DHFL To Resume Home Loan Sanction Of Rs. 500 Crore/Month; CoC Approves Plan

As per a Mint report, the committee of creditors has allowed the crisis hit DHFL to resume its lending activity, under the plan the mortgage lender will resume financing home loans with upper cap of Rs. 500 crore per month. This is to curb the fall in its lending book.

DHFL To Resume Home Loan Sanction Of Rs. 500 Crore/Month; CoC Approves Plan

Further as per the inputs from the report, the document from the RBI-appointed administration who is overseeing the company's resolution, the company on a monthly basis is recovering as much as Rs. 1700- Rs. 1800 crore from past disbursed loans. So, referring the document seen by the leading daily, the company is allowed to resume its home loan disbursements of as much as Rs. 500 crore per month after providing for operational expenditure and securitization payments.

Because of the liquidity crisis, the crippled lender could not continue with its lending activity that also was a reason for defaulting on debt repayments. Additionally, the document did not specify of infusing any funds as was sought by DHFL before being referred to the NCLT for insolvency proceedings.

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