The Reserve Bank of India has rejected the proposed merger of Indiabulls Housing Finance Ltd (IHFL) with Lakshmi Vilas Bank (LVB).“This is to inform that the RBI vide its letter dated October 9, 201...

Shares of Yes Bank went into a tailspin on Tuesday despite a positive opening, tumbling nearly 23 per cent, amid worries over stress in the financial system.The scrip came under massive selling pressu...

The Reserve Bank of India (RBI) has brought Lakshmi Vilas Bank (LVB) under its prompt corrective action (PCA) framework — a development that may put Indiabulls Housing Finance’s (IHFL) merger with...

The Delhi High Court on Friday sought response from the Centre and the RBI on a plea seeking an SIT investigation into the alleged illegalities, siphoning of funds and violations committed by the prom...

Indiabulls Housing Finance, the country’s second largest housing finance company, on Wednesday said it will buy back debt worth Rs 2,705 crore from investors before they mature. The company will buy...

Mid-sized private sector lender Lakshmi Vilas Bank (LVB) is merging with Indiabulls Housing Finance (IBH), a move that will give the latter yet another shot to become a bank.The boards of both the ent...

NBFCs have been facing difficulties in mobilising liquidity after the crisis at IL&FS, with over Rs 1 lakh crore of commercial paper (CP) due for redemption this month alone. In fact, the liquidit...