Tag: #BadLoans

Supreme Court Upholds Piramal Capital’s Resolution Plan for DHFL

April 7, 2025

In a significant verdict, the Supreme Court on Tuesday upheld Piramal Capital & Housing Finance’s resolution plan for the defunct Dewan Housing Finance Corporation Ltd (DHFL). This decision effectively overturned the earlier order by the National Company Law Appellate Tribunal (NCLAT), which had directed the lenders of DHFL to revisit specific aspects of the resolution […]

Supreme Court Upholds Piramal Capital’s Resolution Plan for DHFLmore
House

NHB Increases Surprise Inspections to Assess Housing Finance Companies’ Operations

April 1, 2025

The National Housing Bank (NHB) is ramping up surprise inspections of mortgage lenders to ensure they are operating properly, following a recent fraud case at Aviom Housing Finance, according to two officials familiar with the matter. These surprise checks are in addition to the regular annual credit reviews NHB conducts for housing finance companies (HFCs). […]

NHB Increases Surprise Inspections to Assess Housing Finance Companies’ Operationsmore
Loan

NHB Instructs HFCs to Report Bad Loan Data on the First Day of Every Month.

December 12, 2024

MUMBAI: The National Housing Bank (NHB) has directed the heads of all Housing Finance Companies (HFCs) to submit bad loan data by the first day of every month, according to sources familiar with the matter. This move comes after NHB observed that HFCs were continuing to collect loan payments for the previous month even up […]

NHB Instructs HFCs to Report Bad Loan Data on the First Day of Every Month.more