 months, 2 weeks ago

Stock market crash today: Investors lose ₹1.3 lakh crore, 1,926 stocks in red

Hindustan Times  

Stock market crash today: Benchmark equity indices declined today continuing to fall for the fourth consecutive day ahead of the Lok Sabha election results as investors remained cautious amid weak cues from Asian markets. The 30-share BSE Sensex declined 416.1 points to drop below the 75,000-mark to 74,754.35 while NSE Nifty dropped 125.9 points to 22,762.25. Stock market crash: The …

Stock market crash: Investors lose ₹5.5 lakh crore as Sensex, Nifty fall today
8 months, 1 week ago

Stock market crash: Investors lose ₹5.5 lakh crore as Sensex, Nifty fall today

Hindustan Times  

Stock market crash today: Sensex fell almost 600 points to 73,294 as it witnessed sell offs. Stock market crash today: A man walks past the bull statue at BSE building in Mumbai. PowerGrid, JSW Steel, Tata Steel, NTPC, IndusInd Bank, HCL Tech, Tata Motors, M&M, ICICI Bank, Titan and Axis Bank led the losses on Sensex while over 160 stocks …

Stock market bloodbath wipes off ₹4.59 lakh crore of investors' wealth
11 months, 4 weeks ago

Stock market bloodbath wipes off ₹4.59 lakh crore of investors' wealth

Hindustan Times  

The Bombay Stock Exchange benchmark Sensex's 1,628 point crash on Wednesday wiped out ₹4.59 lakh crore from investors' wealth, PTI reported. India's stock market valuations are also expensively valued compared to other global stock indices and investors would wait for more positive cues now to extend their equity exposure,” Prashanth Tapse, senior vice-president, Mehta Equities Ltd., told PTI. "There are …

India Shelter Finance shares in red after decent debut on stock exchanges
1 year ago

India Shelter Finance shares in red after decent debut on stock exchanges

Hindustan Times  

The shares of India Shelter Finance Corporation made a decent debut on the stock market, opening at ₹625 before dropping to ₹564.70, a fall by 7.80 per cent. The initial public offering of the housing finance company was subscribed 36.62 times on the last day of the offer last Friday. India Shelters Finance Corporation said that the funds raised from …

The top five midcap stocks that LIC holds
1 year, 1 month ago

The top five midcap stocks that LIC holds

Live Mint  

Midcap stocks have outperformed the benchmark indices in 2023. LIC Housing Finance stock price View Full Image Source: Ace Equity #2 Rajesh Exports Rajesh Exports is a gold refiner, manufacturer and exporter of gold products. Rajesh Exports stock price View Full Image Source: Ace Equity The main reason for this could be the company not disclosing its cash-flow statement to …

Before Market Opens: 9 things to know at 9 am on October 27 2023
1 year, 2 months ago

Before Market Opens: 9 things to know at 9 am on October 27 2023

Live Mint  

Before Market Opens: 9 things to know at 9 am on October 27 2023 9 Photos. Let's take a look at some key cues before market opening: 1/9Wall Street closed lower on Thursday, dragged by tech and tech-adjacent megacap shares as investors digested a slew of mixed quarterly earnings and signs of economic resiliency that could encourage the Federal Reserve …

PNB Housing share price falls 1% post Q2 results; here’s what experts say
1 year, 2 months ago

PNB Housing share price falls 1% post Q2 results; here’s what experts say

Live Mint  

PNB Housing Finance share price today: PNB Housing Finance share price fell 0.91 per cent to close at ₹711.75 on BSE on Wednesday, October 25, following the company's September quarter result. PNB Housing Finance share price hit its 52-week high of ₹784.40 on October 19 this year and its 52-week low of ₹340.68 on November 21 last year. PNB Housing …

Explained: Why did the Indian stock market plunge today?
1 year, 2 months ago

Explained: Why did the Indian stock market plunge today?

