DHFL has been the most severely impacted large non-banking financial company (NBFC) in the liquidity crisis, which has engulfed India’s finance services sector since September 2018, when industry major Infrastructure Leasing and Financial Services (Il&FS) went belly up. DHFL has defaulted on multiple commitments and has also been forced to sell off non-core assets as the promoters sought to repay loans.
DHFL owes around ₹1 trillion to the system, including over ₹50,000 crore to banks, while the rest are from entities like mutual funds.
It is in talks with bankers for a restructuring and the lenders are mulling a lifeline of ₹7,000 crore, according to media reports.
In a statement, DSP Mutual Fund on Monday said the remaining amount of ₹75 crore was paid last Saturday, resulting in a “complete recovery" for the commercial papers held its various mutual fund schemes.
Over the past two months we have been engaged with the issuer for the pending recoveries," it said.