In 2020, Reserve Bank of India (RBI) imposed crippling restrictions on HDFC Bank, India’s largest bank by market-capitalisation, sending shock waves throughout the banking industry.
DHFL scam: Dheeraj Wadhawan may have to face personal insolvency action rashtranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rashtranews.com Daily Mail and Mail on Sunday newspapers.
In an interview with The Economic Times, Saluja said that she has the full support of the board and is proud of her turnaround credentials, the results of which are evidenced by what she described as a tough phase for non-bank lenders.
"I may have agreed that five years ago, I didn't have the experience, but after five years, three successful businesses, a company turnaround and a great team and board to support me, I will not back down," Saluja told ET in an interview. "Any allegations of corporate governance against the board and the management are directly reflected toward the regulators. Our naysayers need to understand that."
Daniel Kahneman's Legacy and the Mirror He Held to our Investing Illusions thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The National Company Law Tribunal (NCLT) has admitted Union Bank of Indias insolvency application against Kapil Wadhawan, former promoter of DHFL, for a Rs 3,958-crore default. Devendra Mehta is appointed as the resolution professional. DHFL's creditors, including FD holders, had recovered Rs 38,000 crore from Piramal Capital's acquisition in September 2021.
DHFL had availed various term loan facilities of more than Rs 4,000 crore and working capital facilities of Rs 450 crores. Wadhawan had provided unconditional and irrevocable guarantees toward the credit facilities granted by the public sector lender to DHFL.
DHFL had availed various term loan facilities of more than Rs 4,000 crore and working capital facilities of Rs 450 crores. Wadhawan had provided unconditional and irrevocable guarantees toward the credit facilities granted by the public sector lender to DHFL. On November 20, 2019, the central bank superseded the board of DHFL and appointed R Subramaniakumar as the company administrator.
India Business News: NEW DELHI: Markets regulator Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of Dheeraj Wadhawan and Kapil.
Sanjay Chhabria: A bench of Justices Bela M Trivedi and Pankaj Mithal said the offence is serious and the high court considered everything. The counsel appearing for Chhabria then withdrew the plea and the matter was dismissed as withdrawn.