DHFL lessons for shadow banks: Turning blind eye to risk management for quick growth makes profit-hungry NBFCs vulnerable
CRISIL downgraded DHFL commercial paper worth Rs 850 crore too on account of the weak liquidity condition of the company.
DSP Mutual Fund recovers entire dues of Rs 150 cr from DHFL; leads to 'positive' impact on 7 of its funds
DHFL owes around Rs 1 lakh crore to the system, including over Rs 50,000 crore to banks, while the rest are from entities like mutual funds.
DHFL has already submitted a resolution plan to its committee of core creditors, which is currently being evaluated,
Bankers worry DSP Mutual Funds' legal action will delay rescue of DHFL; other creditors may be pushed to take legal action
In July, DHFL said it was "undergoing substantial financial stress" and may not survive as a going concern
DHFL is no IL&FS yet, but it isn’t far from getting there unless a Santa shows up with bag full of good money
DHFL’s scheduled aggregate cash outflows (including loan repayment and securitisation payouts) till July 2019 remain high, at around Rs 8,400 crore.
IL&FS, DHFL shocks may be temporary triggers, but the bad news for Indian financial markets do not end there
Its a mistake to assume that ongoing market turmoil is only on account of DHFL, IL&FS issue
DSP Group owns 60 percent stake in the JV while the remaining 40 percent is with BlackRock Inc.