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Sell LIC Housing Finance, price target Rs 395: Chandan Taparia
The analyst suggested a stoploss at Rs 443.
We are overwhelmed and surprised by market response: Nitin Chugh, Ujjivan SFB
Ujjivan SFB has not seen rural slowdown as microfinance itself ...
Ujjivan Small Finance Bank share allotment likely today: Here's how to check
The IPO saw an overall 165.68 times subscription by end of third and final day of the bidding process.
Share market update: Nifty Financial Services index up; Indiabulls Housing gains 2%
The Nifty Financial Services index was trading 0.35 per cent up at 14,216.35.
Buzzing stocks: Vodafone Idea, YES Bank, Dish TV, Indiabulls Housing Finance
YES Bank (Rs 241.42 crore) was leading the pack of most active stocks in value terms.
Ujjivan SFB listing to have impact on holding company as well: Hemang Jani, Sharekhan
Ujjivan Small Finance Bank’s overall operating performance has been decent and in terms of NPL quality, it is about 0.85 net NPL.
HDB Fin Services now valued at Rs 90,000 crore in unlisted market
HDB shares in unlisted market are trading at Rs 1,100 apiece against Rs 600-700 a year earlier.
For DHFL, RBI appoints EY administrator advisor and AZB legal advisor
DHFL is in the process of finding a resolution after a recent proposal of lenders was rejected by the RBI. ET was first to report on October 19 that the RBI had rejected a proposal by banks that would have allowed them provisioning relief to the tune of Rs 6,000 crore on borrowings by DHFL. Most banks will have to now take this into account for the December quarter.
Budget-making team of Finance Ministry short of two key officials
The budget for 2020-21 to be presented on February 1 is keenly awaited for the expected second wave of structural reforms for pulling out the economy from its over six-year low growth. In addition to expenditure secretary, the position of joint secretary, one of the key officials in the entire Budget-making process, is also vacant for almost three months.
Govt okays Rs 5,300 cr fund infusion into IIFCL in FY20
Another Rs 10,000 crore will be infused in 2020-21.
We are seeing green shoots in rural and semi-urban market: Umesh Revankar, Shriram Transport Finance
There is good credit demand in the rural market, because agri output has been reasonably good. There is some kind of buoyancy in the rural market and also to some extent in the semi-urban market. In the urban market, we are yet to see any changes. Credit demand from rural and semi-urban market is enough for us to keep growing.
Buy L&T Finance Holdings, price target Rs 121: Kunal Bothra
The analyst suggested a stoploss at Rs 112.25.
PNB Housing Fin clarifies on rumours about Omaxe group loan exposure
In a regulatory filing to exchanges, PNBHFL said the information about loan exposure to Omaxe group is "with reference to the information floating in the social media regarding PNB Housing's exposure to the Omaxe group".
Financing arrangement likely by month-end: RIL in talks for Rs 5,000-crore loan to take over Alok Industries
RIL is in talks with State Bank of India, HDFC Bank and ICICI Bank for financing. RIL won the right to buy Alok Industries in the Insolvency and Bankruptcy Code process in March this year. The Ahmedabad bench of the NCLT had approved the sole RIL bid, made together with JM Financial Asset Reconstruction Co, which had promised to pay Rs 5,050 crore to take over Alok.
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