Thursday, November 21, 2019

Will DHFL depositors get their money back?

Public deposits contribute 7% of the overall borrowing mix of Rs 83,900 crore. Debenture holders have 37% exposure followed by 31% bank term. DHFL being the first financial services provider to be taken to bankruptcy code, it is to be seen how the resolution of a non-bank entity is undertaken under the IBC with large number of fixed deposit holders.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2OAJaat

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