What is the new name of Dhfl?

07/08/2019 Off By admin

What is the new name of Dhfl?

The name of the company was changed to Dewan Housing Development Finance Ltd. and later to Dewan Housing Finance Corporation. In 2010, DHFL acquired Deutsche Postbank Home Finance unit for ₹1079 crores.

Will Dhfl FD holders get their money back?

DHFL FD Investors and NCD-holders Start Getting Their Repayment Proceeds as per Their Claims. In a huge relief for fixed deposit (FD) investors and non-convertible debenture (NCD)-holders of Dewan Housing Finance Corporation Ltd (DHFL), the repayment process has already started.

Which bank can take over Dhfl home loan?

DHFL offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public …

What is latest news about Dhfl?

DHFL Insolvency Case: NCLT approves Piramal Group’s resolution plan. DHFL Insolvency Case: Piramal Group’s resolution plan has been accepted with a few conditions; and former promoter Kapil Wadhawan’s plea to get access to a copy of the resolution plan has been rejected by NCLT.

What will happen to FD in Dhfl?

Under the current resolution plan, FD holders will get about ₹1,241 crore, 23 per cent of their admitted claims of about ₹5,400 crore. NCD holders have been classified in different categories based on their investments, and will also get lesser repayment than their admitted claims.

What happened to DHFL?

In November 2019, DHFL became the first NBFC to be referred for bankruptcy by the RBI. Equity shares of Dewan Housing Finance Corporation Ltd will be delisted from the stock exchanges going ahead, as part of the resolution plan of Piramal Capital & Housing Finance Ltd.

Who is going to buy DHFL?

Piramal Capital plans to rapidly scale up the share of its retail loan book and bring down wholesale lending, part of the reason why it is acquiring Dewan Housing Finance. Piramal’s total lending book as of now is around Rs 45,000 crore, in which retail is about Rs 5,000 crore, or just about 11 per cent.

What is latest news about DHFL?

Is DHFL going to shut down?

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) informed that DHFL will be suspended from trading with effect from June 14, that is closing hours of trading on June 11, 2021. In November 2019, DHFL became the first NBFC to be referred for bankruptcy by the RBI.

Will DHFL shares become zero?

The order states that the interests of existing shareholders have been altered by the resolution plan with the value of 31,38,23,02 equity shares turning to zero. Piramal Capital & Housing Finance will shell out Rs 37,250-crore for DHFL, according to the resolution plan.

What is the latest news about DHFL?

What is wrong with DHFL?

DHFL had gone bankrupt with more than Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company. It had reported a loss of Rs 13,095.38 crore in the December quarter of 2020-21.

Why did DHFL give me a home loan?

DHFL sanctioned my loan without any hassles. Other banks refused to give me a home loan because I work in an informal sector, DHFL believed in my growth and supported me. I am really impressed by DHFL’s service as they always try and serve you better. I got a loan in the shortest time period and that too without any difficulty.

Where can I Find my DHFL online account?

My DHFL Online Customer Portal. My DHFL is an online customer portal where you can view your Home Loan statements and records.

What does the fresh Adani Group offer mean for DHFL?

The Adani Group’s unsolicited offer for the entire book of the company will force lenders to call for new bids for DHFL. However, this is also likely to face a legal challenge from existing bidders like Piramal Enterprises and Oaktree.

What’s the difference between DHFL and other banks?

Other banks offer a very high interest rate, while DHFL helped me to buy my dream home by providing me a low interest rate. While other banks turned me away, because a rickshawala is not eligible for a home loan. DHFL trusted in my hard work and help me own a home.