Hindustan Times  

Indian equity markets suffered significant losses on Monday as both, the 30-share BSE Sensex and 50-share NSE Nifty, plunged by over 1.25%. 1- Rising tensions in the Middle East Market experts have attributed the significant fall in Sensex and Nifty to multiple factors, but have agreed that it was primarily due to the rising geopolitical tensions in the Middle East …

Markets Mojo picks LIC Housing as ‘stock of the month’ for October; 6 reasons why
1 year, 2 months ago

Markets Mojo picks LIC Housing as ‘stock of the month’ for October; 6 reasons why

Live Mint  

After an over 41 percent surge between April and September, brokerage house Markets Mojo picked LIC Housing Finance as its top pick for the month of October. The management indicated that loan book growth could be at 12-15 percent in the current financial year as against 9 percent of FY2023, noted the brokerage. NIM: Despite LIC Housing Finance seeing its …

Investors\' wealth plunges Rs 10.42 lakh crore in 7 trading sessions
1 year, 10 months ago

Investors\' wealth plunges Rs 10.42 lakh crore in 7 trading sessions

Deccan Chronicle  

New Delhi: Seven consecutive sessions of decline in the equity market has eroded the wealth of investors by a whopping Rs 10.42 lakh crore and the benchmark Sensex has tumbled more than 2,000 points during this period. On Monday, the BSE Sensex dropped 175.58 points or 0.30 per cent to end at 59,288.35 points, marking a decline for seven straight …

3-days selloff in Indian equities erode over ₹4.90 lakh cr of investors’ wealth
2 years ago

3-days selloff in Indian equities erode over ₹4.90 lakh cr of investors’ wealth

Live Mint  

With markets sliding down for three consecutive days on Friday, over ₹4.90 lakh crore of investors' wealth has been eroded. As per BSE data, the listed companies' market cap stood at over ₹279.75 lakh crore by end of January 6th. On January 5th, the market cap of BSE-listed firms was at over ₹281.95 lakh crore. This week, the market cap …

Multibagger stock of 2022: HFC jumps 85% in YTD after 900% rally in 7 years
2 years, 5 months ago

Multibagger stock of 2022: HFC jumps 85% in YTD after 900% rally in 7 years

Live Mint  

Multibagger stock of 2022: Despite heavy sell-off on Dalal Street after outbreak of the Russia-Ukraine war, Indian stock market has managed to produce a good number of multibagger stocks and some stocks are in the cue to enter the big boys' club. In year to date time, shares of this housing finance company have surged from around ₹87 to ₹160 …

Bloodbath on Dalal Street: Investors' Rs 6.65 lakh crore wiped out as Sensex, Nifty crash more than 2.5% each
2 years, 7 months ago

Bloodbath on Dalal Street: Investors' Rs 6.65 lakh crore wiped out as Sensex, Nifty crash more than 2.5% each

India TV News  

The sharp fall in Sensex and Nifty on Monday amid a huge selloff in the global equities saw domestic investors losing more than Rs 6.50 lakh crore. According to BSE data, the market capitalisation of all listed companies fell by Rs 6.74 lakh crore to Rs 245.10 lakh crore from Rs 251.84 lakh crore on Friday. Bajaj Finserv tumbled 6 …

Share market update: Investors lose Rs 26 lakh crore wealth | Here's why
2 years, 8 months ago

Share market update: Investors lose Rs 26 lakh crore wealth | Here's why

India Today  

The Sensex and Nifty rebounded on Friday but investors have lost around Rs 26 lakh crore in just two weeks. RS 26 LAKH CRORE LOSS The market cap of BSE-listed firms stood at Rs 266.97 lakh crore on April 29 this year. The amount has sharply fallen to Rs 241.13 lakh crore on May 12, translating into a loss of …

An analysis of top Housing Finance Companies in India
2 years, 9 months ago

An analysis of top Housing Finance Companies in India

Live Mint  

The Indian housing finance market witnessed a decent rise in home loan outstanding of 16% from fiscal 2015 to 2020. Profitability 2021 2020 2019 2018 ROCE 8.05 10.2 9.56 8.96 ROE 9.67 14.48 10.12 9.51 ROA 1.74 2.46 1.66 1.38 EBIT Margin 33.44 46.87 45.94 43.65 Net Margin 9.75 15.20 10.59 8.99 Cash Profit Margin 10.01 15.44 10.72 9.17 During …

DHFL Q4 results: Firm back in black, posts ₹96.75 cr profit
3 years, 7 months ago

DHFL Q4 results: Firm back in black, posts ₹96.75 cr profit

Live Mint  

Dewan Housing Finance Corporation Limited has reported a consolidated net profit of ₹96.75 crore for the quarter ended March 31, 2021. The housing finance company had posted a consolidated loss of ₹7,507.01 crore in the corresponding quarter of the previous fiscal. For the complete quarter ended March 31, 2021, the housing finance company saw its consolidated net loss widen to …

Indiabulls Housing Finance book shrinks more as asset quality fixes continue
3 years, 11 months ago

Indiabulls Housing Finance book shrinks more as asset quality fixes continue

Live Mint  

Indiabulls Housing Finance Ltd has been shedding its troubled wholesale loan book and continued to do so even in the December quarter. Indiabulls Housing Finance plans to halve its wholesale book in the next one year. Even so, shares have grossly underperformed the broad market and peers such as HDFC Ltd. One reason is the shadow upon the company’s liquidity …

Will Markets Respond Well to Budget 2021 After Losing Almost Rs 10,000 cr Last Week?
3 years, 11 months ago

Will Markets Respond Well to Budget 2021 After Losing Almost Rs 10,000 cr Last Week?

