DHFL’s debt resolution plan hits a roadblock as collections drop3 min read . Updated: 17 Nov 2019, 11:42 PM IST
- Scores of debt repayment collection agents have quit in the wake of the crisis at the mortgage lender
- If the DHFL account is declared as fraud-hit, banks will have to set aside 100% of outstanding loans as provisions either in one go or over four quarters
MUMBAI : Dewan Housing Finance Corp. Ltd’s (DHFL’s) debt recovery process has hit an unexpected hurdle with scores of collection agents quitting in the wake of the crisis at the mortgage lender, the latest in a string of setbacks that is likely to jeopardize a speedy debt resolution, according to two people aware of the development.
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