The Reserve Bank of India announced guidelines for co-origination of priority sector loans by banks and NBFCs with a view to enhancing flow of funds to the sector at competitive rates.

The Sensex and Nifty crashed in afternoon trade today amid heavy selling in housing finance companies stocks. NBFC stocks crashed and spooked Sensex and Nifty which fell nearly 1,128 points and 368 points, respectively. However, the indices later recovered on management of these companies allaying concerns over their financial position. Watch BusinessToday.In video.

What brought on the heavy selling in the stocks of non-banking finance companies (NBFCs)? Blame it on tightness in the money market and investor concerns over rising cost of borrowing for the companies amid continuing financial crisis at IL&FS.

The Dewan Housing Finance stock fell up to 60 per cent or 364 points in trade today which spurred heavy selling in other housing finance stocks.

The stock of Dewan Housing Finance fell 59.67% or 364 points to a new low of 246.25, the most among the NBFCs.

However, the indices later recovered on management of these companies allaying concerns over their financial position.

Gender diversity is missing in large areas of the financial services industry. There is no easy way out.

The controversy-hit lender has invited bids for the e-auction to be held through the bank's portal on September 20.

Shivinder Singh's petition against brother Malvinder and former Religare CEO Sunil Godhwani points at only the tip of the iceberg in the corporate mismanagement that led to the Singh brothers losing control of Fortis Healthcare and  Religare.

In his petition before the National Company Law Tribunal in New Delhi, Shivinder has leveled the following charges against elder brother Malvinder and former Religare CEO Sunil Godhwani.

Given the competitive landscape, the new India Post Payments Bank has to differentiate its offering in terms of technology, faster delivery and building a long term sustainable business model.

For the \"face of the industry\" to change, J.C. Sharma, the Vice Chairman and Managing Director of Sobha Limited, has a list of asks from regulators and the government.

With RERA, the customer is now confident. There are some positive indications. There is demand for completed projects. Unsold inventories have started reducing, says Santosh Kumar.

Look at the corporate governance theme to pick winning stocks.

Digitisation has reached a level where you can manage your entire financial world with clicks and taps. Here is what all you can do and how you can manage personal finance digitally.

How Malvinder and Shivinder Singh blew Rs 22,500 crore in less than a decade and lost control over Fortis Healthcare and Religare Enterprises.

Out of the two accounts on sale, Bombay Rayon Fashions Ltd owesRs 2,260.79 crore to the bank. The second account, Shivam Dhatu Udyog Pvt Ltd, has to repay Rs 229.32 crore.

Green shoots emerge for residential real estate, but it isn't out of the woods.

Over 1,200 NBFCs, flagged as 'high risk' prone for not complying with a provision of the anti-money laundering law, had submitted records to the government in April to be identified as legally compliant.

The inter-creditor agreement gives more powers to the lead lender in a consortium and allows a resolution plan to be approved if 66 percent of the banks in the group agree to it.