News 18  

Ahead of Union Budget 201, the market witnessed continuous selling throughout the truncated week ended January 29 amid volatility due to monthly expiry, FII selling, and weak global markets. The BSE Large-cap Index slipped 5 percent dragged by the Piramal Enterprises, Maruti Suzuki India, Tata Motors, and Dr. Reddy’s Laboratories, while Grasim Industries, Axis Bank, Cipla, and Sun Pharmaceutical Industries …

Investor Wealth Tanks Rs 2.24 Lakh Crore as Markets Tumble After 3-day Rally
4 years, 1 month ago

Investor Wealth Tanks Rs 2.24 Lakh Crore as Markets Tumble After 3-day Rally

News 18  

Investors' wealth declined by Rs 2,24,978.33 crore on Wednesday as equity markets tumbled from record highs on profit-booking. Snapping a three-session winning streak, the 30-share BSE Sensex ended 694.92 points or 1.56 per cent lower at 43,828.10. "After posting a strong rally in last few sessions, market turned negative from all-time high levels in today's session and ended 1.5 per …

Investors' wealth plunges by Rs 2 lakh cr to Rs 121.74 lakh cr as stock markets snapped a two-day rally
4 years, 8 months ago

Investors' wealth plunges by Rs 2 lakh cr to Rs 121.74 lakh cr as stock markets snapped a two-day rally

Firstpost  

Investor wealth on Friday fell by Rs 2,00,006.26 crore as markets snapped a two-day rally, with the BSE benchmark tumbling 536 points New Delhi: Investor wealth on Friday fell by Rs 2,00,006.26 crore as markets snapped a two-day rally, with the BSE benchmark tumbling 536 points. “On the domestic front, Franklin Templeton Mutual Fund announced winding up of six debt …

Coronavirus melts stock markets; investors' wealth plummets over Rs 10 lakh crore in first hour of trade
4 years, 9 months ago

Coronavirus melts stock markets; investors' wealth plummets over Rs 10 lakh crore in first hour of trade

Firstpost  

Investor wealth plummeted by over Rs 10 lakh crore in the first hour of trade on Monday as the equity markets went into a tailspin and sank 10 percent New Delhi: Investor wealth plummeted by over Rs 10 lakh crore in the first hour of trade on Monday as the equity markets went into a tailspin and sank 10 percent. …

Investors' wealth tumbles Rs 9.74 lakh crore in two days of stock market plunge on coronavirus scare
4 years, 9 months ago

Investors' wealth tumbles Rs 9.74 lakh crore in two days of stock market plunge on coronavirus scare

Firstpost  

Investor wealth dropped by Rs 9.74 lakh crore in two days of market fall this week triggered by weak global trends and fears of coronavirus hitting the overall economy Investors’ wealth dropped by Rs 9.74 lakh crore in two days of market fall this week triggered by weak global trends and fears of coronavirus hitting the overall economy. In two …

Investors poorer by Rs 7.62 lakh crore as Sensex plunges over 2,700 points on coronavirus fears
4 years, 9 months ago

Investors poorer by Rs 7.62 lakh crore as Sensex plunges over 2,700 points on coronavirus fears

Firstpost  

Investors’ wealth eroded by Rs 7.62 lakh crore on Monday as markets witnessed yet another sharp fall, with the Sensex plunging 2,713.41 points as coronavirus scare continued to hit market sentiment New Delhi: Investors’ wealth eroded by Rs 7.62 lakh crore on Monday as markets witnessed yet another sharp fall, with the Sensex plunging 2,713.41 points as coronavirus scare continued …

Market mayhem wipes off over Rs 11 lakh cr investor wealth amid global equity selloff on coronavirus scare
4 years, 10 months ago

Market mayhem wipes off over Rs 11 lakh cr investor wealth amid global equity selloff on coronavirus scare

Firstpost  

Investor wealth worth over Rs 11 lakh crore was wiped off on Thursday as stocks crashed amid a global equity selloff after the World Health Organization declared the coronavirus outbreak a pandemic New Delhi: Investor wealth worth over Rs 11 lakh crore was wiped off on Thursday as stocks crashed amid a global equity selloff after the World Health Organization …

