21: Resolving DHFL
Mark to Market
English - February 20, 2020 13:30 - 5 minutes - 4.64 MBBusiness News News market price finance podcast investing stock market entrepreneurship business business podcast money market share market entrepreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Dewan Housing Finance Ltd, a large housing finance company is undergoing insolvency proceedings. Its resolution is key as DHFL owes not just banks but also retail bondholders and depositors. A painless resolution would ensure retail lenders keep their faith in the system, and banks are able to limit a hit on their books through another bad loan. It would also show that IBC is a law that works for financial companies' resolution too.