Edition:
India

Nupur Anand

DHFL's bondholders take shadow bank to bankruptcy court

18 Oct 2019

MUMBAI The resolution plans of debt-laden shadow lender Dewan Housing Finance Corporation Ltd (DHFL) have hit a roadblock after the custodian of DHFL bonds said on Thursday it is taking the firm to bankruptcy court on behalf of certain debenture holders.

Slowing Indian bank lending overshadows economic rebound hopes

16 Oct 2019

MUMBAI Credit growth at Indian banks has dropped to its lowest level in nearly two years, the latest Reserve Bank of India (RBI) data shows, as slowing domestic consumption weighs on demand.

RPT-INSIGHT-Realty bites: Indian property slump leaves beleaguered banks exposed

14 Oct 2019

MUMBAI, Oct 13 India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks.

Realty bites: Indian property slump leaves beleaguered banks exposed

13 Oct 2019

MUMBAI India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks.

Indian central bank blocks Lakshmi Vilas-Indiabulls merger

09 Oct 2019

BENGALURU/MUMBAI Indian lender Lakshmi Vilas Bank Ltd (LVB) said on Wednesday the central bank had not approved its merger with Indiabulls Housing Finance Ltd , making it the latest bank to face struggles in an already troubled sector.

India's PMC Bank created over 21,000 fake accounts to hide loans: complaint

01 Oct 2019

MUMBAI Punjab and Maharashtra Co-operative Bank (PMC) used more than 21,000 fictitious accounts to hide loans it made, according to a police complaint lodged by Indian officials, in the latest banking fraud case to spook the country's depositors and investors.

PMC Bank created over 21,000 fake accounts to hide loans: complaint

01 Oct 2019

MUMBAI Punjab and Maharashtra Co-operative Bank (PMC) used more than 21,000 fictitious accounts to hide loans it made, according to a police complaint lodged by Indian officials, in the latest banking fraud case to spook the country's depositors and investors.

RPT-Indian police probe management of co-operative bank

01 Oct 2019

MUMBAI, Sept 30 Indian officials registered a police complaint against the senior management of Punjab and Maharashtra Co-operative Bank (PMC) on Monday for hiding non-performing assets and disbursing loans that led to a loss of 43.55 billion rupees ($616.5 million) for the lender, a police official said.

Indian police probe management of co-operative bank

01 Oct 2019

MUMBAI Indian officials registered a police complaint against the senior management of Punjab and Maharashtra Co-operative Bank (PMC) on Monday for hiding non-performing assets and disbursing loans that led to a loss of 43.55 billion rupees ($616.5 million) for the lender, a police official said.

India probes Lakshmi Vilas Bank directors for alleged fraud

27 Sep 2019

MUMBAI/BENGALURU Indian police have opened a probe into the directors of Lakshmi Vilas Bank after a customer accused them of misappropriating funds, the bank said late on Thursday.

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