Nearly ₹5 lakh crore investor wealth wiped off in early trade as markets plunge
4 years, 10 months ago

Nearly ₹5 lakh crore investor wealth wiped off in early trade as markets plunge

The Hindu  

Investor wealth plummeted by nearly ₹5 lakh crore in early trade on March 9 as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. The carnage in the equity market wiped out investor wealth worth ₹4,79,820.87 crore, taking the total m-cap to ₹1,39,39,640.96 crore on the BSE. Traders said investor sentiments also …

Investors poorer by Rs 3.85 lakh crore in market selloff
4 years, 10 months ago

Investors poorer by Rs 3.85 lakh crore in market selloff

India TV News  

A sharp plunge in the equity market made investors poorer by Rs 3.85 lakh crore on Friday as the BSE barometer Sensex plummeted over 1,400 points led by massive selloff in banking, metal and energy stocks. In the opening trade, the 30-share BSE index plunged 1,459.52 points and was later trading over 900 points lower in afternoon session as sentiment …

Drop in borrowing costs shows India NBFC crisis may ease
4 years, 11 months ago

Drop in borrowing costs shows India NBFC crisis may ease

Live Mint  

Borrowing costs for India’s top-rated shadow financiers declined last month, indicating that the nation’s prolonged credit crisis may be seeing some improvement. Premiums that investors seek to buy AAA rated five-year bonds of non-bank lenders over government notes with similar maturities narrowed to a 16-month low in January, helping a gauge measuring bond spreads to strengthen. Supporting these financiers is …

Liquidity pressures faced by non-banking financial sector to continue amid weaker economic growth
5 years, 1 month ago

Liquidity pressures faced by non-banking financial sector to continue amid weaker economic growth

Firstpost  

Indian finance and leasing companies are likely to grow at a slower pace in 2020 than in prior years, amid weaker economic growth and liquidity constraints, it said. New Delhi: Liquidity pressures faced by the non-banking financial sector following the IL&FS failure are likely to continue though funding costs have come off the peak, Fitch Ratings said on Friday. “Liquidity …

Aadhar Housing Finance dumps small-builder portfolio
5 years, 1 month ago

Aadhar Housing Finance dumps small-builder portfolio

Live Mint  

Blackstone Group Inc.’s Indian subprime mortgage lender plans to exit its small builder financing business at a time when pain from the nation’s credit crunch abounds, with another victim claimed this week. “We are in process of phasing out this small builder loan portfolio to keep the company 100% retail focused as per mandate from new owners,” said Deo Shankar …

Property market set for modest lift from government measures: Analysts
5 years, 1 month ago

Property market set for modest lift from government measures: Analysts

Live Mint  

India's housing market, burdened with unfinished projects as developers struggle to get cash, is forecast to rebound modestly over the coming year on government plans to unclog the market, a Reuters poll of analysts found. Financing options, including banks and non-banking financial companies, have dried out and investors prefer commercial real estate," said Anuj Puri, chairman of ANAROCK Property Consultants, …

Home buyers flock to well-funded developers as slowdown swallows small firms
5 years, 2 months ago

Home buyers flock to well-funded developers as slowdown swallows small firms

Live Mint  

Indian home buyers are flocking to the nation’s well-funded publicly traded developers as risks of stalled and delayed housing projects mount at smaller players in the industry. While overall home sales remain weak, India’s top nine listed real estate companies saw sales jump 159% in the year ended March from 2017, when the slowdown began, Anarock Property Consultants said in …

Realty stocks jump up to 8.2% on Rs 25,000-cr fund booster to complete 1,600 stalled housing projects
5 years, 2 months ago

Realty stocks jump up to 8.2% on Rs 25,000-cr fund booster to complete 1,600 stalled housing projects

Firstpost  

New Delhi: Realty stocks closed up to 8.2 percent higher on Thursday after the government approved a Rs 25,000 crore fund for 1,600 stalled housing projects, which is expected to jumpstart consumption and give a boost to real estate and allied sectors. “On the domestic front, the measures announced by the Finance Minister yesterday helped revive interest in real estate …

Indiabulls Housing Finance shares plunge after merger setback
5 years, 3 months ago

Indiabulls Housing Finance shares plunge after merger setback

Live Mint  

Indiabulls Housing Finance Ltd. plunged on Thursday, as the rebuff to its plan to merge with Lakshmi Vilas Bank Ltd. put a dent in hopes that shadow lenders could use such combinations to get better access to liquidity. The Reserve Bank of India rejected the merger plan, Chennai-based Lakshmi Vilas said in an exchange filing late Wednesday, without disclosing the …

