DHFLâs Retail Depositors Prepare For Steep Haircuts: BQ Exclusive
Jan 17 2021, 12:35 PM
January 17 2021, 12:04 PM
January 17 2021, 12:35 PM
Those holding fixed deposits at Dewan Housing Finance Corporation Ltd. will take a steep haircut on their savings as per the resolution plan approved by the home financierâs Committee of Creditors. On Friday, creditors approved a resolution plan by the Piramal Group, which offers DHFLâs creditors a total of Rs 32,750 crore in cash and debentures.The scheme of distribution of funds proposes to pay out Rs 1,241 crore to fixed depositor.
Those holding fixed deposits at Dewan Housing Finance Corporation Ltd. will take a steep haircut on their savings as per the resolution plan approved by the home financierâs Committee of Creditors. On Friday, creditors approved a resolution plan by the Piramal Group, which offers DHFLâs creditors a total of Rs 32,750 crore in cash and debentures.
HFCs are on firmer ground now
December 21, 2020
Strong foundation: The new rules will provide a further fillip to the housing sector and stimulate demand generation in the economy - NAGARA GOPAL
Strong foundation: The new rules will provide a further fillip to the housing sector and stimulate demand generation in the economy - NAGARA GOPAL×
The new RBI norms will strengthen the capital base of housing finance companies and usher in best practices
In yet another spell of reforms, the Reserve Bank of India has come up with a strong prescription for housing finance companies (HFCs). This time, it is a new charter that will redefine the future roadmap of not only HFCs but also the housing sector. The RBI has chosen to boost the regulatory framework that will make HFCs both resilient and vibrant.