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Reliance Cap resolution: NCLT to hear IIHL plea for deadline extension on June 20 Banking Finance Must Watch BANKING/FINANCE STOCKSNSEBSE References

Reliance Cap resolution: NCLT to hear IIHL plea for deadline extension on June 20

The National Company Law Tribunal (NCLT) will hear a plea from Hinduja Group firm IIHL on June 20 for an extension of the deadline to complete Reliance Capital's resolution. IIHL, the successful bidder for Reliance Capital, seeks a 90-day extension beyond the May 27, 2024 deadline set by NCLT Mumbai for completing the Rs 9,650-crore resolution plan. Reliance Capital, the financial services arm of Anil Ambani Group, had its board superseded by the RBI in November 2021, and IIHL's resolution plan was approved by NCLT in February 2024.

  • Rajib Kumar Mishra ceases to be chairman of PFS, CMD of PTC India after Sebi's order
  • UAE's Alterra commits $1 billion to Brookfield’s climate fund
  • India Inc looking for credit to fund capex, corporate loan worth Rs 5 lakh cr in pipeline: SBI Chief
  • CAMS Repository Services launches insurance portfolio management platform
  • IRDAI asks life insurers to offer surrender value in first year
  • ATM operators seek Rs 2 hike in interchange fee for viability
  • Hindujas seek more time from NCLT to pay Reliance Capital lenders
  • Irdai accepts registration withdrawal application of Paytm General Insurance
  • Banks, NBFCs well placed to seize opportunity from India's strong economic prospects: ICRA
  • NBFC-MFIs largest provider of micro-credit: Report
  • Deposit rates peak; to move downwards in medium term: SBI Chairman
  • Banks need to push CASA for deposit growth and protect margins
  • NBFC-MFIs largest provider of micro-credit: Report
  • Deposit rates peak; to move downwards in medium term: SBI Chairman
  • Banks need to push CASA for deposit growth and protect margins
  • Life insurers to mandatorily provide loan facility against policies: Irdai
  • Sundaram Home Finance launches emerging business segment; Rs 300 cr target disbursal
  • Insurance helped 46,000 Indian women avoid deadly work during heat waves

Banking

  • India Inc looking for credit to fund capex, corporate loan worth Rs 5 lakh cr in pipeline: SBI Chief
  • ATM operators seek Rs 2 hike in interchange fee for viability
  • NBFC-MFIs largest provider of micro-credit: Report
  • Deposit rates peak; to move downwards in medium term: SBI Chairman
  • Banks need to push CASA for deposit growth and protect margins

Finance

  • Reliance Cap resolution: NCLT to hear IIHL plea for deadline extension on June 20
  • Rajib Kumar Mishra ceases to be chairman of PFS, CMD of PTC India after Sebi's order
  • UAE's Alterra commits $1 billion to Brookfield’s climate fund
  • Hindujas seek more time from NCLT to pay Reliance Capital lenders
  • Banks, NBFCs well placed to seize opportunity from India's strong economic prospects: ICRA

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    Banking News: Read Today's Banking News, Banking Latest Updates | The Economic Times (2024)

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