DHFL says paid over ₹ 30,000 crore to creditors since September - News Summed Up

DHFL says paid over ₹ 30,000 crore to creditors since September


NEW DELHI: Housing finance firm DHFL on Friday refuted "unwarranted speculation" over its debt repayment ability, saying it has made payments of over ₹30,000 crore towards interest and principal since September. DHFL was in news for liquidity issues and allegations of siphoning off bank loans through layers of shell companies. In a regulatory filing, DHFL said that over the last one week there has been a lot of unwarranted speculations in the market about continuous weakening of DHFL's credit profile as a servicer. Since September 24, the company said, it has made more than ₹30,000 crore of principal and interest payments to its creditors including its fixed deposit holders. "Please note that from a servicing standpoint, collection efficiency has remained over 99% every month since September 2018," it added.


Source: Mint May 10, 2019 16:30 UTC



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