Banks considering resolution plan for DHFL?

Updated : Jun 28, 2019 18:02
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Editorji News Desk
State Bank of India-led consortium of banks is exploring options to initiate a resolution plan for Dewan Housing Finance Limited according to a CNBC-TV18 report. The banks are looking at several restructuring plans along with options of converting debt into equity. Other routes include taking over some of the company's assets under the Direct Assignment norms of the RBI. The development comes after DHFL on Friday postponed its fourth-quarter results to be published on June 29 due to 'unforeseen engagements'.

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