Shares of Indiabulls Housing Finance, Lakshmi Vilas Bank hit 52-week lows after RBI rejected their merger proposal
5 years, 3 months ago

Shares of Indiabulls Housing Finance, Lakshmi Vilas Bank hit 52-week lows after RBI rejected their merger proposal

Firstpost  

New Delhi: Shares of Indiabulls Housing Finance and Lakshmi Vilas Bank plummeted up to 20 percent on Thursday after the Reserve Bank of India rejected their merger proposal. Indiabulls Housing Finance stock tumbled 18.02 percent to trade at Rs 197 on the BSE. Shares of Lakshmi Vilas Bank sank 5 percent to hit lower price band as well as one-year …

NBFC stocks tumble, DHFL drops nearly 8%
5 years, 3 months ago

NBFC stocks tumble, DHFL drops nearly 8%

Live Mint  

Shares of non-banking financial companies, including DHFL, took a beating on Monday as investors continued to remain concerned about the liquidity crunch in the sector. Among others, stocks of Indiabulls Housing Finance, Indiabulls Ventures, Piramal Enterprises and Edelweiss Financial Services also closed in the red. Indiabulls Housing Finance stock too took a beating, shedding as much as 13.22% to touch …

DHFL shares plummet 20% amid concerns over exposure to HDIL, PMC Bank
5 years, 3 months ago

DHFL shares plummet 20% amid concerns over exposure to HDIL, PMC Bank

Firstpost  

New Delhi: Dewan Housing Finance Corporation Limited shares plummeted 20 percent on Tuesday amid concerns over its possible exposure to HDIL and Punjab & Maharashtra Co-operative Bank. Debt-laden housing financier DHFL on Tuesday said it has no exposure to HDIL and Punjab & Maharashtra Co-operative Bank and cautioned against misleading reports that can trigger panic. There have been speculations or …

FM Sitharaman gets private lenders on board in growth push
5 years, 3 months ago

FM Sitharaman gets private lenders on board in growth push

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman enlisted the support of private banks and non-bank lenders to boost credit disbursal and claimed consumer demand will pick up during the festive season. If anything, more liquidity is reaching them, they see demand waiting and they won’t mind further extending the facility,” Sitharaman said on Thursday after meeting top executives of private banks …

Indiabulls Housing Finance shares tank 10% amid reports of public interest litigation against company, promoters
5 years, 4 months ago

Indiabulls Housing Finance shares tank 10% amid reports of public interest litigation against company, promoters

Firstpost  

New Delhi: Shares of Indiabulls Housing Finance on Friday dropped nearly 10 percent amid reports that a public interest litigation has been filed against the company and its promoters. In a BSE filing, Indiabulls said it has come to its notice through media reports that a public interest litigation has been filed against Indiabulls Housing Finance and its promoters in …

Housing finance firms to get additional liquidity support of ₹20,000 cr
5 years, 4 months ago

Housing finance firms to get additional liquidity support of ₹20,000 cr

Hindustan Times  

The government on last Friday announced an additional ₹20,000-crore liquidity support to the struggling housing finance companies, a move aimed at enhancing their lending capacity. Announcing this as part of measures to prop up the economy, Finance Minister Nirmala Sitharman said now the liquidity support for HFCs would be ₹ 30,000 crore. Announcing this as part of measures to prop …

DHFL board approves plan to convert debt into equity, sell assets to raise more capital
5 years, 4 months ago

DHFL board approves plan to convert debt into equity, sell assets to raise more capital

Firstpost  

Bengaluru: Crisis-hit shadow bank Dewan Housing Finance Corp said on Friday its board had approved a plan that included converting debt into equity, even as it seeks to sell assets and raise more capital. The conversion of debt into equity may result in a change in ownership, the company said in a regulatory filing, adding that the plan still needed …

RBI rate cuts not enough to re-fire damp India housing market: Reuters poll
5 years, 4 months ago

RBI rate cuts not enough to re-fire damp India housing market: Reuters poll

Live Mint  

Bengaluru: India's liquidity-starved economy will restrain housing market activity and price rises in coming months and into 2020, according to a Reuters poll of property market experts who were skeptical aggressive interest rate cuts will revive it. Indeed, nearly three-fourths of 18 analysts who answered an additional question said the RBI's interest rate cuts this year would have no impact …

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