no doc
Investors are now realising that the pooled loans DHFL has sold to raise money from banks may not be kosher. in its results said that there is no documentation in the case of20,750 crore worth of loans. It is not clear whether part of these loans were sold or are still on the lender’s books. Brickwork Ratings had downgraded a pooled loan transaction of DHFL to C from BBB last month.
Investors are now realising that the pooled loans DHFL has sold to raise money from banks may not be kosher. in its results said that there is no documentation in the case of20,750 crore worth of loans. It is not clear whether part of these loans were sold or are still on the lender’s books. Brickwork Ratings had downgraded a pooled loan transaction of DHFL to C from BBB last month.
Comments