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NBFC Crisis: ₹20,000 Crore Secret Black Hole spotted in DHFL Books

DHFL, PMC Bank, Scams, Frauds, securitisation, HDIL, KPMG India, Debt Recovery Tribunal, Dewan Housing Finance Limited, Iqbal Mirchi, Praful Patel, Money Laundering, Lenders, Resolution Plan, 52 week highs, 52 week lows, bond market, bonds, BSE, Corporate bond, dewan housing finance, IL&FS, Mahindra Group, Muthoot, NBFC stocks, NSE, rupee, share price, Shriram group, Stock Prices, 2019 lok sabha elections, bad loans, china corporate debt bubble, Fed, GNPA ratio, IDBI, indian banks, Lic, NPA mess, RBI, SEBI, United States Bond Market Bubble

Dewan Housing Finance (DHFL) diverted ₹20,000 crore to its promoters’ private entities, Moneylife reports, citing the findings of a forensic audit conducted by KPMG. Banks may push for a change in DHFL’s management if the new details are proven true, Livemint reports. The findings could also endanger the company’s proposed debt restructuring plan. In January, […]

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