Dewan Housing Finance Ltd (DHFL) on Tuesday paid its interest dues worth Rs 961 crore on non-convertible debentures (NCDs), exactly a week after it delayed its interest payment.
The delay in interest payment had raised concerns of a liquidity crisis among the non-banking financial...
Over the past one year, the corporate world has been rocked by bankruptcies and huge liquidity crisis. This includes one of the country’s largest airline suspending operations, Rs10 lakh crore of bad loans, the disintegration of the Infrastructure Leasing & Financial Services (IL&FS) group...
Liquidity problems at Dewan Housing Finance Corporation Ltd (DHFL) and its reported failure this week to pay coupons highlight the funding challenges faced by India's non-banking finance sector, Fitch Ratings says.
"Issues in the non-banking financial companies (NBFCs) were already...
Ratings agencies CRISIL and ICRA on Wednesday downgraded their ratings on Dewan Housing Finance Corp Ltd (DHFL)’s Rs850 crore commercial paper (CP) mainly due to delay in servicing of the debt by the company.
CRISIL has downgraded its rating on CP of DHFL to 'D' from 'A4+' and also...
Debt schemes witnessed a massive shock yesterday as several schemes revealed sharp losses to their net asset values (NAVs). The worst hit was DHFL Pramerica Medium Term, which posted a loss of 52.99%! Yes, more than half of the schemes value disappeared in a single day.
The losses...
