Business  /  Published 12.08.20

Churn signals Indiabulls bank hope

Indiabulls Housing Finance Limited (IHFL) has appointed former RBI deputy governor Subhash Sheoratan Mundra as its non-executive chairman — a strategic move that many believe signals that the fi...
By Our Special Correspondent in Mumbai

Calcutta  /  Published 06.08.20

NKDA opens safe house for New Town residents

NKDA also plans to start Rapid Antigen Test at its health dispensary in Action Area III. “We are on the lookout for trained technicians which the health department is unable to provide us,&rdquo...
By Sudeshna Banerjee in Calcutta

Business  /  Published 31.07.20

HDFC: profit dips 4.7 per cent

HDFC on Thursday reported a 4.7 per cent fall in standalone net profit for the June quarter as demand for loans was affected by the Covid-19 pandemic.  The corporation posted a net profit of Rs ...
By Our Special Correspondent in Mumbai

Business  /  Published 12.07.20

Big bond float

PNB Housing Finance said it will seek shareholders’ approval next month to raise up to Rs 45,000 crore through debt securities. The company’s annual general meeting is scheduled to take pl...
By PTI  in New Delhi

Business  /  Published 11.07.20

DHFL fraud pulls down PNB stock

Investors on Friday beat down the Punjab National Bank stock as the bank reported  to the RBI a Rs 3,688cr fraud perpetrated on it by Dewan Housing Finance (DHFL). PNB on Friday said it has alre...
By Our Special Correspondent in New Delhi

Business  /  Published 30.06.20

Housing launches face Covid crunch

The Covid-19 pandemic and the nationwide lockdown had a telling effect on the real estate sector during the first three months of the fiscal with launches plummeting to a tenth of last year. Only 413...
By Sambit Saha in Calcutta

Business  /  Published 16.10.19

PMC Bank assures to protect depositors interest

Amid instances of deaths and a suicide, troubled PMC Bank's administrator met RBI brass, including governor Shaktikanta Das on Wednesday.'It was assured that the bank will make all efforts to safeguar...
By PTI in Mumbai

Business  /  Published 21.05.20

NBFCs unhappy with tenure

The special liquidity scheme worth Rs 30,000 crore for stressed nonbanking financial companies (NBFCs) and housing finance companies (HFCs), whose financials further deteriorated because of the Covid-...
By Our Special Correspondent in New Delhi

West Bengal  /  Published 01.11.18

Road woes of other Rajarhat

Residents of housing complexes in a pocket of Rajarhat where apartments sell for Rs 45-70 lakh but the link road is a dirt track marched till the township’s Biswa Bangla Convention Centre on Thursda...
By Snehal Sengupta in Calcutta

Business  /  Published 01.11.18

HDFC net profit up, helped by stake sale

HDFC on Thursday reported a 25 per cent rise in net profit for the September quarter with its bottomline boosted by the part sale of its stake in its mutual fund arm even as robust loan demand fuelled...
By Our Special Correspondent in Mumbai


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