It earlier defaulted on a ₹1,000 crore loan from the Small Industries Development Bank of India on 13 September. The DHFL management was also quick to clarify that it had not defaulted on any bonds or repayment, nor had there been any instance of delay on repayment of any liability. The management of DHFL added that it did not have any exposure to the beleaguered company, IL&FS. Which NBFCs do brokerages prefer? Edelweiss Securities said it was cautious on NBFCs at this juncture and preferred private banks such as ICICI Bank and HDFC Bank.

Source: Mint September 27, 2018 05:48 UTC