Shares of the troubled DHFL closed 7.52 per cent lower at Rs 28.90 apiece on the BSE.

BJP MP Subramanian Swamy alleged that Indiabulls Housing was involved in siphoning off funds to the tune of more than Rs 1 lakh crore.

The NSE Nifty index was trading 42.80 points down at 11,922.80.

Indiabulls Real Estate (Rs 155.10 crore) was also leading the pack of most active stocks in value terms.

About 22 mutual funds together owned DHFL paper worth Rs 5,236 crore.

The NSE Nifty index was trading 17.80 points up at 11,683.75 while the BSE Sensex was up 101.11 points at 38,963.34 around 09:19 am.

The biggest losers on Monday were the shares of Adani Group companies – Adani Power and Adani Ports and SEZ.

NBFCs can now securitise loans of more than five-year maturity after holding those for 6 months.

In recent days, shares of non-banking financial companies (NBFCs) and housing finance companies have taken a beating.

Shares of NBFCs have tanked against the backdrop of IL&FS defaulting on debt obligations.

In the past three days, Indiabulls has raised Rupees 1,400 cr via commercial paper sales.

Company says liquidity not an issue, stock’s fall due to rumours of such a crisis

NBFCs are setting up MTN programme to tap overseas market,post success of masala bonds.

In August, ET reported that housing finance companies would soon begin selling bonds worth Rs 15,000-20,000 crore through public issuances.

The company is planning to raise up to Rs 7,000 crore, half of which would be retained through oversubscription option. Bond sales can happ...

There are more choices HFCs can make in terms of not just lending to individual investors, but also funding to construction activities.

It is important for GIC Housing to make sure that the quality of assets is something that keeps on improving with every extension of credit.