Banks to get 33% of dues spread over five years from DHFL resolution

Topics DHFL | sbi | Piramal Group

The lenders of DHFL will be taking home 33 per cent of their dues spread over the next five years with the successful resolution of the housing finance company’s Rs 90,000 crore dues. State Bank of India, which has the highest exposure, will be receiving Rs 3,300 crore of its Rs 10,000 crore dues.   The banks will be taking a huge haircut as compared to an average 45 per cent recovery in insolvency and bankruptcy cases. The haircut is the amount a bank foregoes to make the account as “standard” account. Apart from paying Rs 12,700 crore to the cred.....

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