HDFC, India’s largest mortgage lender, reports an 18% increase in profit in the second quarter.

HDFC, India's largest mortgage lender, reports an 18% increase in profit in the second quarter.

BANGALORE, Nov 3 (Reuters) – Housing Development Finance Corporation (HDFC.NS) (HDFC), India’s largest mortgage lender, reported a 17.8 per cent rise in second-quarter profit on Thursday, boosted by strong demand for mortgages. HDFC said its profit for the three months ended September 30 increased to INR 44.54 billion ($537.2 million) from INR 37.81 billion a … Read more

Indian Infrastructure Bank to start disbursing loans in fiscal year 23

Indian Infrastructure Bank to start disbursing loans in fiscal year 23

MUMBAI (Reuters) – India‚Äôs development finance institution, the National Infrastructure Development Bank, may start disbursing loans from this financial year, said managing director and CEO Rajkiran. Lai G said Wednesday. Lai said financial institutions are also considering raising funds by issuing long-term bonds in the domestic market this fiscal year with maturities of 10 to … Read more

LeBron creditors to contest 2020 loan deal

LeBron creditors to contest 2020 loan deal

(Reuters) – Some of Revlon’s creditors have asked a U.S. bankruptcy judge in Manhattan to roll back the bankrupt cosmetics giant’s 2020 loan restructuring. Creditors, including Brigade Capital and Nuveen Asset Management, said in court filings late Monday that LeBron’s bankruptcy proceedings had a huge stake based on “fake” loan deals that took place in … Read more