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REALTY LOAN BOOK
Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEOAfter a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the ...
PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...
This smallcap real estate stock rallied 51% in 3 days. What’s behind the surge?Embassy Developments shares surged 51% in three days after the NCLAT overturned an earlier order admitting the company into insolvency proc...
How managements hide debt, losses, and disputes without breaking a single accounting rule – and take investors for a rideA listed company rarely operates alone. Behind it can sit a web of subsidiaries, step-down entities, associates, overseas arms, and special...
Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SCThe Supreme Court is pushing for a resolution for 22,000 Unitech homebuyers. The court wants suggestions from the new board, banks, and fin...
Apollo Global Management eyes L&T Finance realty loan book with $1 billion dealThe deal, pegged at $1 billion, will also will help L&T get cash upfront instead of through staggered payments, allowing it to deleverage i...
Oberoi Realty Q2 results: Co reports net profit at Rs 267 crDuring the quarter, the developer recorded bookings for 4.43 lakh sq ft space taking its total bookings for the half-year ended September t...
Court takes cognisance of charge sheet against Avantha Group promoter Gautam ThaparAvantha Group of companies promoter Gautam Thapar, 60, was arrested under the Prevention of Money Laundering Act (PMLA) on August 3 after t...
Court directs ED to file reply on Avantha Group promoter Gautam Thapar's bail plea by Oct 1The application has claimed that the accused was no longer required for custodial interrogation and no purpose will be served by keeping hi...
Offshore funds rush to avail real estate loan book resolution financing opportunitiesGiven the change in business environment, global non-performing loan or private debt investment managers including Cerberus, Apollo Global,...
NBFCs' wholesale book under severe stress: ReportAlmost all NBFCs have been under severe liquidity stress since the fall of industry major IL&FS in Sept 2018.
DHFL siphoned off Rs 13K cr through 1 lakh fake borrowers: EDThe Wadhawans had allegedly used the Rs 13,000 crore they siphoned to pay the late drug lord Iqbal Mirchi.
How the realty sector is being plagued by severe cash crunchWith buyers disinterested and lenders disappearing, the spectre of insolvency and price crash looms large.
NBFCs with big realty loans must rebalance books: RBIThe central bank is looking at applying concentration risk norms — similar to banks — to the finance companies.
Fearing spike in NPAs, NBFCs & HFCs help realtors sell betterAccording to a recent report, NBFCs and pure-play mortgage lenders have an exposure of a whopping Rs 2.2 trillion of the Rs 4 trillion deve...
SBI to go all out to capitalise on reviving home loan demandSBI has waived off processing fees for all home loans & will deploy 7,500 specialised ‘feet on street’ to market its home loans over and ab...
- Tighter corporate debt recast norms soon, says RBI
As of Q3 of FY13, banks recast loans worth nearly Rs 62,100 crore, around 50 per cent more than the recast loans in the whole of last year.
- DB Realty fixes IPO issue price at Rs 468 per share
Real estate developer DB Realty has fixed the issue price of its initial pubic offer (IPO) at Rs 468 per share, the lower end of its price ...
- DB Realty IPO subscribed 1.17 times on second day
The Rs 1,500-crore initial public offer of real estate developer DB Realty was subscribed 1.17 times on the second of the issue today.
SBI says credit exposure to UAE less than Rs 1,500-crIndia's premier lender, State Bank of India, said its exposure to Dubai firms are insignificant and ruled out any cause of concern due to t...