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Finance > Banks & institutions > Companies (banking) > RBI
RBI clears Piramal Group s takeover plan for DHFL
19 February 2021
Reserve Bank of India (RBI) is reported to have cleared Piramal Capital and Housing Finance Limited’s (PCHFL) proposal to acquire bankrupt Dewan Housing Finance Limited (DHFL), as proposed by the committee of creditors (CoC).
RBI gave its go-ahead for the deal earlier this week, clearing Piramal Capital and Housing Finance under the “fit and proper” criteria required for the acquisition. However, RBI turned down a request by PCHFL, a non-deposit taking NBFC, to get converted into a deposit-taking NBFC.
RBI’s nod brings Piramal Group one step closer to the acquisition of DHFL, pending the final clearance from the National Company Law Tribunal (NCLT).
and maybe he can get away with that. i think the bigger problem he s got is in this speech tonight, there wasn t very much specific. now, i know that and steve s right. it s going to come down to the last few weeks and that 5 or 6% in six or seven of those twelve swing states, but i think he s got to be a little bit more specific about what his sort of takeover plan, what his sort of bain restructuring plan is. and as he gets into those specifics, that s going to open up opportunities for the president to counterpunch. and either mitt romney s going to have to identify with the policies of previous republican administrations in which case the president will attack him on that, say back to the future, which is what they re saying in their e-mails tonight, or mitt romney is going to have to come up with some new ideas. and he s capable of coming up with new ideas. after all, he s the guy who came up with the health care plan. thank you, howard. howard fineman, msnbc political analyst
i think the bigger problem he s got is in this speech tonight, there wasn t very much specific. now, i know that and steve s right. it s going to come down to the last few weeks and that 5 or 6% in six or seven of those twelve swing states, but i think he s got to be a little bit more specific about what his sort of takeover plan, what his sort of bain restructuring plan is. and as he gets into those specifics, that s going to open up opportunities for the president to counterpunch. and either mitt romney s going to have to identify with the policies of previous republican administrations in which case the president will attack him on that, say back to the future, which is what they re saying in their e-mails tonight, or mitt romney is going to have to come up with some new ideas. and he s capable of coming up with new ideas. after all, he s the guy who came up with the health care plan. thank you, howard. howard fineman, msnbc political analyst, thanks for joining us tonight. th