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Nupur Anand

Court provides temporary relief to lenders on $5.6 billion loans

13 Nov 2019

MUMBAI An Indian court on Wednesday allowed banks to recover some dues from shadow lender Dewan Housing Finance Corporation Ltd, granting relief to banks that had earlier been staring at a $5.6 billion hit to their books.

Indian court provides temporary relief to lenders on $5.6 billion loans

13 Nov 2019

MUMBAI, Nov 13 An Indian court on Wednesday allowed banks to recover some dues from shadow lender Dewan Housing Finance Corporation Ltd, granting relief to banks that had earlier been staring at a $5.6 billion hit to their books.

India's bad debt eased by write-offs, underlying problem remains

08 Nov 2019

MUMBAI Indian banks wrote off more than $30 billion worth of bad debt in the year to June 30, helping to lower stressed loans on their books by 8.5%, according to central bank data reviewed by Reuters.

India's bad debt pile eased by write-offs, underlying problem far from resolved

08 Nov 2019

* Stressed loans fell by 8.5% to $137.5 billion as of June 2019

India not planning to help banks rescue shadow lender DHFL: sources

07 Nov 2019

MUMBAI/NEW DELHI India's government has no plans to participate in the rescue of Dewan Housing Finance Corporation Ltd (DHFL), according to two sources involved in talks on how to restructure the shadow bank's near 1-trillion-rupee ($14 billion) debt.

India not planning to help banks rescue shadow lender DHFL -sources

07 Nov 2019

MUMBAI/NEW DELHI, Nov 7 India's government has no plans to participate in the rescue of Dewan Housing Finance Corporation Ltd, according to two sources involved in talks between bankers and officials over how to restructure the shadow bank's near 1-trillion-rupee ($14.08 billion) debt.

RPT-UPDATE 1-India's Yes Bank posts quarterly loss as asset quality worsens

03 Nov 2019

MUMBAI/BENGALURU, Nov 1 Indian private-sector lender Yes Bank Ltd reported a bigger-than-expected loss for the second quarter on Friday, as asset quality worsened and provisions swelled.

Yes Bank posts quarterly loss as asset quality worsens

01 Nov 2019

MUMBAI/BENGALURU Indian private-sector lender Yes Bank Ltd reported a bigger-than-expected loss for the second quarter on Friday, as asset quality worsened and provisions swelled.

UPDATE 1-India's Yes Bank posts quarterly loss as asset quality worsens

01 Nov 2019

MUMBAI/BENGALURU, Nov 1 Indian private-sector lender Yes Bank Ltd reported a bigger-than-expected loss for the second quarter on Friday, as asset quality worsened and provisions swelled.

RBI asks Indian banks to probe alleged data leak of 1.3 million cards

31 Oct 2019

NEW DELHI/MUMBAI The Reserve Bank of India (RBI) has asked banks to ensure customers' debit and credit card data is secure and investigate reports that say data of 1.3 million accounts was available online, a notice seen by Reuters showed.

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