For DHFL, RBI appoints EY administrator advisor and AZB legal advisor

DHFL is in the process of finding a resolution after a recent proposal of lenders was rejected by the RBI. ET was first to report on October 19 that the RBI had rejected a proposal by banks that would have allowed them provisioning relief to the tune of Rs 6,000 crore on borrowings by DHFL. Most banks will have to now take this into account for the December quarter.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PgwbfH