DHFL Approves Resolution Plan, No Big Haircuts For Lenders
  • WebDesk BTVI
  • Aug 06 2019

Crisis-hit mortgage lender Dewan Housing Finance Corporation (DHFL) has approved submitting of the resolution plan, under which there will be no principal haircuts to creditors. The resolution plan recommends moratorium on repayments, and will address asset-liability mismatch. The company's board is seeking funding from the National Housing Bank (NHB), banks to start retail funding. Here's more on the story.