by AIP Online Bureau | Feb 26, 2025 | Health, Indian News, Life, Non-Life, Regulation
An IIHL spokesperson said that IIHL voluntarily offered to release Rs 2,750 crore in equity capital into Reliance Capital’s account to demonstrate its commitment to completing the transaction. The tribunal accepted the proposal Reliance Capital has three...
by AIP Online Bureau | Aug 29, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
Digital payment frauds saw a more than fivefold jump to 14.6 billion rupees ($175 million) in the year ended March 2024 from the previous fiscal year, according to the Reserve Bank of India Mumbai: Rising cases of online thefts and frauds will push Indian banks that...
by AIP Online Bureau | Apr 28, 2024 | Indian News, Life, Non-Life, Regulation
According to the sources, the lenders expressed concerns over the slow progress towards the implementation of RCAP resolution plan, as IIHL is yet to receive the crucial IRDAI approval on the resolution plan.The IRDAI has raised multiple queries and concerns over the...
by AIP Online Bureau | Apr 23, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life
Both the bidders Torrent Investment and IndusInd International Holdings Ltd (IIHL) of Hinduja Group want finality, certainty, transparency, no negotiation in value or on terms and conditions, after the second round of auction is over, they said. Mumbai: Ahead of the...
by AIP Online Bureau | Dec 5, 2022 | Indian News, Life, Non-Life
Deloitte, the process advisor of Reliance Capital Ltd (RCL) Administrator Y Nageshwar Rao, is of the opinion that the value of the bids is almost 70 per cent below the liquidation value of Rs 13,000 crore, sources said. Mumbai: Differences have emerged between lenders...
