Successful resolution of Dewan Housing Finance Corp critical for banking

Topics DHFL | Reserve Bank of India | NBFCs

In just about a week or so we will get to know who emerges successful in the bid for beleaguered housing financier – Dewan Housing Finance Corporation Limited’s (DHFL) business. For banks leading the negotiations with DHFL’s administrator and interested investors, the outcome of the bid will be critical to reassure that systemic risks like the one that the industry went through since September 2018 aren’t insurmountable. DHFL was the first to be hit by the rising cost of funds which escalated post the IL&FS crisis and was not able to get back to its feet after tha.....

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